Neuberger Berman has hired 22 emerging markets debt (EMD) investment professionals, 19 of whom have joined the firm from ING Investment Management, where they managed over US$16 billion in EMD assets.

The new group’s capabilities span hard and local currency mandates, as well as EMD corporate bond and dedicated Asian debt strategies. The investment staff of 12 portfolio managers, six credit analysts and four economists and strategists will operate from offices in the US, Europe and Asia, providing dedicated regional expertise and around-the-clock market coverage.

Neuberger Berman’s emerging markets debt group will be led by Rob Drijkoningen, based in The Hague, and Gorky Urquieta, based in Atlanta. Among others joining the firm are five lead portfolio managers: Bart van der Made (The Hague), hard currency; Raoul Luttik (The Hague), local currency; Jennifer Gorgoll (Atlanta) and Nish Popat (The Hague), corporate bonds; and Prashan Singh (Singapore), Asia local bond portfolios. The portfolio managers have an average of 16 years of industry experience.

A spokesman for ING Investment Management could not be reached for comment by press time.

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