Neuberger Berman Appoints Former KKR Executive Clifford Chiu As Senior Adviser For Asia

Media Contacts:

Alexander Samuelson, 212.476.5392,
Asia, David Bloomfield, 852 3664 8838,

NEW YORK and HONG KONG, July 28, 2014 – Neuberger Berman, one of the world’s leading employee-controlled investment managers, is pleased to announce the appointment of Clifford Chiu, former partner member at KKR & Co., as Senior Adviser to Neuberger Berman Asia, effective immediately.

Mr. Chiu will work across the Asia Pacific region to help Neuberger Berman continue to build its Asian client base. Mr. Chiu recently retired from KKR where, as the partner overseeing the firm’s client business in Asia including Japan, he and his team raised close to US$15 billion in commitments from institutional investors in Greater China, Korea, Japan, Southeast Asia and Australia, for the various KKR private equity funds.

“We are delighted to welcome Clifford to our team in Asia and learn from his vast insights as we continue to expand our presence in this region,” said Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman.

In addition to his leadership of KKR in Asia including Japan, Mr. Chiu served as a managing director responsible for the Asian institutional business with JP Morgan in Hong Kong and Tokyo from 2002-2007, and earlier as managing director and head of Hong Kong investment banking and co-head of Japan investment banking with Citigroup/Salomon Smith Barney in Hong Kong, Tokyo and New York.

Mr. Chiu currently serves as a director of Hsin Chong Construction Group (0404.HK) and Cambium Learning Group (Nasdaq: ABCD), and holds Hong Kong government appointments as a board/committee member at the Financial Services Development Council (FSDC), Hospital Authority's (HA) Tsuen Kwan O Hospital, and West Kowloon Cultural District Authority. Additionally, he serves as a director of the global advisory boards at the University of Chicago Booth School of Business and the University of Pennsylvania's Weingarten Learning Resources Center. Mr. Chiu holds a Bachelor of Science in Economics degree from the University of Pennsylvania, Wharton School of Business, and his Masters of Business Administration from the University of Chicago Booth School of Business.

Neuberger Berman Asia employs more than 120 people and manages assets on behalf of some of the region’s leading sovereign wealth funds, pension funds, insurance companies, private and retail banks.

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, advisors and individuals worldwide. With offices in 17 countries, Neuberger Berman’s team is more than 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 $257 billion in client assets as of June 30, 2014. For more information, please visit our website at

All information is as of June 30, 2014, 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) of the Financial Advisers Act (Chapter 110) (“FAA”) of Singapore. Under the FAA, NB Singapore is exempted from Sections 25, 27 and 36 of the FAA, where its financial advisory service is provided to an accredited or expert investor (as defined in Section 4A of the SFA); 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 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.

The “Neuberger Berman” name and logo are registered service marks of Neuberger Berman Group LLC. © 2014 Neuberger Berman Group LLC. All rights reserved.