Erik Knutzen was named multiasset-class chief investment officer at Neuberger Berman, said company spokesman Alexander Samuelson.
The position is new. Mr. Knutzen will be in charge of the firm’s asset allocation process and participate in portfolio management on a number of strategies. He will report to Joseph Amato, president and CIO, and Brad Tank, CIO of fixed income.
Mr. Knutzen was CIO at NEPC. He was replaced by Tim McCusker, director of traditional research at NEPC, said Michael P. Manning, managing partner, in a letter to clients obtained by Pensions & Investments.
In addition, Jacques Lilly has joined Neuberger Berman as head of corporate development.
It is a new position. Mr. Lilly will serve as a point person for relationships with financial institution partners.
Mr. Lilly was managing director, global head of asset management banking at Citi. Citi spokesman Mark Rodgers did not return a call requesting comment.
