Neuberger Berman Group LLC, a New York-based asset manager that oversees $216 billion, said it hired 22 people to manage emerging-market debt, including 19 from ING Investment Management Co.
Neuberger’s emerging-market debt group will be led by Rob Drijkoningen, who will be based in The Hague, and Gorky Urquieta in Atlanta. The group will manage currencies, corporate bonds and Asian debt strategies, Neuberger said today in an e-mailed statement. The former team at ING Investment Management oversaw $16 billion in emerging-market debt assets.
“These experienced portfolio managers have a long and successful history of delivering performance for clients,” George Walker, chief executive officer of Neuberger Berman, said in the statement.
Neuberger Berman, founded in 1939, has about $97 billion of its assets in fixed-income. Neuberger Berman is majority-owned by its employees and is in the process of buying out the remaining stake in the firm held by Lehman Brothers Holdings Inc.
To contact the reporter on this story: Charles Stein in Boston at email@example.com
To contact the editor on this story: Christian Baumgaertel at firstname.lastname@example.org