Neuberger Berman Expands Leadership in Middle East Strategy

Neuberger Berman Welcomes Khalid Albdah to Lead Regional Strategy

In a significant move to enhance its capabilities in the Middle East and North Africa (MENA) region, Neuberger Berman has appointed Khalid Albdah as the Head of MENA and New Markets. His appointment signifies the firm's commitment to strengthening its presence in these dynamic markets.

Leadership Experience and Vision for the Future

Khalid brings over ten years of high-level experience from Goldman Sachs, where he held key positions including Chief Executive Officer of Goldman Sachs Saudi Arabia and Co-Head of Asset Management for the MENA region. His journey began at the Capital Market Authority in Riyadh, laying a strong foundation for his expertise in the financial sector.

With Khalid’s leadership, Neuberger Berman aims to advance its strategic development across client coverage and operations, thereby enhancing its investment capabilities in MENA. Khalid Albdah stated, "The firm’s growing local presence is pivotal in delivering tailored investment solutions to our regional clients, aligning our global expertise with their specific economic needs. I am excited to contribute to this growth and local investment projects."

Comments from the Leadership Team

Matt Malloy, Neuberger Berman's Head of the Global Institutional Client Group for EMEA, emphasized the importance of Khalid's hiring: "This appointment marks a vital step forward in our strategy to bolster our operational stance in the MENA region. Khalid's vast knowledge of the markets will be instrumental in guiding our efforts to serve clients effectively. His experience positions us to navigate the unique challenges and opportunities within these markets."

George Walker, the Chief Executive Officer of Neuberger Berman, echoed this sentiment, highlighting the dynamic nature of client relationships and investment potential locally. He remarked, "Our evolving partnerships present new avenues of growth within our investment platforms, particularly through Khalid’s leadership. We look forward to enhancing our engagement with clients in the region under his guidance."

Commitment to Local Investment and Development

In his new role, Khalid will also focus on expanding teams and investing in local economies. His vision includes fostering relationships that bolster domestic development while aligning with the interests of international investors.

Neuberger Berman continues to prioritize environmentally responsible and sophisticated investment solutions, reflective of the region's economic landscape. The company's dedication to engaging with regional needs while delivering comprehensive investment strategies highlights their commitment to long-term growth and sustainability.

About Neuberger Berman

Founded in 1939, Neuberger Berman is an independent, employee-owned investment manager, managing over $509 billion in various asset classes, including equities, fixed income, private equity, real estate, and hedge funds. The firm is renowned for its active management style, fundamental research, and engaged ownership approach, setting benchmarks in environmental, social, and governance practices.

With a talented workforce exceeding 2,800 employees across 26 countries, Neuberger Berman has received accolades for being one of the best places to work in the financial services sector. Their investment philosophy is deeply rooted in understanding the unique challenges of clients worldwide, emphasizing their commitment to delivering value through expertise and client-centric solutions.

Frequently Asked Questions

Who has been appointed as the new head of MENA for Neuberger Berman?

Khalid Albdah has been appointed as the Head of Middle East, North Africa, and New Markets at Neuberger Berman.

What prior experience does Khalid Albdah bring to Neuberger Berman?

Khalid has over a decade of experience from Goldman Sachs, including leadership positions relevant to the MENA markets.

How will Khalid's appointment impact Neuberger Berman's strategy?

His appointment will enhance the firm's strategic development and client engagement in the MENA region, aligning investment strategies with local market needs.

What is Neuberger Berman's core philosophy?

The firm’s philosophy is based on active management, fundamental research, and engaged ownership in investment practices.

When was Neuberger Berman founded?

Neuberger Berman was founded in 1939 and has since grown into a leading independent investment manager across the globe.

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