Investment manager Neuberger Berman has appointed Alberto Salato to the newly created role of Head of Southern Europe, effective immediately.
Based in Milan, Salato (pictured), will oversee client coverage across Iberia and Italy, reporting to Dik van Lomwel, Head of EMEA and LatAm.
Salato joins from Blackrock Investment Management, where he was Managing Director and Head of Institutional for the Italian business for over a decade. Prior to that, he was with Franklin Templeton Investments, having begun his career with JP Morgan Private Banking in Milan.
Dik van Lomwel, Head of EMEA and LatAm, says: “Italy, Spain and Portugal are important markets for us, where our client footprint continues to grow, so we have created this new role to optimise the synergies across the region. Alberto brings 17 years of experience working with sophisticated institutions and I am delighted to welcome him to the firm.”
Neuberger Berman has built up a strong local presence in Southern Europe, having opened a Milan office in 2011 and established a Madrid presence in 2015. The firm also added a Private Equity team based in Milan (NB Renaissance Partners) in 2015.
Salato says, “Neuberger Berman has established a solid foundation in the region by partnering with local investors and bringing many innovative strategies to serve their investment needs, across liquid and illiquid markets. I am excited to join the firm and work with the teams in Milan and Madrid to further enhance our presence and the quality of our services to a growing and evolving client base.”