Neuberger Berman Group has expanded its global high yield team with the appointment of Andrew Wilmont as lead European high yield portfolio manager, based in London.
Wilmont, a veteran portfolio manager who most recently served as head of European high yield investments at Alcentra Ltd, will be a senior member of Neuberger Berman's global high yield team, reporting to Ann Benjamin, the firm's chief investment officer for non-investment grade strategies.
"High yield has matured into a global asset class and we're delighted to expand our investment capabilities and the range of strategies Neuberger Berman offers to clients with an investor of Andrew's calibre," says Benjamin.
Dik van Lomwel, head of EMEA and Latin America for Neuberger Berman, says: "Andrew's appointment reflects our commitment to building a complete suite of global non-investment grade solutions for investors. We are thrilled that he has chosen to join Neuberger Berman as his skills will form a strong complement to our existing High Yield offering."
Neuberger Berman plans to introduce a European high yield strategy as part of the firm's growing non-investment grade platform, which includes the Neuberger Berman Full Market High Yield, Short Duration High Yield, Bank Loans and Distressed Debt strategies
Before his work at Alcentra, Wilmont served as head of European high yield strategies at AXA Investment Managers. Earlier, he was a high yield portfolio manager at Pareto Partners, and a high yield credit analyst at New Flag Asset Management. He began his high yield investment career in 1997 at Gulf International Bank.