Neuberger Berman has hired Paul Grainger as managing director and a senior portfolio manager within its fixed income team.
With 25 years in the industry, Grainger’s most recent role came at Schroders, where he was head of global fixed income and currency before departing in 2023.
Neuberger Berman’s global bond team manages $232bn (£183.1bn) of the firm’s $509bn total assets under management.
See also: Ninety One acquires Sanlam Investment Management
Ashok Bhatia, co-CIO, fixed income, at Neuberger Berman, said: “Paul is a highly respected global fixed income portfolio manager and leader. He adds depth and breadth to our growing fixed income platform bringing a proven track record.
“As we see the global impact of changing interest rates, geopolitical tensions, and economic uncertainties, Paul enhances our understanding and portfolio construction. We remain committed to strengthening our fixed income capabilities, our investment team, and offerings, to deliver greater value and sophisticated solutions to our clients over the long term.”
Grainger added: “I am excited to join Neuberger Berman’s talented global fixed income team, whose investment approach is collaborative and research driven. I look forward to helping investors capitalise on fixed income opportunities in a dynamic environment, while building on the firm’s continued momentum.”
