Neuberger Berman creates new senior role

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Neuberger Berman Australia has appointed Ben Canagasabey to the newly created role of senior manager – client operations and fund oversight.

Angela Verco, head of client relationships at Neuberger Berman, said the position has been created as a result of business growth and the increasing regulatory and operational demands facing clients.

“Neuberger Berman Australia’s AUM has more than doubled over the past year, through continued growth in the number of complex tailored client portfolios, which demand high touch and best in class operational oversight.

“It’s imperative we have local expertise to help all of our clients respond to the mounting operational complexity they face, in the form of new regulations and as they adopt new flexible portfolio structures to enable them to respond quicker to new investment opportunities and sources of alpha.

“Ben’s background in both investment management and custody at global organisations will be particularly important in the new role. We are building the team to better support our clients, who are looking for better collaboration not just across investments but also operations and other business functions. Ben’s extensive experience ensures we have the right resources within the business to achieve the best results,” she said.

Mr Canagasabey joins the firm from Franklin Templeton Investments where he was manager – global fund administration & reporting, with responsibility across managed investment funds, real estate funds and listed investment companies.

He has also worked in a range of senior roles at Vanguard Investments, BNP Paribas, ING Australia, Royal Bank of Canada and Perpetual Fund Services.

He holds a bachelor of commerce – accounting and is a Certified Practicing Accountant. Mr Canagasabey is currently completing his master of business administration from Melbourne Business School.

Founded in 1939, Neuberger Berman is a private, independent, employee-owned investment manager. The firm manages multi-asset, equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide.

With offices in 19 countries, Neuberger Berman’s team is approximately 2,000 professionals and the company was names by Pensions & Investments as a Best Place to Work in Money Management for three consecutive years. Tenured, stable and long-term in focus, the firm fosters and investment culture of fundamental research and independent thinking from its 49 investment teams. Neuberger Berman partners with clients to achieve their specific investment objectives.