Neuberger Berman has promoted Matt Malloy to head of EMEA, to replace Dik van Lomwel as he steps into the vice-chair EMEA position.
Van Lomwel has served as chair since 2009, with assets under management for the EMEA business growing from $3bn (€2.7bn) to $64bn during his time. His new role will focus primarily on client relationships and advising.
Malloy has been at Neuberger Bergman since 2015 and holds over 30 years of experience in the industry. He is the firm’s global head of institutional client group and insurance relations, and relocated from New York to London last year.
Previously, Malloy worked at JP Morgan Asset Management as head of global insurance solutions, as well as Goldman Sachs Asset Management, UBS Investment Bank, and Merrill Lynch.
“I am honoured to have the opportunity to build on Dik’s impactful contributions to the firm,” Malloy said.
“The decade ahead will present new opportunities and many challenges for our clients given the volatile economic and geopolitical backdrop, and I am confident we can continue to deliver differentiated solutions using our extensive cross asset investment platform and global talent.”
Van Lomwel added: “Matt’s impact on the insurance and global institutional client base and broader contribution to the firm have been significant. We know that Matt will approach his leadership of EMEA with the same client centric approach, discipline, and strategic perspective as he has already displayed.”