Neuberger Berman Appoints Former McKinsey Partner Céline Dufétel as Head of Client Service

Media Contact:

Alexander Samuelson, 212.476.5392, Alexander.Samuelson@nb.com

New York, November 10, 2014 — Neuberger Berman Group LLC, one of the world’s leading employee-controlled investment managers, is pleased to announce the appointment of investment management expert Céline Dufétel as its new head of client service, effective immediately.

Ms. Dufétel joins Neuberger Berman from management consultant McKinsey & Company, where she was a partner and served as leader of the North American Asset Management Practice. She has deep expertise across the asset management arena, including the institutional, wealth management and retirement channels, and has led teams across a broad range of strategy, distribution, organization and operations engagements. Ms. Dufétel earned her Master of Science in Finance from Princeton University and a Bachelor of Science and Master of Science in Applied Mathematics and Economics from École Polytechnique in Paris. She was also an officer in the French Navy. She is currently a member of the Board of Directors for CityHarvest, a non-profit organization committed to ending hunger in communities throughout New York City.

Ms. Dufétel, who will report to Chief Operating Officer and Global Head of Distribution Andrew Komaroff, succeeds Lori Holland, who has taken a senior position on Neuberger Berman’s Multi-Asset Class (MAC) team. Over the past year, the firm has made a significant investment in enhancing its MAC team, including the appointment of Erik Knutzen as Multi-Asset Class Chief Investment Officer in May 2014, and Ms. Holland’s transition to this group underscores its strategic importance.

“Our client franchise has grown considerably over the past five years as we expanded existing relationships across asset classes and added new ones supported by our significant investment in our client coverage team globally. Celine will lead our efforts to ensure we both continue to anticipate the evolving requirements of our diverse client base and elevate the bar for industry-leading service,” said Mr. Komaroff.

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 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 $247 billion in client assets as of September 30, 2014. For more information, please visit our website at www.nb.com.

All information is as of September 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).

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