Neuberger Berman expands global high yield team with new hire

Neuberger Berman Group said Monday that it has hired Andrew Wilmont as a senior member of its global high yield team. Previously, Wilmont, who is based in London, worked at Alcentra Ltd, where he headed European high yield investments.

PRESS RELEASE

NEW YORK and LONDON, April 14, 2014 /PRNewswire/ — 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.
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