SEI, a global provider of outsourced asset management, announced on Wednesday the appointment of five new team members to its Canadian Private Banks segment as the company continues to expand its Canadian operations.

Among the new team members is Janesse McPhillips, managing director of SEI’s Private Banks segment, responsible for strategic direction and relationship management of all SEI distribution partners in Canada.

This expansion will support SEI’s emphasis on product innovation, thought leadership, and education in the Canadian market, the company said.

“2010 will be an important year for SEI in Canada — and we now have the people, the priorities, and the plan in place to lead and thrive in this vibrant and key market,” said Jim Morris, senior vice president, SEI’s Private Banks segment.

“The addition of Janesse McPhillips, who brings strong relationship building and strategic capabilities to our senior management team, will further contribute to SEI’s long-term plan for asset growth in Canada.”

Commented McPhillips: “I look forward to working with the SEI team and continuing to demonstrate SEI’s leadership by bringing the best of our global thinking in the form of innovative product solutions and advisor services to the Canadian marketplace.”

McPhillips comes to SEI after nearly two decades with BMO Nesbitt Burns, where she worked with investment advisors and had exposure to both the corporate and retail advisory businesses.

The other new appointments enhance the segment’s sales and marketing efforts, and areas of the business, SEI said.

IE