Neuberger Berman has hired Kent Chen as managing director and leader of the firm’s private equity efforts in the Asia Pacific region. Previously, Chen worked at Hong Kong Monetary Authority where his positions included deputy chief representative of the company’s New York office and advisor to the executive director for China at the International Monetary Fund in Washington, D.C.
NEW YORK and HONG KONG, May 13, 2015 /PRNewswire/ — Neuberger Berman, one of the world’s leading employee-owned investment managers, today announced the appointment of Kent Chen as Managing Director and leader of the firm’s private equity efforts in the Asia Pacific region.
In this newly-created role based in Hong Kong, Mr. Chen will advise local clients and lead the firm’s regional efforts investing in global private equity across a wide spectrum of strategies.
Mr. Chen joins Neuberger Berman from the Hong Kong Monetary Authority (HKMA) after 17 years of central banking career in various positions including Deputy Chief Representative of the HKMA’s New York Office and Advisor to the Executive Director for China at the International Monetary Fund in Washington D.C. From 2008, Mr. Chen helped to establish the HKMA’s private equity program, comprising of global buyout, Asia private equity and global energy investments.
Before joining the HKMA in 1998, Mr. Chen was Head of China Research at Daiwa Securities in Hong Kong covering the Chinese stocks market with a focus on infrastructure, energy and power equipment stocks.
Mr. Chen has been awarded the Chartered Financial Analyst designation and earned a Master of Public Administration from Columbia University, Master of Business Administration from University of Hull and Bachelor of Science in Economics from University of London.
Nick Hoar, Head of Asia Pacific, commented: “Kent brings to Neuberger Berman over two decades of investment and central banking experience. His skills will be invaluable as we strengthen our services, solutions and support to our clients in the Asia Pacific region who are increasing exposure to alternative asset classes, especially private equity.”
“With his extensive experience in global private equity, Kent is an excellent addition to the Neuberger Berman private equity business,” said Anthony Tutrone, Global Head of Alternatives. “We believe Kent’s appointment will enable us to deepen our presence in the Asia Pacific region and broaden the scope of our private equity capabilities globally.”
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 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 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 $251 billion in client assets as of March 31, 2015. For more information, please visit our website at www.nb.com.