Money Management

Neuberger Berman chooses head of portfolio solutions for EMEA

Joe McDonnell was named head of portfolio solutions for Europe, the Middle East and Africa at Neuberger Berman, a spokeswoman said.

The role is new. Mr. McDonnell oversees multiasset mandates and is responsible for engaging with strategic partners.

"In light of the more dynamic market environment, we see an increased need for more customized solutions for our institutional clients. We've been building our capabilities in this area and Joe's presence will enhance this dialogue," Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman, said in a news release.

Mr. McDonnell previously worked at Morgan Stanley (MS) Investment Management as head of portfolio solutions for EMEA. A spokeswoman declined to comment about a replacement.