Neiberger Berman was allowed to start an offshore mutual fund business in China

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new york, November 28, 2022 /PRNewswire/ — Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce that the firm has received approval from the China Securities Regulatory Commission (CSRC) to begin managing local currency mutual funds for domestic Chinese clients. Neuberger Berman is the second international institution to receive final approval to launch a new wholly-owned mutual fund business.

“As we have operated in other important international markets throughout our 85-year history, we are honored to be able to serve Chinese investors extensively in domestic markets. Our long-term investment performance and ESG leadership have been at the core of our mutual fund. Company application and support for Chinese investors, issuers, markets and the world Society allows us to be a positive force, he said Patrick LiuCEO of Neuberger Berman Fund ManagementChina) limited.

Mr. Liu continued, “We are honored to be the second international asset manager to be approved to launch our mutual fund business in China. China. China As the world’s second largest capital market, the country’s commitment to open up high-quality financial services creates great opportunities for local investors.

Neuberger Berman is expanding. Shanghai-Including an established professional team, most recently, by adding Michelle Way. Mrs. Wei joined October 2022Fund Management has been driving the company’s strategic plan and will be the Chief Investment Officer in 2023 – FMC Shares, leading the development of the investment strategy, managing the equity research team, monitoring the investment process and managing the assets. Allocation and risk management in equity portfolios.

Out of office Michelle WayNeuberger Berman has recently made other high-profile appointments Asia And in China. Charles NguyenManaging Director, Public Equities ESG Investing, will be transferred new york to the Shanghai Neuberger Berman to lead ESG efforts Asia. in July 2022the appointed organization Edward Fang As Head of ESG Research at FMC. The local platform also includes fixed income and quantitative strategies led by long-time Neuberger Berman portfolio managers Peter Rue. Ping Zhourespectively.

All information as June 30, 2022 Unless otherwise stated and subject to change without notice. Firm information, including employee and assets under management numbers, reflects collective information for various investment advisors affiliated with Neuberger Berman Group LLC. A firm’s history/timeline includes the history of all branches of a firm, including previous mergers and acquisitions.

This material is being released through various international subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for specific entity and legal limitations and restrictions.

Source Neuberger Berman

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