Neuberger Berman makes key appointment
US-based employee-controlled investment manager Neuberger Berman Group has announced the expansion of its global high-yield team with the appointment of Andrew Wilmont as lead European high-yield portfolio manager, based in London.
The company said that Wilmont, a veteran portfolio manager who most recently served as head of European high-yield investments at Alcentra, would be a senior member of Neuberger Berman's global high-yield team, reporting to Ann Benjamin, the firm's chief investment officer for non-investment grade strategies.
"High yield has matured into a global asset class and we're delighted to expand our investment capabilities and the range of strategies Neuberger Berman offers to clients with an investor of Andrew's calibre," Benjamin said.
Neuberger Berman plans to introduce a European High Yield strategy as part of the firm's growing non-investment grade platform, which includes the Neuberger Berman Full Market High Yield, Short Duration High Yield, Bank Loans and Distressed Debt strategies.
Adding European High Yield expands the firm's capabilities in global credit and allows managers to add the asset class opportunistically to other credit mandates.
Before his work at Alcentra, Wilmont served as head of European high yield strategies at AXA Investment Managers.
Recommended for you
Those mid-sized licensees with 16–50 authorised representatives are experiencing a blind spot, according to compliance firm Assured Support, and ASIC could develop specific supervision models for licensees of this size.
ASIC has cancelled the AFSL of a Sydney asset and investment manager following a payment by the Compensation Scheme of Last Resort.
With the rise of alternatives, Praemium has found high-net-worth investors are turning to financial advisers for help weighing up the various options.
Financial advisers in private wealth management companies are one of the most in-demand roles for this recruitment firm, sparking broader conversations about how to retain such talent once it is secured.
