The latest senior moves in the North American wealth management sector.

Neuberger Berman
Neuberger Berman, a private, independent, employee-owned investment manager, has appointed Shannon Saccocia, with immediate effect, in the newly-created role of chief investment officer, NB Private Wealth.

Saccocia is an established investment professional and thought leader within the private client community and wealth management industry. In her new role, she will work closely with investment leadership across Neuberger Berman to establish market views, asset allocation and portfolio recommendations tailored specifically for NBPW clients. Partnering closely with the division’s private wealth teams, she will be responsible for expanding and leading the NBPW investment platform to enable comprehensive delivery of the firm’s investment capabilities.

“We are delighted to have Shannon join our team. She brings highly relevant experience as we continue to invest in our Private Wealth franchise and enhance our capabilities,” Stephanie Luedke, CFA, head of NB Private Wealth, said.

Saccocia has more than 20 years of experience in the investment management industry, including the last 10 years where she served in senior investment leadership roles primarily with Boston Private Wealth. Most recently, Shannon was the chief investment officer for SVB Private (which acquired Boston Private Wealth in July 2021). Previously, she had senior roles at Banyan Partners and Silver Bridge Advisors focusing on manager selection and portfolio construction. Shannon has a BA in economics and history from Brandeis University and holds the CFA and CIMA designations.

“There is a tremendous opportunity to leverage the vast capabilities of Neuberger Berman on behalf of private clients,” said Shannon Saccocia. “The investment platform and experience of our investment teams make NBPW uniquely positioned to offer institutional-quality investment solutions across public and private markets to private clients.”

As part of the NBPW growth initiative, in the last two years it has appointed several veteran wealth management executives including:

-- Sam Petrucci joined in 2021 as head of Advice Planning and Fiduciary Services at NBPW, based in New York; 
-- Julia Chu joined in 2022 as the head of Philanthropy and Family Governance Advisory, NBPW; and 
-- Gregory Khost joined the firm in 2021 as head of Business Development, NBPW.

Neuberger Berman manages $436 billion in client assets with NBPW overseeing $66 billion in ultra-high and high net worth individuals and families, and their affiliated organizations. With offices in 11 cities, and 45 advisory teams, NBPW focuses on wealth management and diversifying its client-facing teams to deliver innovative, institutional-quality investment solutions across public and private markets, as well as estate and wealth planning services.