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July 04, 2015 10:23 AM ET

Capital Markets

Company Overview of Neuberger Berman Group LLC

Company Overview

Neuberger Berman Group LLC is an employee owned asset management holding firm. Through its subsidiaries, the firm provides portfolio management, fund management, tax and financial planning, fiduciary services, financial advocacy, and trust services to its clients. Neuberger Berman Group LLC was founded in 1939 and is based in New York, New York with additional offices in Chicago, Illinois; Melbourne, Australia; Hong Kong; Tokyo, Japan; Seoul, Korea; Shanghai, Peoples Republic of China; Singapore; Frankfurt am Main, Germany; Milan, Italy; Amsterdam, Netherlands; Zurich, Switzerland; London, United Kingdom; and CABA, Argentina.

605 Third Avenue

41st Floor

New York, NY 10158

United States

Founded in 1939

Phone:

212-476-9000

Fax:

212-476-9890

Key Executives for Neuberger Berman Group LLC

Chief Executive Officer and Chairman
President, Chief Investment Officer, Portfolio Manager, and Director
Age: 53
Chief Financial Officer
Age: 51
Chief Operating Officer
Vice Chairman of the Board, Managing Director - Neuberger Berman LLC and senior portfolio manager - Neuberger Berman LLC
Age: 73
Compensation as of Fiscal Year 2015.

Neuberger Berman Group LLC Key Developments

Neuberger Berman Announces the Launch of Neuberger Berman Municipal High Income Fund

Neuberger Berman announced the launch of its Neuberger Berman Municipal High Income Fund, offering investors a strategy that may serve as a complement to holdings in investment grade municipals and taxable high yield. Against a backdrop of aging populations globally, continued easy money bias by central banks, and deflation threats, Neuberger Berman's Municipal Bond Group believes the trend to low interest rates will persist, supporting the case for the new fund. Additionally, the team concludes, in its view: The value of the municipal bond tax-exemption has increased significantly as a result of the expiration of tax cuts in 2013. It is possible that taxes may move even higher in coming years, as politicians avoid entitlement reform. Demand for high yielding, tax-efficient investments should grow, especially among baby boomers who may have difficulty achieving their income objectives in high quality fixed income. Municipal bonds have lower historical default rates than similarly rated taxable bonds. Adding municipal higher yielding investments to a traditional investment grade municipal allocation can enhance return potential. The fund's experienced management team includes Jamie Iselin, head of Neuberger Berman's Municipal Fixed Income Group, co-managers Blake Miller and Eric Pelio, six research analysts and two traders.

Neuberger Berman Appoints Former Central Banker Kent Chen to Lead Asia Private Equity Efforts

Neuberger Berman announced the appointment of Kent Chen as Managing Director and leader of the firm's private equity efforts in the Asia Pacific region. In this newly-created role based in Hong Kong, Mr. Chen will advise local clients and lead the firm's regional efforts investing in global private equity across a wide spectrum of strategies. Mr. Chenjoins Neuberger Berman from the Hong Kong Monetary Authority (HKMA) after 17 years of central banking career in various positions including Deputy Chief Representative of the HKMA's New York Office and Advisor to the Executive Director for China at the International Monetary Fund in Washington D.C. From 2008, Mr. Chen helped to establish the HKMA's private equity program, comprising of global buyout, Asiaprivate equity and global energy investments.

Intesa Sanpaolo To Reportedly Sell Its Private Equity Business To Neuberger Berman

Intesa Sanpaolo S.p.A. (BIT:ISP) is close to signing an agreement to sell it private equity business to Neuberger Berman Group LLC for €100 million, Radiocor reported. The signing of the agreement, under which ISP would spin off its private equity activities to reinvest part of the proceeds afterwards, is expected in the coming days, according to the report. Neuberger Berman is about to acquire Intesa Sanpaolo’s assets in a number of funds including Clessidra, Carlyle, Apax and Cinven, giving birth in concert with the bank to a new fund named Nb Renaissance Partners.

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