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SEI Investments (NASDAQ:SEIC), the global provider of asset management, outsourced processing solutions, and integrated investment technology solutions for investment management organizations, announced today that it has hired Frank Sidoti from State Street Bank to be head of Mutual Fund Operations.
"We are delighted to have Frank Sidoti join our organization," stated Steve Meyer, head of the SEI's Investment Manager Business. "He brings a depth of experience and a breadth of capability to mutual fund administration that we believe are unparalleled in the industry and will help bring continual improvements to our service offering."
Mr. Sidoti will be responsible for all activities related to mutual fund accounting, fund administration, and institutional transfer agency servicing. He was previously with State Street Bank for 15 years, most recently as Senior Vice President & Senior Business Department Head. He had responsibility for approximately 300 funds and $200 billion in assets managed by 25 bank and investment management clients, including Vanguard, Federated and Alliance.