Investment manager Neuberger Berman Australia has appointed Angela Verco to a newly-created position of relationship manager, with responsibility for leading the firm’s local client relationships.
Ms Verco has 17 years’ experience in the financial services industry. She was most recently with J.P. Morgan Asset Management for 14 years, where she managed relationships for institutional clients and asset consultants across equities, fixed income and alternative asset classes.
Paul O’Halloran, managing director of Neuberger Berman Australia, said “The decision to appoint someone of Angela’s calibre and experience to augment our existing client relationships reflects the increasing complexity of the market in Australia and that our clients’ management teams are increasingly transforming internal business models to meet their board’s strategic vision.
“In the past year we have achieved continued growth in our local business, so this is the right time to expand our team to ensure we have the resources and experience in place to continue providing the level of service and expertise that our clients expect.
“Our Australian clients have entrusted us with over $3 billion of assets under management and advice, invested in strategies across our global platform including equities, fixed income and alternatives,” Mr O’Halloran said.
While expanding local resources, Neuberger Berman is also extending its local product line up. In the coming months the firm will launch a new local unit trust for its Systematic Global Equity strategy which is managed by Wai Lee and Neuberger Berman’s Quantitative Investment Group.
“We are delighted to be able to continue to bring such high quality investment strategies into the Australian market. We expect to continue to selectively introduce additional Neuberger Berman strategies to the Australian market in the coming year,” Mr O’Halloran said.
