NEUBERGER BERMAN NAMED FIRST PLACE IN PENSIONS & INVESTMENTS 2021 "BEST PLACES TO WORK IN MONEY MANAGEMENT"

NEW YORK, Dec. 13, 2021 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, is honored to be ranked first among companies with 1,000 employees or more in the 2021 "Best Places to Work in Money Management" survey by Pensions & Investments. This year marks the firm's eighth year finishing first or second in that category.

Heather Zuckerman, Chief of Staff at Neuberger Berman, said: "A sustainable culture, rooted in listening to our stakeholders and evolving with the needs of our employees, is key to delivering for clients over the long term. We believe this approach is the reason more than 600 employees are owners of the firm and we have a 96% retention rate for our senior investment professionals¹. Our hybrid work pilot program, which incorporates a strong in-office presence with virtual connectivity, is off to an exciting start."

"Now in its 10th year, P&I's Best Places to Work in Money Management spotlights the unique ways that employers build healthy and thriving work cultures,'' said Executive Editor Julie Tatge. "This year was no different. The 100 firms profiled in our December 13 issue grappled with myriad challenges posed by the pandemic and met them, helping ensure that their employees felt supported and able to do their best work.''

The survey weights a company's workplace policies, practices, philosophy, systems and demographics at 25% and an employee survey to measure the employee experience at 75%.  The combined scores determined the top companies.

For a complete list of the 2021 Pensions & Investments' Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2021.

About Pensions & Investments

Pensions & Investments, owned by Crain Communications Inc., is the 49-year-old global news source of money management. 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

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. With offices in 25 countries, Neuberger Berman's diverse team has over 2,400 professionals. For eight consecutive years, the company 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). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $437 billion in client assets as of September 30, 2021. For more information, please visit our website at www.nb.com.

The year 2020 represents the first year that asset managers became eligible for PRI Leader designation, which formerly included asset owners only. The new designation was awarded to only 20 of the 2100+ investment manager PRI signatories. The Leaders' Group showcases signatories at the cutting edge of responsible investment, and highlights trends in what they are doing. PRI uses signatories' reporting responses and assessment data to identify those that are doing excellent work in responsible investment – across their organizations and with a focus on a given theme each year. The 2020 theme is climate reporting. Information about PRI Leader is sourced entirely from PRI and Neuberger Berman makes no representations, warranties or opinions based on that information.

This material is being issued on a limited basis through various global subsidiaries and affiliates of Neuberger Berman Group LLC. Please visit www.nb.com/disclosure-global-communications for the specific entities and jurisdictional limitations and restrictions.

The "Neuberger Berman" name and logo are registered service marks of Neuberger Berman Group LLC.
© 2021 Neuberger Berman Group LLC. All rights reserved.

1: Annualized retention rate as of 12/31/20 at MD and SVP level since becoming an independent company in 2009.   Investment professionals referenced include portfolio managers, research analysts/associates, traders, and product specialists and team dedicated economists/strategists.

Media Contacts:

Alex Samuelson, Neuberger Berman, 212 476 5392, [email protected]

SOURCE Neuberger Berman