Promotions Announced At Neuberger Berman Trust Companies
NEW YORK, Nov. 19 /PRNewswire/ -- Neuberger Berman (NYSE: NEU) announced that Albert C. Bellas has been named Chief Executive Officer of Neuberger Berman Trust Company, N.A. and Neuberger Berman Trust Company of Delaware. He continues to serve as Chairman of the Board of both organizations. It was also announced that Stephen Brent Wells, who was Chief Operating Officer of Neuberger Berman Trust Company, N.A., has been named President of both organizations. The Trust Companies offer comprehensive, customized fiduciary and wealth management services to high net worth individuals, family offices, foundations, charities and employee benefit plans for the preservation, growth, and transfer of wealth. "Albert Bellas and Stephen Wells are seasoned trust and wealth management professionals," said Heidi L. Schneider, Executive Vice President and Head of the Private Asset Management Group at Neuberger Berman. "They will continue to enhance our commitment to serving wealthy individuals, families and family offices in their new roles with our Trust Companies." Mr. Bellas joined Neuberger Berman in January 2001 and became Chairman of the Trust Companies. Before joining Neuberger Berman, he was a Managing Director of OFFITBANK for eight years. His prior experience includes 13 years at Shearson Lehman Brothers, where his positions included Senior Executive Vice President, Member of the Board, and Director of the Public Finance Division. Mr. Bellas holds an M.B.A. from the Columbia University Graduate School of Business, a law degree from the University of Chicago Law School and an undergraduate degree from Yale University. Mr. Wells has been with Neuberger Berman since July 2001. Prior to Neuberger Berman, he was a Managing Director at OFFITBANK for seven years and before that held various senior management positions at Morgan Stanley Asset Management, Goldman Sachs Asset Management and Gabelli & Co. Mr. Wells started his career as a trust and estate attorney with Cadwalader, Wickersham & Taft. He received a law degree from New York University School of Law and an undergraduate degree from Princeton University. Neuberger Berman Inc. through its subsidiaries is an investment advisory company with $52.1 billion in assets under management, as of September 30, 2001. For more than 60 years, the firm has provided clients with a broad range of investment products, services and strategies. The Company engages in private asset management, wealth management services, tax planning and personal and institutional trust services, mutual funds and institutional management, and professional securities services for individuals, institutions, corporations, pension funds, foundations and endowments. Statements made in this release that look forward in time involve risks and uncertainties and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Company's products' performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability of the Company to attract or retain key employees, inability of the Company to implement its operating strategy and acquisition strategy, inability of the Company to manage rapid expansion and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X51172157
SOURCE Neuberger Berman
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