Neuberger Berman currently manages approximately US$374 billion for global clients and was recently listed on the Principles of Responsible Investment (PRI) 2020 Leaders Group, earning straight A+ scores in the PRI’s assessment of the firm’s ESG integration efforts.

Mr. Wallis has more than 13 years’ experience in the investment management industry, and joins from Perpetual Investments, where he was a Strategic Account Manager. Before joining Perpetual Investments, Mr. Wallis worked for Bennelong Funds Management, Zurich Investments and Morningstar.

In his role, Mr. Wallis will continue to drive the firm’s growth in the intermediary channel, providing advisers and investors with investment solutions from Neuberger Berman’s suite of products, which encompass every major asset class including equities, fixed income, and private equity.

Matt Thompson, Head of Intermediary Distribution at Neuberger Berman, said, “We are excited to welcome Mr Wallis to our Australian team. Zac’s established experience and wealth of industry knowledge will be of value as we continue to solidify our presence in the Australian intermediary market.”

Commenting on his appointment, Mr Wallis said, “I am delighted to be joining Neuberger Berman whose industry track record and commitment to excellence presented an attractive opportunity for growth. I look forward to joining the team as they continue to grow from strength to strength.”

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The Fund aims to maximise total return from high current income and long-term capital appreciation by opportunistically investing in a wide range of fixed income assets, such as investment grade, high yield and emerging market debt.

Unlike traditional fixed income products, the Fund’s sector and duration allocation is actively managed to adapt to changing market conditions. It adopts a flexible multi-sector bond strategy that invests across the fixed-income universe with the ability to go beyond the benchmark^[1] .

“We believe a flexible bond strategy is the best way to navigate the market in uncertain times, and our strategy seeks to provide high current income whilst preserving capital in turbulent markets.” said Matt Thompson, Head of Intermediary Distribution at Neuberger Berman.

The Neuberger Berman Strategic Income Strategy (“the Strategy”) was first launched as a fund vehicle in the US^[2] in 2003 and subsequently launched in Europe^[3] in 2013. Portfolio diversification and a dynamic approach to duration management and sector allocations have benefitted the Strategy’s historical performance, particularly during challenging market environments. In the US, the fund has delivered positive returns in 13 years out of its 15 years history including volatile years such as 2008, 2011 and 2013.

“Year after year, no one fixed income sector consistently outperforms. A dynamic and flexible approach to fixed income is required to capitalize on investment opportunities amidst changing market conditions” Mr Thompson added.

The Fund allows investors to access the expertise and proven investment capabilities of Neuberger Berman’s fixed income and multi-sector specialists, including Brad Tank, Chief Investment Officer, Ashok Bhaita, Deputy Chief Investment Officer and Jon Jonnson, Senior Portfolio Manager, who each have more than 20 years’ experience.

As of 30 June 2019, Neuberger Berman managed over US$151 billion in fixed income alone.

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[1] Bloomberg Barclays U.S. Aggregate Index
[2] US mutual funds are not available to investors outside the United States.
[3] In Europe, the strategy is distributed in Undertakings for Collective Investment in Transferable Securities (UCITS) vehicle

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Mr Thompson has held the role of Head of Wholesale Business in Perpetual Investments for the last three years and joined Perpetual in early 2012. His promotion follows the resignation of Dean Winterton, current GM, Distribution.

Perpetual CEO and Managing Director Geoff Lloyd said, “We thank Dean for his contribution over the past three years and wish him all the best in his new role.

“It’s always a good experience to announce the internal promotion of high quality leaders and I am pleased to be moving someone of Matt’s calibre into this important role.

“Under Matt’s leadership Perpetual’s standing with financial advisers – those working within large institutions as well as independent advisers – has strengthened significantly, with client advocacy at an historic high and at market leading levels.

“Over the past four years he has lead a program to increase the effectiveness of the wholesale team’s relationship with its strategic accounts, recognising the level of investment sophistication required to earn and retain business in today’s environment,” Mr Lloyd said.

Mr Thompson has more than 20 years’ wealth management experience across some of Australia’s largest investment management organisations. After joining Perpetual he lead the Strategic Accounts team for 18 months before being promoted to Head of Wholesale Business for Perpetual Investments.

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