Neuberger Berman's Dik van Lomwel: 'Luxury problems' in the time of Covid

Neuberger Berman (NB) was reborn as an independent asset manager amid the fallout of the 2008 Global Financial Crisis as its parent company Lehman Brothers, a towering Wall Street institution for 161 years, filed for bankruptcy. The firm's management emerged victorious in a 2008 bankruptcy auction, outbidding private equity firms Bain Capital Partners and Hellman & Friedman for control of NB's future, and ultimately spinning out in May 2009. "We always say, in a slightly tongue-in-cheek way, that in 2009 we were properly crisis tested," says managing director, and head of EMEA and Lat...