Steven Meier Named Institutional Vice Chair at Neuberger Berman

Steven Meier

Steven Meier, who recently resigned as CIO of the New York City Bureau of Asset Management and deputy comptroller, has joined Neuberger Berman as vice chair, institutional, a newly created role at the $380 billion alternative investment manager.

Meier will work alongside Neuberger’s investment and institutional client teams to provide insights and thought leadership for public pension funds in the U.S. and other institutional investors around the world, according to the firm. Meier will also join the firm’s asset allocation committee, a group within Neuberger which shapes its market outlook.

“I’m incredibly excited to be bringing all of the knowledge and experience I’ve gathered over my career to this new chapter,” Meier said in a statement. “I know firsthand what truly makes a difference for institutional investors and allocators, and I look forward to collaborating with my new colleagues to deliver innovative investment capabilities and support to our clients.”

Meier, who oversaw the investments of New York City’s five pension systems as CIO, left the role in October. The New York City Bureau of Asset Management managed $306.32 billion in assets, as of September 30, for the Teachers’ Retirement System of the City of New York, the New York City Employees’ Retirement System, the New York City Police Pension fund, the New York City Fire Pension Fund and the New York City Board of Education Retirement System.

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Meier’s previous role was CIO of the Connecticut Retirement Plans & Trust Fund Management, an entity that manages the public pension funds and investment trusts of the state. He was also previously CIO for global fixed income, currency and cash at State Street Global Advisors and held senior roles at Merrill Lynch, Oppenheimer and Credit Suisse.

Neuberger Berman managed $6.66 billion in investment grade credit for TRS, NYCERS, the police pension fund and the fire pension fund, as well as $1.84 billion in high-yield credit for TRS, NYCERS and the police pension fund, as of September 30, according to the Bureau of Asset Management.

Meier’s predecessor, Alex Doñé, who served as CIO from 2018 through 2021, took up a position at private equity firm Platinum Equity.

“I am thrilled to welcome Steve to Neuberger. We have worked together on many initiatives over the years, and I have long admired his stellar career accomplishments, most recently his impressive track record stewarding the NYC public pension funds,” said George Walker, Neuberger Berman’s chairman and CEO, in a statement. “His joining demonstrates our ongoing commitment to deliver compelling investment capabilities and solutions to our most sophisticated clients.”