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SEI appoints Managing Director of Global Fund Services

SEI has appointed Barry O'Rourke as Managing Director of its Dublin-based fund accounting, fund administration and shareholder services business.

O'Rourke joins the company from HSBC Alternative Fund Services (formerly Bank of Bermuda) where he was Director and Head of Alternative Fund Administration for their Irish based Securities Services business. During 10 years in that role, he was directly responsible for successfully setting up the alternative investments division in Dublin. Prior to joining HSBC, O'Rourke spent five years at Bank of Bermuda in Luxembourg.

"We are delighted to welcome Barry to our Global Fund Services business in Dublin." says Steve Meyer, head of SEI's Investment Manager Services business. "Barry's considerable experience within the Irish Fund Administration industry will prove invaluable in his new role as Managing Director and we are confident that under his leadership the business will continue to grow significantly. We aim to provide our clients with a foundation of quality fund accounting and administration services, allowing them to focus on managing and growing their business. We have experienced considerable success in Dublin over the last ten years and look forward to having Barry share in our continued success."

SEI's Dublin-based Global Fund Services business was established in November 1995 and has witnessed considerable growth over the last ten years. Overall, SEI services over 600 alternative funds with approximately EUR 59 (USD 70) billion in assets.

Background notes: SEI is a leading global provider of asset management services and investment technology solutions. As of the period ending September 30, 2005, through subsidiaries and partnerships in which it has a significant interest, SEI administers USD 321.7 billion in mutual fund and pooled assets, manages USD 138.5 billion in assets, and operates 22 offices in 12 countries. 

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