Office address: 1290 Avenue of the Americas, New York, NY 10104
Website: nb.com
Year established: 1939
Company type: financial services
Employees: 2,900+
Expertise: equities, fixed income, private equity, private credit, hedge funds, real estate, multi-asset strategies, specialty alternatives, infrastructure, capital solutions, insurance-linked strategies, wealth management
Parent company: N/A
Key people: George Walker (CEO); Anne Brennan (CFO); Joseph Amato (president); Ashok Bhatia, Erik Knutzen, and Jeff Blazek (chief investment officers); Andrew Komaroff (COO)
Financing status: employee-owned company
Neuberger Berman (NB) is a private, independent, and employee-owned investment manager based in New York City. The firm oversees equities, fixed income, and private funds for institutions and individuals globally. It employs about 2,900 people across 39 cities worldwide and manages $558 billion in client assets as of 2025.
Neuberger Berman was established in 1939 by Roy Neuberger and Robert Berman, with the aim of delivering long-term results. They launched one of the first no-load mutual funds in 1950 to help individual investors.
The team added fixed income and private equity capabilities to its platform in 1981. New teams for real estate and trust services joined as the company expanded its reach.
Lehman Brothers acquired the firm in 2003 and made it part of its investment division. The parent company collapsed in 2008 due to the global financial crisis.
Employees bought the firm back in 2009 to regain their independence and control. This management buyout turned the company into a private and employee-owned investment manager.
The newly independent firm launched liquid alternative funds and minority ownership stakes in 2011. Teams for private credit and emerging markets debt joined the platform in 2013.
The company acquired Almanac Realty Investors in 2020 to strengthen its real estate offerings. These moves helped the firm manage assets for clients across global markets today.
Building on its legacy of strategic partnerships, the company provided a fresh shot of capital to Mariner Wealth Advisors in 2024. Neuberger Berman’s minority investment accelerates Mariner’s expansion plans while keeping the latter majority-owned by its CEO.
NB’s wealth management teams also performed well in 2025 as four of them were recognized by InvestmentNews. These groups earned spots on the list of 5-Star Wealth Management Teams for their service to clients. This award highlights the ability of the firm to adapt during a time of market volatility.
NB uses deep research and data science to deliver diverse investment solutions. Some of these offerings include:
The firm’s NB Private Wealth also provides dedicated services for high-net-worth families. The division offers retirement planning and access to alternative investments.
Neuberger Berman states its culture relies on fundamental research and idea exchange. The firm also says its employee-owned structure aligns with client interests. To supplement this, NB lists these commitments:
Internal networks and partnerships at Neuberger Berman seek to foster a connected environment where diverse perspectives thrive. The company states that this inclusive culture strengthens the team’s ability to deliver superior results for clients.
George H. Walker has led Neuberger Berman as chair and CEO for almost two decades. Before NB, he spent 14 years at Goldman Sachs, where he became a partner. Walker graduated from the University of Pennsylvania with a BA, BS, and MBA.
Neuberger Berman’s executive team includes seasoned leaders from across the financial industry:
These leaders guide the firm without pressure from external shareholders or parent companies. NB’s employee-owned structure empowers the team to focus solely on long-term client results.
In 2025, Neuberger Berman introduced a long-short strategy to its CDI platform to assist investors with tax planning. The new offering serves endowments and high-net-worth clients who need to manage liabilities while pursuing growth. This expansion of the $6.6 billion platform prepares the firm to support portfolios as tax regulations continue to change.
In other market developments, the global hunt for yield has brought risky sovereign borrowers back to debt markets. NB’s emerging-market debt co-head Gorky Urquieta believes Argentina is positioned to issue new bonds soon. He notes that a successful sale would lower country risk and signal a return to normal market access. This focus on global economic shifts reflects Neuberger Berman’s strategy to navigate industry changes and secure its future in a complex market environment.
Seeking to enlarge its footprint in the small- and midmarket-retirement-plan area, Neuberger Berman LLC has brought on a trio of wholesalers
After the financial markets see-sawed through several distinct phases for much of 2010, investors gradually regained confidence late in the year and stocks rallied as mixed economic indicators became more positive.
Neuberger Berman minds client relationships with newly hired trio of defined-contribution wholesalers; asset gathering to come.
Gold retained its luster, pipelines flowed and real estate provided a strong foundation for leading equity managers during the 12-month period ended Sept. 30, according to the Morningstar database
High-yield strategies continued to lead the top fixed-income strategies for the one-year period ended Sept. 30, according to Morningstar Inc.'s separate-account/collective-investment-trust database, though their dominance of late has waned
Modern Bank NA, a lender to the wealthy where former football quarterback Joe Montana is vice chairman, hired Citigroup Inc. veteran Damian Kozlowski to lead a turnaround after almost $30 million of losses in five years.
Although it may be one of the less glamorous parts of the JPMorgan Chase & Co. empire, the bank's J.P. Morgan Clearing Corp. subsidiary has done something exciting in the area of technology.
Bond returns are exceeding stock gains by the widest margin in nine years as optimism that greeted the year evaporates and investors around the world question the strength of the economic recovery.
The deal adds about 100 Ridge clients to Penson's base of 297 brokerage firms, making it the second largest correspondent clearing firm in the securities industry.
Penson Worldwide Inc. said that it expects its U.S. securities-clearing subsidiary, Penson Financial Services Inc., to begin serving accounts of Ridge Clearing and Outsourcing Solutions Inc. on or about June 25.
Recent setbacks to Broadridge Financial Solutions Inc.'s Ridge business have driven down the price of the clearing unit's impending sale to Penson Financial Services Inc.
Acquisitive company looking at 'everything that goes by'; Pioneer Investments being eyed?
The reforms to money market funds that took effect last month aren't enough to address the problems associated with these investments, a Neuberger Berman executive said today.
Barclays Wealth, the $241 billion wealth management unit of Barclays Bank PLC, has snapped up a team of advisers from Neuberger Berman LLC, the company announced Wednesday.
