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Tuesday, June 18, 2002

And So It Begins

by: Tony Pennino

Following the guilty verdict against Arthur Andersen, it was only a matter of time before its remaining clients hit the road. SEI Investments is one of the first to do so.

"Actually, we made the decision last week before we heard the verdict on Saturday," a spokesperson with the firm told the MutualFundWire.com.

SEI has tapped PricewaterhouseCoopers to replace Andersen. "They have a great deal of experience working with financial services companies, even more than Andersen does," the official added. Arthur Andersen had been SEI's accountant for 30 years. 

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