Neuberger Berman Hires Veteran Portfolio Manager Eli Salzman

Expands Institutional Capabilities in U.S. Large-Cap Value

NEW YORK--(BUSINESS WIRE)--Neuberger Berman Group LLC, one of the world’s leading employee-owned money managers, is pleased to announce that Eli M. Salzman has joined the firm as a managing director and portfolio manager specializing in U.S. large-cap value equity strategies. Before joining New York-based Neuberger Berman, Salzman was a partner at Lord, Abbett & Co. where he managed in excess of $10 billion in U.S. large-cap value equities. Salzman, 46, had been at Lord Abbett since 1997 and previously worked at Mutual of America and Mitchell Hutchins Asset Management.

“Eli Salzman is a well-regarded and highly experienced portfolio manager with a history of delivering superior investment performance for institutional and retail clients,’’ said Joseph Amato, Neuberger Berman’s president and chief investment officer. “We’re delighted that he has chosen Neuberger Berman as his new home.”

“I am thrilled to join Neuberger Berman, a firm with a 71-year tradition of investment excellence, deep focus on research and consistently strong performance,’’ Salzman said. “The firm has a unique investment culture and I am excited to be a part of it.”

About Neuberger Berman

Established in 1939, Neuberger Berman is one of the world’s leading independent and employee-controlled asset management companies, managing approximately $190 billion in assets as of December 31, 2010. Neuberger Berman provides a broad range of global investment solutions to institutions and individuals through customized separately managed accounts, mutual funds and alternative investment products. For more information, please visit our website at www.nb.com.

Contacts Neuberger Berman Group LLC Randall Whitestone, 212-476-5392


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