SEI Taps Paul Lehman to Drive Bank Distribution for $1.8T Asset Manager
SEI has appointed Paul Lehman, CFA, as Head of Bank Asset Management Distribution reporting to Michael Lane, tasking him with expanding investment sales and partnerships across national, regional and community banks plus affiliated wealth and trust firms. SEI manages approximately $1.8 trillion in assets as of Sept. 30, 2025.
1. SEI Strengthens Bank Asset Management Distribution Leadership
SEI has appointed Paul Lehman, CFA, as Head of Bank Asset Management Distribution, reporting to Michael Lane, Head of SEI's Asset Management business. Lehman joins with over 30 years of experience leading bank trust and wealth organizations, most recently as Head of the Bank Trust Group at Dimensional Fund Advisors. At SEI, he will oversee investment sales and partnership development across national, regional and community banks, affiliated wealth organizations and independent trust companies, aiming to deepen relationships with existing clients and expand SEI’s presence in the banking channel.
2. Strategic Focus on Integrated Investment Solutions
In his new role, Lehman will collaborate with SEI’s investment product development teams and enterprise leadership to deliver coordinated investment solutions that align with evolving bank business models and regulatory frameworks. SEI emphasizes its ability to integrate public and private individual solutions, outsourced CIO and co-CIO offerings within its technology platform, addressing banks’ demands for streamlined, comprehensive investment services with fewer external partners.
3. Leadership Vision and Market Implications
Michael Lane highlighted that as banks seek to differentiate their wealth and trust platforms, SEI’s advanced capabilities and unified technology infrastructure position the firm to capture growing demand. Lehman’s background — including senior roles at First Citizens Bank as Chief Investment Officer and Head of Capital Management — equips him to drive strategic distribution initiatives. Investors may view this leadership appointment as a reinforcement of SEI’s commitment to expanding its asset management footprint within the banking sector.
4. SEI’s Scale and Growth Prospects
As of September 30, 2025, SEI manages, advises or administers approximately $1.8 trillion in assets, offering financial technology, operations and asset management services across the industry. The firm’s broad suite of wealth, trust and outsourced investment solutions, combined with its distribution expansion under Lehman’s guidance, underscores SEI’s ongoing strategy to capture a larger share of bank-driven asset management flows and fuel future revenue growth.