Benzinga | Feb 8, 2021 09:04AM EST

SEI Reports Expansion Of Strategic Partnership With Association of Governing Boards of Universities and Colleges

SEI (NASDAQ:SEIC), a leading provider of outsourced chief investment officer (OCIO) services, today announced the expansion of its strategic partnership to the Sustaining Champion level with the Association of Governing Boards of Universities and Colleges (AGB). The two organizations have also agreed to produce and release a joint study this year that will be designed to provide valuable investment and governance-related research to the higher education boards that make up AGB's membership. SEI has been a strategic partner with AGB since 2013.

"SEI's ongoing commitment to supporting our higher education clients by best understanding their needs and challenges remains a priority, and our strategic partnership with AGB is a validation of that," said Roger Messina, Managing Director of SEI's North American Institutional Client Service Team. "We look forward to continuing to support AGB's mission in helping boards maximize their governance practices and being the most effective stewards possible."

SEI's expanded strategic partnership with AGB comes at a time of significant change for the higher education sector, where clients and members can benefit from access to an expanded network of industry experts and resources.

AGB is an organization that aims to strengthen higher education governing boards and the strategic roles they serve within their institutions and foundations. The organization consists of 40,000 members, representing more than 2,000 institution, system and foundation boards.

SEI provides investment management services to more than 460 global institutional investors, including over 175 nonprofit organizations, representing $32 billion in assets.* SEI works with more than 40 higher education institutions in managing their endowments.*

"AGB is focused on empowering board members to serve as strategic thought partners with leaders of institutions and foundations, and our strategic partnership with SEI serves as a force multiplier to inform our members to make better, more well-informed decisions," said Henry Stoever, President and CEO of AGB. "We sincerely appreciate SEI's strategic partnership with AGB to help board members oversee student success and long-term institutional and foundation vitality."