Neuberger Berman appoints VP Insto Business

Neuberger Berman Australia has appointed Maxine Kraut as vice president of institutional business, based in Melbourne.

Kraut has over 10 years' experience working with institutional investors. She was most recently with Invesco Australia for seven years where she represented Invesco's institutional investment capabilities, including property, equities and fixed income. Prior to this she was with Deutsche Bank's investment management division in New York, where she managed a suite of private bank diversified products for international clients.

Commenting on the appointment, joint managing director for Neuberger Berman Australia, Paul O'Halloran, said: "Maxine's experience in working with asset consultants and institutional clients across all the major asset classes - including listed and unlisted asset classes - make her a good fit for our business as we seek to meet the increasingly technical and complex needs of institutional investors."

He added: "Her experience and her approach to thinking about problems from the client's perspective will be particularly valuable. With four new Australian clients allocating a total of AUD$2 billion to four separate Neuberger Berman strategies over the last 12 months, her appointment comes at a time when the continued growth of Neuberger Berman Australia demands additional client focused staff."