Neuberger Berman has hired Marvin Demoff as the managing director of its asset management group that handles investments for professional athletes.

Demoff, a sports attorney who has represented star football, basketball and tennis players, will join Neuberger Berman's Private Asset Management Sports Group this month after leaving Mitchell, Silberberg & Knupp, LLP. Demoff will actively recruit new clients and market Neuberger's wealth products and services, a company representative said. The firm's money management talent "will be highly attractive," to his existing clients, Demoff said, in a statement.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.