UK – AEP Energy Services Generation Ltd.’s pension fund has appointed manager of managers SEI Investments to run a 30 million pound (45.4 million euro) global equity mandate.

The mandate accounts for the entire portion of AEP Energy Services' UK subsidiary’s defined benefit pension fund. Commenting on the appointment, Paul Harrop, director of human resources at AEP Energy Services said: “We considered all the various options available for the management of our UK pension plan and found the concept of outsourcing the selection and monitoring of fund managers attractive.”

SEI also announced today the appointment of Alan Lauder as head on institutional distribution. In the newly created role Lauder will be responsible for the development and management of SEI’s institutional distribution partnerships. He will report to Patrick Disney, managing director and head of institutional business who says explains the recruitment of lauder as a move to build on business in the institutional markets and develop distribution arrangements in the UK.

Previously Lauder headed up SEI’s South African office, where he has been replaced by Rudolf Schmidt, former head of international equity sales and strategy at CLSA.

SEI Investments administers 241 billion dollars in mutual fund and pooled assets, manages 78 billion dollars in assets and processes almost 50 trillion dollars of investment transactions annually.


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