Dublin, April 13, 2010 – Brown Brothers Harriman (“BBH”) announced today that it has been appointed as custodian, administrator and transfer agent1 to Neuberger Berman Investment Funds PLC.
Launched in December 2000, Neuberger Berman Investment Funds PLC is a Dublin domiciled UCITS which offers investors access to a broad range of equity and fixed income asset classes. The range of nine sub-funds includes US, China and global equity funds, as well as high yield and currency funds. The range offers 75 share classes registered for distribution in the United Kingdom and other major European jurisdictions including France, Germany, Italy, Netherlands, Spain, Sweden, and Switzerland.
Dik van Lomwel, head of Neuberger Berman Europe and Middle East said: “We are committed to delivering an exceptional service for our clients and were impressed by BBH’s experience, expertise and ability to meet our international business requirements. A reputable service provider is key in the current economic environment and we are confident in their capacity to ensure the safekeeping of our assets.”
“We are delighted to be working with Neuberger Berman as they focus on the growth of their UCITS range,” said Seán Páircéir, BBH Partner and Managing Director of the firm’s fund administration office in Dublin. "BBH works with leading global asset managers and provides innovative, client focused solutions to assist them with their objectives. Our approach resonated with Neuberger Berman and we look forward to a successful long term relationship with them as we collectively focus on supporting their growth plans in the coming years.”
About Brown Brothers Harriman
A global leader with close to 200 years of experience, BBH is a privately-held financial services firm that helps many of the world's most sophisticated mutual funds, investment managers, banks and insurance companies achieve their international business objectives. The Firm’s partnership structure and close management allows independence and alignment of interests with its clients, creating lasting relationships built on a foundation of integrity, experience, and trust. BBH’s Investor Services business provides cross border, institutional, administration, and execution services for many of the world’s leading asset managers and financial institutions in close to 100 markets. With approximately $2.3 trillion in assets under custody2, BBH is consistently ranked among the world's top global custodians, asset administrators, foreign exchange, and securities lending providers3.
For more information about BBH's unique, integrated approach, please visit www.bbh.com.
About Neuberger Berman
Established in 1939, Neuberger Berman is one of the world’s largest private, independent employee-controlled asset management companies, managing approximately $173 billion in assets as of December 31, 2009. Neuberger Berman is a leader in providing a broad range of global investment solutions – equity, fixed income, and alternatives – to institutions and individuals through customized separately managed accounts, mutual funds and alternative investment products. For more information please visit our website at www.nb.com.
1 Brown Brothers Harriman Fund Administration Services (Ireland) Limited and Brown Brothers Harriman Trustee Services (Ireland) Limited are regulated by the Financial Regulator.
2 As of December 2009
3 As measured by results in major industry surveys. Please see www.bbh.com/accolades for a comprehensive listing of recent industry accolades.