UK – US-based asset manager SEI Investments has hired an executive from Swiss private bank Lombard Odier Darier Hentsch as its new head of UK institutional sales.

SEI said in a statement that it has named Paul Osborne as its UK institutional sales director, reporting to Patrick Disney, the head of institutional business development.

He joins from Lombard Odier, where he was head of UK marketing and client relations.

Disney said: “The decision to expand the institutional sales team is a direct reflection of their success in winning new business over the last 12 months. We know that adding Paul to the team will build on that success.”

The Oaks, Pennsylvania-based asset management and technology company manages 78 billion dollars in assets. Its 2002 revenues declined to 620.8 million dollars from 658.0 million dollars. And net income rose to 140.5 million dollars from 124.9 million dollars.

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