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
Insignia Financial is targeting its salaried financial advisers increase their revenue per adviser by 62.5 per cent over the next five years.
AWAG and Teaminvest Private Group have teamed up to offer a succession lending fund to help advice principals navigate succession planning and enjoy their retirement.
LGT Crestone chief executive Michael Chisholm believes the firm was chosen to acquire Commonwealth Bank’s personal advice arm due to its strong private market capability.
Advisers will now be able to tap into global markets on the platform through international signature managed accounts from global managers like T. Rowe Price and Lazard.