Andrew Wilmont Joins Neuberger Berman to Lead High Yield Investments in Europe

Media Contacts:

Alexander Samuelson, 212.476.5392, Alexander.Samuelson@nb.com
Anji Stewart, +44 (0)20 3214 9013, Anji.Stewart@nb.com

NEW YORK and LONDON, April 14, 2014 – Neuberger Berman Group LLC, one of the world’s leading employee-controlled investment managers, today 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.

Mr. Wilmont, a veteran portfolio manager who most recently served as head of European high yield investments at Alcentra Ltd., will 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 caliber,” Ann Benjamin said.

Dik van Lomwel, Head of EMEA and Latin America for Neuberger Berman said: “Andrew’s appointment reflects our commitment to building a complete suite of global non-investment grade solutions for investors. We are thrilled that he has chosen to join Neuberger Berman as his skills will form a strong complement to our existing High Yield offering”.

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, Mr. Wilmont served as head of European high yield strategies at AXA Investment Managers. Earlier, he was a high yield portfolio manager at Pareto Partners, and a high yield credit analyst at New Flag Asset Management. He began his high yield investment career in 1997 at Gulf International Bank. Mr. Wilmont, a Dutch national, has been awarded the Chartered Financial Analyst designation and is a graduate of Vrije Universiteit in Amsterdam.

About Neuberger Berman

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 16 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $242 billion in client assets as of December 31, 2013. For more information, please visit our website at www.nb.com.

All information is as of December 31, 2013, 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 has been issued for use by the following entities; in the U.S. and Canada by Neuberger Berman LLC, a U.S. registered investment advisor and broker-dealer and member FINRA/SIPC; in Europe, Latin America and the Middle East by Neuberger Berman Europe Limited, which is authorised and regulated by the UK Financial Conduct Authority and is registered in England and Wales, Lansdowne House, 57 Berkeley Square, London, W1J 6ER, and is also regulated by the Dubai Financial Services Authority as a Representative Office; in Australia by Neuberger Berman Australia Pty Ltd (ACN 146 033 801, AFS Licence No. 391401), which is licensed and regulated by the Australian Securities and Investments Commission to deal in, and to provide financial product advice for, certain financial products to wholesale clients; in Hong Kong by Neuberger Berman Asia Limited, which is licensed and regulated by the Hong Kong Securities and Futures Commission; in Singapore by Neuberger Berman Singapore Pte. Limited (Company No. 200821844K), which currently carries out the regulated activity of fund management under the Securities and Futures Act (Chapter 289) (“SFA”) and operates as an Exempt Financial Adviser under section 23(1)(d) the Financial Advisers Act (Chapter 110) (“FAA”) of Singapore; in Taiwan to specific professional investors or financial institutions for internal use only by Neuberger Berman Taiwan Limited, which is licensed and regulated by the Financial Services Commission (“FSC”) and a separate entity and independently operated business, with FSC operating license no.:(102) FSC SICE no.011, and address at: 10F, No. 1, Songzhi Road, Taipei, Telephone number: (02) 87268280; and in Japan and Korea by Neuberger Berman East Asia Limited, which is authorized and regulated by the Financial Services Agency of Japan and the Financial Services Commission of Republic of Korea, respectively (please visit http://www.nb.com/japan/risk_eng.html for additional disclosure items required under the Financial Instruments and Exchange Act of Japan). Except for the foregoing, this material is not intended for use or distribution within or aimed at the residents of any other country or jurisdiction. This document is not an advertisement and is not intended for public use or additional distribution in the following jurisdictions: Brunei, Thailand, Malaysia and China.

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