SEI opens Singapore office, names former State Street executive as head

SEI (NASDAQ: SEIC) announced the opening of a Singapore office on Sept. 30, 2026, marking the company's entry into the Asia-Pacific market as part of its international growth strategy.

The office will initially offer asset servicing, professional services, and distribution of SEI's UCITS funds, according to a press release from the company. SEI said it plans to expand its regional capabilities and product offerings as client adoption grows.

Connall McGuckian has been appointed Managing Director and Head of Singapore, responsible for driving growth across the Asia-Pacific region. McGuckian joins SEI from State Street Singapore, where he spent nearly 14 years, most recently as Chief Operating Officer for Alternatives Investment Solutions in Asia-Pacific. Prior to State Street, he spent nine years at Goldman Sachs, relocating to Singapore in 2011 to establish Goldman Sachs Administration Services in Asia.

Singapore-based asset managers recorded S$6.7 trillion in assets under management in 2025, a 10% increase from the prior year, according to the Monetary Authority of Singapore's Singapore Asset Management Survey 2025. More than three-fifths of that AUM was sourced outside Singapore, with 88% invested globally.

SEI states it provides asset servicing for 48 of the world's 100 largest asset managers, based on Pensions & Investments' "Largest Money Managers" 2025 ranking as of June 30, 2026. The company also claims a top-five position among administrators of private assets globally, according to Preqin's Private Assets Fund Administrator rankings from January 2026.

As of June 30, 2026, SEI manages, advises, or administers approximately $2.1 trillion in assets.

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