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Neuberger Berman hires Morgan Stanley fund boss for new role

Neuberger Berman hires Morgan Stanley fund boss for new role

Neuberger Berman has hired Joe McDonnell to serve in the new role of head of portfolio solutions.

McDonnell joins from Morgan Stanley Investment Management, where he spent a decade as head of portfolio solutions in EMEA.

He spent the previous 10 years as head of investments at Shell, having earlier been fixed income boss of IBM's pension plan. 

McDonnell will be part of the asset manager’s quantitative and multi-asset class team reporting to co-heads Erik Knutzen and Doug Kramer.

Head of EMEA and Latin America at Neuberger Berman Dik van Lomwel said: ‘In light of the more dynamic market environment, we see an increased need for more customised solutions for our institutional clients.

'We’ve been building our capabilities in this area and Joe’s presence will enhance this dialogue.’

McDonnell added: ‘The investment platform’s breadth, depth and level of innovation, combined with a strong corporate culture and willingness to explore opportunities to partner with clients make me excited to join Neuberger Berman.’

The company last September made a push into European fixed income, hiring a six-strong team from BNP Paribas, including chief investment officer for euro sovereign and aggregate fixed income Patrick Barbe. In December the house launched three funds for the team.

 

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