Neuberger Berman Ranked Number One for “Best Place to Work in Money Management” by Pensions & Investments

Media Contacts:

Alexander Samuelson, 212 476 5392, Alexander.Samuelson@NB.com

New York, December 12, 2016 — Neuberger Berman, a private, independent, employee-owned investment manager, is honored to be named as the top ranked firm among those with 1,000 employees or more in the 2016 “Best Places to Work in Money Management” survey by Pensions & Investments, the global news source of money management. The results are 75% based on employee responses, which this year highlighted the firm’s culture, transparency of leadership and honest communication, among other strengths.

This is the fourth consecutive year that Neuberger Berman has been among the winning firms in this same category. Neuberger Berman was ranked second in the 2015 and 2014 surveys and third in the 2013 survey. Fifty companies in total were named to Pensions & Investments “Best Places to Work in Money Management” list for 2016.

George Walker, Neuberger Berman Chairman and Chief Executive Officer, commented: “We are a private, employee-owned firm. Employees have created a remarkable client-centric culture over the past 77 years. We work hard to improve employee engagement, enablement and retention, while focusing incentives on long-term investment results. Delivering for clients enables us to deliver for employees. Our mission is clear. We are gratified by this recognition.”

Pensions & Investments partnered with Best Companies Group, an independent research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.

The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. That part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. That part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.

P&I Editor Amy B. Resnick said of the entire survey, “Employees at these top-ranked firms most often cited their colleagues, the firm’s culture and the benefits as the things that make it a great place to work.”

For a complete list of the 2016 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2016.

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman’s team is approximately 1,900 professionals and the company was named by Pensions & Investments as a Best Place to Work in Money Management for four consecutive years. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $255 billion in client assets as of September 30, 2016. For more information, please visit our website at www.nb.com.

About Pensions & Investments

Pensions & Investments, owned by Crain Communications Inc., is the global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com.

All information is as of September 30, 2016 unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC. Firm history dates back to the 1939 founding of Neuberger & Berman (the predecessor to Neuberger Berman LLC).

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.

The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC.

© 2016 Neuberger Berman Group LLC. All rights reserved.