NEUBERGER BERMAN RANKS SECOND IN PENSIONS & INVESTMENTS 2023 "BEST PLACES TO WORK IN MONEY MANAGEMENT"

NEW YORK, Dec. 12, 2023 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, is honored to be second among companies with 1,000 employees or more in the 2023 "Best Places to Work in Money Management" survey by Pensions & Investments. This year marks the firm's tenth year finishing first or second in that category.

Heather Zuckerman, Chief of Staff at Neuberger Berman, said: "As an employee-owned firm, Neuberger Berman truly is a great place to build a career. Our ownership structure and compensation plans deepen alignment with clients and allow us to invest in the business and our employees, even during challenging market periods. As markets change and technology evolves, we have created an environment where employees are encouraged to continuously innovate. This all contributes to our 92% employee retention rate, while focusing on lasting continuity serving clients. We're pleased our employees have spoken and continue to place us as a decade-long best place to work."

Presented by Pensions & Investments, the global news source of money management and institutional investing, the 12^th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.

"As their employees attest, the companies named to this year's Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture,'' said P&I Executive Editor Julie Tatge. "Even as firms grappled with volatile markets and ongoing stresses from the pandemic, their employees said they felt strong support from their managers, enabling them to do their best work.''

"Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 12th year. A strong workplace culture that supports talent, advocates progress and drives innovation is paramount to driving the best outcomes and these asset managers demonstrate that. Congratulations to the 2023 honorees for their commitment to employee well-being, attractive incentive structures and talent development that demonstrate how investing in your employees can elevate our industry to greater heights," said P&I President and Publisher Nikki Pirrello.

Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.

The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.

For a complete list of the 2023 Pensions & Investments' Best Places to Work in Money Management winners and profiles of the top 100 firms across size categories, go to www.pionline.com/BPTW2023

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. Neuberger Berman's investment philosophy is founded on active management, engaged ownership and fundamental research, including industry-leading research into material environmental, social and governance factors. Neuberger Berman is a PRI Leader, a designation awarded to fewer than 1% of investment firms. With offices in 26 countries, the firm's diverse team has over 2,750 professionals. For nine consecutive years, Neuberger Berman has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). The firm manages $439 billion in client assets as of September 30, 2023. For more information, please visit our website at www.nb.com.

About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the 50-year-old global news source of money management and institutional investing. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com

Media Contact: Alex Samuelson, 212 476 5392, [email protected]

All Neuberger Berman information is as of September 30, 2023, unless otherwise indicated and is subject to change without notice. Firm data, including employee and assets under management figures, reflects collective data for the various affiliated investment advisers that are subsidiaries of Neuberger Berman Group LLC. Firm history/timeline includes the history of all firm subsidiaries, including predecessor entities and acquisitions. 

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