OAKS,
Pa., Feb. 5, 2024 /PRNewswire/ --
SEI® (NASDAQ:SEIC) today announced the appointment of
Sean Denham as an Executive Vice
President and Chief Financial Officer, reporting to CEO
Ryan Hicke. Denham's employment will
begin on March 18, 2024, and his
appointment as CFO will be effective on the day following the
resignation of current CFO Dennis
McGonigle, whose departure plans were announced by SEI in
July 2023. SEI currently expects
McGonigle's resignation to be effective on the day of the filing of
the company's first-quarter 2024 Form 10-Q.
Denham succeeds McGonigle, who has served in a number of
different roles and leadership positions at SEI for nearly 40
years. Upon his appointment, Denham will be responsible for leading
finance and accounting, corporate controllership, business
management, enterprise risk management, and investor relations
functions, as well as administering the internal audit
function.
Hicke said:
"Our financial strength reinforces the foundation from which we
execute our strategic focus on driving growth and delivery for our
clients. Sean leads by example and embodies the values that our
stakeholders expect from us to the same degree as Dennis. I'm
confident our organization and executive leadership team will
benefit from Sean's perspectives and experience, his insights will
resonate with our investor community, and Sean's influence will be
a catalyst for our future growth.
"We expect Dennis will move into an advisory role across SEI,
which could include Board positions, continued support of Sean's
transition, and working closely with me on strategic initiatives. I
want to thank him for his significant and countless contributions
to SEI's culture and success for almost four decades. Dennis' years
of hard work have created a vibrant team with deep institutional
knowledge and set a strong financial and cultural foundation that
will be a platform for a seamless transition of his
responsibilities. He's been a friend, advisor, and colleague to me
and so many. We will benefit from his legacy for years and years to
come."
Denham brings deep experience from advising C-suite executives
at Fortune 500 corporations in connection with their most mission
critical issues in the areas of accounting, audit, advisory
services, risk management, and mergers and acquisitions. He began
his career in audit and M&A with stints at Ernst & Young
and Amper, Politziner & Mattia. For the last 20 years, Denham
has served in various leadership roles at Grant Thornton, most
recently as regional managing partner for the Atlantic Coast,
National Audit growth leader, and the national Special Purpose
Acquisition Company (SPAC) leader. As an Audit partner of the firm,
he served some of Grant Thornton's most prominent clients,
including public and private companies in the professional services
industries.
Commenting on his appointment, Denham said:
"I'm thrilled to join the SEI team at such an exciting and
pivotal time for the company. I believe their unique position at
the center of financial services presents tremendous opportunities
to connect our industry globally in ways that others can't, and the
constant state of change our markets endure will only fuel growth
for the future. I look forward to working alongside the executive
leadership team and talented workforce, leveraging the invaluable
experience I've gained to make an impact in SEI's next
chapter."
Denham formerly served on the CEO Council for Growth, an
initiative of the Philadelphia
Chamber of Commerce dedicated to enhancing economic growth and
prosperity in the region. He also served as a board member and
treasurer for the Greater Philadelphia Alliance for Capital and
Technologies (PACT), as well as a cabinet member of the United Way
of Greater Philadelphia and
Southern New Jersey.
Denham is a Certified Public Accountant and earned a bachelor's
degree in accounting from Lehigh
University.
About SEI®
SEI (NASDAQ:SEIC) delivers
technology and investment solutions that connect the financial
services industry. With capabilities across investment processing,
operations, and asset management, SEI works with corporations,
financial institutions and professionals, and ultra-high-net-worth
families to help drive growth, make confident decisions, and
protect futures. As of Dec. 31, 2023,
SEI manages, advises, or administers approximately $1.4 trillion in assets. For more information,
visit seic.com.
Forward-looking statements
This release contains forward-looking statements within the
meaning or the rules and regulations of the Securities and Exchange
Commission. In some cases you can identify forward-looking
statements by terminology, such as "may," "will," "expect,"
"believe" and "continue" or "appear." Our forward-looking
statements include our current expectations as to:
- the benefits we will receive as a consequence of hiring Mr.
Denham;
- the uniqueness of our position in our industry and the benefits
the benefits we may derive from that;
- the degree to which change in markets will fuel our
growth.
You should not place undue reliance on our forward-looking
statements, as they are based on the current beliefs and
expectations of our management and subject to significant risks and
uncertainties, many of which are beyond our control or are subject
to change. Although we believe the assumptions upon which we base
our forward-looking statements are reasonable, they could be
inaccurate. Some of the risks and important factors that could
cause actual results to differ from those described in our
forward-looking statements can be found in the "Risk Factors"
section of our Annual Report on Form 10-K for the year ended
December 31, 2022, filed with the
Securities and Exchange Commission.
Company Contact:
Leslie
Wojcik
SEI
+1 610-676-4191
lwojcik@seic.com
Media Contact:
Kerry
Mullen
Vested
+1 917-765-8720
kerry@fullyvested.com
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SOURCE SEI