SEI said today that it has opened a Singapore office, which will initially offer services aligned with current client demand and market opportunities, including asset servicing, professional services, and the distribution of SEI’s UCITS funds.

As client adoption accelerates, the company expects to expand its regional capabilities, introduce additional locally relevant products, and further expand its enterprise asset management, technology, operations, and professional services offerings across Asia-Pacific.

Connall McGuckian has been named managing director, head of Singapore, responsible for driving growth in Asia Pacific through SEI’s integrated financial technology, operations, and asset management capabilities.

McGuckian joins SEI from State Street Singapore, where he spent 14 years, most recently as chief operating officer for the firm’s alternatives investment solutions in Asia Pacific.

He joined State Street in 2012 following its acquisition of Goldman Sachs Administration Services. Prior to that, he spent nine years at Goldman Sachs, relocating to Singapore in 2011 to establish Goldman Sachs administration services in Asia.

This expansion supports the continued growth and influence of the region’s asset management sector. Assets under management (AUM) at Singapore-based firms grew by 10% from the previous year to reach S$6.7trn last year, according to the Monetary Authority of Singapore, Singapore Asset Management Survey 2025.

US-based SEI provides asset servicing for 48 of the world’s 100 largest asset managers and is one of the top five largest administrators of private assets, according to the company.

Sanjay Sharma, CEO of SEI International and global head of SEI’s private banking business, commented: “Singapore is a critical market for SEI’s growth in Asia Pacific and an important milestone in the evolution of our international business. As part of our international growth strategy, we’re investing in markets where we believe we deliver the greatest value to clients.”

“Singapore’s prominence as a global financial centre, combined with the continued growth of the region’s asset management industry, makes it an ideal location to expand our presence. Clients are increasingly looking for scalable, connected solutions that help them operate more efficiently, navigate complexity, and pursue growth across markets and jurisdictions.”

McGuckian added: “As Asia Pacific financial services firms look to expand across markets and asset classes, they need strategic partners that can help them navigate change, facilitate scale, simplify complexity, and position them for long-term growth.”

“SEI brings the global infrastructure, operational expertise, technology capabilities, and professional services to enable clients to operate more efficiently.”