SEI introduces new addition to its executive management team
SEI has announced the appointment of Michael Lane as executive vice president and head of asset management, effective September 16, 2024. Lane will report directly to CEO Ryan Hicke and will join the executive management team.
In his new role, Lane will lead the company’s advisor and institutional businesses in North America and oversee SEI’s global investment management teams. He will be responsible for guiding the business and growth strategy of SEI’s Advisor business, which has relationships with approximately 2,300 advisors and $100.9 billion in total platform assets. Additionally, Lane will manage SEI’s Institutional business, which includes relationships with 530 institutional investor clients, with more than 425 utilizing SEI’s Outsourced Chief Investment Officer (OCIO) solution. He will also oversee a 125-person investment management team that manages $188.3 billion in assets.
Lane brings 35 years of industry experience, having most recently served as head of iShares U.S. Wealth Advisory at BlackRock, according to a news release. At BlackRock, he was responsible for revenue growth, client expansion, solution development, implementation, and due diligence across multiple products and asset classes. Prior to his tenure at BlackRock, Lane held various leadership roles at Dimensional Fund Advisors, including global head of strategic retirement initiatives and CEO of Dimensional SmartNest LLC, which offers managed account solutions for defined contribution plans. Lane’s career also includes leadership positions at TIAA-CREF, AEGON Financial Services Group, and Dreyfus, among others.
Hicke emphasized the strategic importance of Lane’s appointment. “Our focus is on growth and expansion. From shifting investment product
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