Andrew Wilmont was appointed European high-yield portfolio manager at Neuberger Berman Group in London, said a spokeswoman for the money manager.
It is a new position and an expansion of the $242 billion money manager's global high-yield team.
Mr. Wilmont, who started Monday, reports to Ann Benjamin, chief investment officer for non-investment-grade strategies.
“(Mr. Wilmont's) appointment reflects our commitment to building a complete suite of global non-investment-grade solutions for investors,” said Dik van Lomwel, head of Europe, the Middle East and Africa, and Latin America.
As part of its expansion in Europe, the firm plans to launch a European high-yield fund for non-U.S. investors as part of its UCITS fund platform.
Mr. Wilmont was most recently head of European high-yield investments at Bank of New York Mellon subsidiary Alcentra. A spokesman for Alcentra said Mr. Wilmont left in January, and his investment responsibilities were taken on by Chris Barris, and Kevin Cronk. Information on their current positions could not be learned by press time.
