Private equity firms
Joe Amato, head of Neuberger Berman, said: The portfolio managers across equities, fixed income and alternatives are all energized by the opportunity to reinforce and enhance our already high standards of investment performance and client service, combined with the opportunity to re-establish a direct ownership basis in the business.
Amato will retain his position but George Walker, formerly global head of investment management at
We look forward to working with the portfolio managers and management team to grow the business globally and expand the array of products and services offered to clients, said Phil Loughlin, managing director at Bain.
Allen Thorpe, managing director of Hellman & Friedman, added: This is a special firm. Each of its businessesNeuberger Berman equity as well as the fixed income, quantitative and private funds investment groupshas a strong individual performance record. We have also been impressed by their proven ability to work together through first-rate client professionals to design and implement comprehensive solutions for large, sophisticated clients.