SEI opened a new office in Singapore as part of its international growth strategy, expanding its presence into one of Asia-Pacific’s major financial centers.
The company will initially offer asset servicing, professional services, and distribution of its UCITS funds in the market.
As adoption grows, SEI plans to expand its regional capabilities with additional locally relevant products and broader enterprise asset management, technology, operations, and professional services offerings across Asia-Pacific.
The expansion comes as Singapore’s asset management sector continues to grow.
Assets under management at Singapore-based firms increased 10% year-over-year to S$6.7 trillion in 2025, according to data cited by SEI.
Singapore-based asset managers also maintain a global orientation, with more than three-fifths of AUM sourced from outside Singapore and 88% invested globally.
SEI said the new office will strengthen its ability to support global clients with existing operations in Asia as well as companies pursuing broader regional growth.
The company currently provides asset servicing for 48 of the world’s 100 largest asset managers and ranks among the five largest administrators of private assets globally.
SEI manages, advises, or administers approximately $2.1 trillion in assets as of June 30, 2026.
The Singapore launch also follows continued momentum across SEI’s technology, operations, and investment businesses.
Connall McGuckian has been named Managing Director and Head of Singapore.
He will be responsible for driving growth across Asia-Pacific by bringing together SEI’s financial technology, operational, and asset management capabilities.
McGuckian joins SEI from State Street Singapore, where he spent nearly 14 years.
Most recently, he served as Chief Operating Officer for State Street’s Alternatives Investment Solutions business in Asia-Pacific.
He joined State Street in 2012 following its acquisition of Goldman Sachs Administration Services.
Before that, McGuckian spent nine years at Goldman Sachs and relocated to Singapore in 2011 to establish Goldman Sachs Administration Services in Asia.
His background gives SEI additional regional experience as the company builds relationships with asset managers, financial institutions, and other clients across Singapore and the broader Asia-Pacific market.
SEI said Singapore’s role as a global financial center, combined with the continued expansion of the region’s asset management industry, makes the market an important part of the company’s international strategy.
The company plans to use the office as a platform for both serving existing global clients and developing new relationships across the region.
KEY QUOTES:
“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 center, 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. Connall’s leadership and deep industry experience will be instrumental as we align SEI’s capabilities with the evolving needs of clients in Singapore and across the broader Asia-Pacific region.”
Sanjay Sharma, CEO of SEI International and Global Head of SEI’s Private Banking Business
“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. Establishing a presence in Singapore allows SEI to tap into exceptional local talent while supporting the continued growth and evolution of Asia’s asset management industry. I look forward to growing SEI’s client base and bringing the strength of its global platform to clients across the region.”
Connall McGuckian, Managing Director and Head of Singapore at SEI
