Albert C. Bellas was named CEO of Neuberger Berman Trust and Neuberger Berman Trust Delaware. He remains chairman of both organizations. Stephen Brent Wells, who was COO of Neuberger Berman Trust, was named president of both organizations. Elizabeth Mathieu, who had been president and CEO of both companies, left earlier this month, said Peg Towers, a spokeswoman for Neuberger Berman. Ms. Mathieu could not be reached for comment.
The two firms provide money management and advice to employee benefit plans, endowments, foundations and high-net-worth individuals.