Neuberger Berman adds distribution roles in HK, Singapore Neuberger Berman Asia has hired two business development directors in newly created roles to focus on selling to financial intermediaries, one in Hong Kong and one in Singapore, AsianInvestor can reveal.

Mark Serocold started in Hong Kong this week, having spent the past six years at Schroder Investment Management in London and Hong Kong, latterly as business development manager for private bank distribution for Asia. He left Schroders a month ago.

Further, Neuberger Berman has hired Vincent Lim from UBS Global Asset Management in an equivalent role based in Singapore. He had spent five years with UBS, heading up Southeast Asia wholesale business covering both the retail and private bank segments.

AsianInvestor understands the duo will focus initially on private banks, with the potential to expand into the consumer banking arena at a later date.

Both Serocold and Lim report to Nick Hoar, head of distribution for Asia Pacific (ex-Japan and ex-Korea). Hoar relocated from London to Hong Kong last September to focus on institutional and intermediary clients.

In an interview with AsianInvestor, Hoar revealed that he had a hiring mandate and was seeking distribution personnel.

Neuberger Berman in an employee-controlled money manager with $199 billion in AUM globally as at March 31 this year. Of this figure, $4 billion is sourced from Asia-Pacific, according to AsianInvestor numbers.

The firm manages equity, fixed income and balanced separate accounts. It runs open and closed-end mutual funds and alternative investments, including hedge funds and private equity vehicles.

Source: AsianInvestor’s weekly roundup of job-hoppers, May 4 Read full afticle