Neuberger Berman Names MENA Head

Oct 18 2012 | 8:15am ET

Asset management firm Neuberger Berman has appointed Khalid Murgian as managing director, head of MENA.

In this role, Murgian will be based in Dubai, leading and developing Neuberger Berman's business effort in the MENA region. He will report to Dik van Lomwel, managing director and head of EMEA and LatAm. Murgian will work closely with Bruce Crystal, who is based in the U.S. and has been covering the region for 16 years.

Murgian was previously head of MENA and new markets at Goldman Sachs Asset Management. Prior to that, he was head of business development, Middle East at Threadneedle Asset Management.

"This is a significant milestone for Neuberger Berman. Our objective is to be close to our clients and the office opening reflects our commitment to a very important region for us," said van Lomwel. "Khalid brings a wealth of local experience to the firm and we look forward to working with him as we strengthen our local presence."

Murgian added, "I am delighted to be joining Neuberger Berman. The firm's range of investment strategies has broad appeal in the region and as an independent, privately owned asset manager, its structure is strongly aligned with client interests."

Neuberger Berman provides solutions across equities, fixed income, hedge funds and private equity, and had $202 billion in assets under management as of the end of September.

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