Neuberger Berman Adds New Sports Group Director
February 4, 2002
Neuberger Berman has hired Marvin Demoff as the managing director of its asset management group that handles investments for professional athletes.
Demoff, a sports attorney who has represented star football, basketball and tennis players, will join Neuberger Berman's Private Asset Management Sports Group this month after leaving Mitchell, Silberberg & Knupp, LLP. Demoff will actively recruit new clients and market Neuberger's wealth products and services, a company representative said. The firm's money management talent "will be highly attractive," to his existing clients, Demoff said, in a statement.
Neuberger Berman's Sports Group was formed in 1999 to provide athletes and their agents and managers discretionary money management in customized portfolios as well as tax, estate and retirement planning.