Neuberger Berman has appointed Joe McDonnell for the latest created role of head of portfolio solutions in the midst of rising demand for the “customized solution” in the institutional space.
Joining after ten years in a similar role at Morgan Stanley Investment Management, McDonnell will take the potential responsibility for designing and supervising multi-asset directives and employing with the strategic partners of the firm. He will participate in the multi-asset class investments team and report to co-leads Erik Knutzen and Doug Kramer. The group told McDonnell, who earlier to Morgan Stanley spent ten years in corporate interpreted pension plan management, will grip the platform of the firm for identifying the customized quantitative solutions, and to assist construct, supervise and impose portfolios to meet specific objectives of the client.
Director of EMEA and Latin America at Neuberger Berman Dik Van Lomwel told, “ In light of the more dynamic market environment, we see an increased need for more customized solutions for our institutional clients. We have been building our capabilities in this area and Joe’s presence will enhance this dialogue.”
McDonnell included, “The investment platform’s breadth, depth, and level of innovation, combined with a strong corporate culture and willingness to explore opportunities to partner with clients make me excited to join Neuberger Berman. ”