Neuberger poaches Morgan Stanley’s head of portfolio solutions

HandshakeInvestment house Neuberger Berman has appointed Joe McDonnell as head of portfolio solutions for the Emea region in a newly created role.

McDonnell will sit in the quantitative and multi-asset class investments team and will report to co-heads, Erik Knutzen and Doug Kramer.

His duties will involve designing and managing multi-asset mandates and engaging with strategic partners, the $304 billion (€268.7 billion) manager said in a statement.

McDonnell joins Neuberger Berman from Morgan Stanley Investment Management where he was at the helm of portfolio solutions for the EMEA region for a decade. Before that, he was the head of pensions investment at Shell International.

Outlining the motivation behind McDonnell’s hire, Dik van Lomwel, head of EMEA and Latin America at Neuberger Berman, said: “In light of the more dynamic market environment, we see an increased need for more customised solutions for our institutional clients.”

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