Neuberger Berman Appoints Former KKR Executive Clifford Chiu As Senior Adviser For Asia

Media Contacts:

Alexander Samuelson, 212.476.5392, Alexander.Samuelson@nb.com
Asia, David Bloomfield, 852 3664 8838, David.Bloomfield@NB.com

NEW YORK and HONG KONG, July 28, 2014 – Neuberger Berman, one of the world’s leading employee-controlled investment managers, is pleased to announce the appointment of Clifford Chiu, former partner member at KKR & Co., as Senior Adviser to Neuberger Berman Asia, effective immediately.

Mr. Chiu will work across the Asia Pacific region to help Neuberger Berman continue to build its Asian client base. Mr. Chiu recently retired from KKR where, as the partner overseeing the firm’s client business in Asia including Japan, he and his team raised close to US$15 billion in commitments from institutional investors in Greater China, Korea, Japan, Southeast Asia and Australia, for the various KKR private equity funds.

“We are delighted to welcome Clifford to our team in Asia and learn from his vast insights as we continue to expand our presence in this region,” said Nick Hoar, managing director and head of Asia Pacific for Neuberger Berman.

In addition to his leadership of KKR in Asia including Japan, Mr. Chiu served as a managing director responsible for the Asian institutional business with JP Morgan in Hong Kong and Tokyo from 2002-2007, and earlier as managing director and head of Hong Kong investment banking and co-head of Japan investment banking with Citigroup/Salomon Smith Barney in Hong Kong, Tokyo and New York.

Mr. Chiu currently serves as a director of Hsin Chong Construction Group (0404.HK) and Cambium Learning Group (Nasdaq: ABCD), and holds Hong Kong government appointments as a board/committee member at the Financial Services Development Council (FSDC), Hospital Authority's (HA) Tsuen Kwan O Hospital, and West Kowloon Cultural District Authority. Additionally, he serves as a director of the global advisory boards at the University of Chicago Booth School of Business and the University of Pennsylvania's Weingarten Learning Resources Center. Mr. Chiu holds a Bachelor of Science in Economics degree from the University of Pennsylvania, Wharton School of Business, and his Masters of Business Administration from the University of Chicago Booth School of Business.

Neuberger Berman Asia employs more than 120 people and manages assets on behalf of some of the region’s leading sovereign wealth funds, pension funds, insurance companies, private and retail banks.

About Neuberger Berman

Neuberger Berman is a 75-year-old private, independent, employee-controlled investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions, advisors and individuals worldwide. With offices in 17 countries, Neuberger Berman’s team is more than 2,000 professionals and the company was named by Pensions & Investments as a 2013 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $257 billion in client assets as of June 30, 2014. For more information, please visit our website at www.nb.com.