SEI launches engagement service for European clients
10 June 2009
Written by Sophie Baker
UK and European clients will now benefit from new corporate
governance, social and environmental engagement service from fiduciary
management provider SEI, in association with F&C Management Limited,
for its Dublin-registered equity funds.
The service, SEI said, highlights the organisation’s position as
the only fiduciary manager in Europe to incorporate engagement for manager-of-managers
funds.
F&C’s Responsible Engagement Overlay service, which provides
dialogue with companies on corporate governance, social and environmental
issues, will be used, and engagement will take place with corporations
whose stock is prominently held within the SEI Equity Funds.
Patrick Disney, managing director of SEI’s Institutional Business
for EMEA, commented: “We are very pleased to announce the addition
of this important service to our Fiduciary Management offering in the
UK. At SEI we believe that a key part of our duties as a Fiduciary Manager
involves the ability to offer an appropriate level of governance covering
environmental, social and corporate governance issues. We appointed F&C
because of the depth and breadth of their engagement process and the fact
that they are widely recognised as Europe’s oldest, largest and
most innovative SRI specialist. We were attracted to an engagement process
because it allows for improved governance without compromising the choice
of our managers or their stock selection in any way.”
