SEI Investments has named Rich Carr as director of US equity manager research.
He has been at SEI for more than five years, and previously served as a senior analyst at the firm, according to his LinkedIn profile.
His promotion comes as SEI reorganizes the equity side of its manager research team following the departure of its previous director of equity manager research, earlier this year.
Brad Mook previously served as director of equity manager due diligence and selection at SEI. He left the firm in March to join Rosemont Investment Group as a managing director and head of due diligence, financial modeling and research.
According to Stephen Beinhacker, managing director of SEI’s manager research team, that role will now be split into US and non-US equity research, with Carr taking the former spot.
Beinhacker said the group is still searching for a director of non-US equity manager research, and is considering both internal and external candidates.
There are about 20 people on the manager research team who report to Beinhacker. Five, including Carr, cover US equity, while nine analysts cover non-US equity and the remaining individuals cover fixed income.
In June, Ryan Weatherholtz joined the firm as a research analyst covering international and emerging markets equity. He previously worked at BNY Mellon Investment Management.
To learn more about how Beinhacker selects subadvisors, click here.