EUROPE – US-based asset manager SEI Investments has named Karl Dasher as its new Continental Europe managing director.

He was formerly joint-MD of the firm’s French operation alongside Patrick Serre. Serre will continue as sole MD for France.

Dasher will focus on the institutional market and on establishing partnerships with select private banks, wealth managers and IFA networks, SEI said in a statement.

Dasher said: “Our goal is to develop in-market competencies that will allow us to customize investment programs and marketing solutions for our clients and partners in each unique market segment.”

He added that “recent conversations with prospects” in the region have highlighted the need for better risk control as well as technology-led solutions.

Oaks, Pennsylvania-based SEI manages around 78 billion dollars in assets