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Press Release

Neuberger Berman Appoints Jahangir Aka as Head of Middle East & North Africa

Media Contacts:

Joanna Pope, +44 (0)20 3214 9087, Joanna.Pope@nb.com

LONDON, February 23rd, 2015 – Neuberger Berman, one of the world’s leading employee-owned investment managers, today announced the appointment of Jahangir Aka as Head of Middle East & North Africa (MENA), based in Dubai and reporting to Dik van Lomwel, Head of EMEA and Latin America.

In this role, Jahangir will lead and continue to grow the Firm’s business effort in the MENA region. He joins Neuberger Berman from SEI Investments, where he was since 2006, most recently as Head of Middle East and brings extensive experience of working with the region’s leading institutions; sovereign wealth funds, pensions, family offices and wealth management businesses. Prior to his years at SEI, Jahangir spent eight years at Standard Chartered Bank in roles across Europe, Asia and the Middle East.

Dik van Lomwel, Head of EMEA and Latin America commented: “As we continue to deepen client relationships and gain new ones in the MENA region, it’s important to have experienced professionals with local expertise. Jahangir has a deep understanding of the needs and priorities of our local clients and we look forward to his insight and contribution.”

On his appointment, Jahangir commented, “Neuberger Berman’s broad platform across all asset classes puts the firm in a strong position to help clients achieve their investment objectives. The private ownership structure encourages strong retention within Senior Management, providing consistency to clients over the medium and long term. The investment capabilities at Neuberger Berman have proven appeal in the region and I look forward to continuing to build on this success.”

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 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 $250 billion in client assets as of December 31, 2014.