NB Private Equity Partners appoints William Maltby as new Chairman of the Board of Directors

– GUERNSEY, St. Peter Port –  NB Private Equity Partners Limited (LON: NBPE | EPA: NBPE), confirms, that Talmai Morgan, the long-standing Chairman of the Company, has retired with effect from the close of the Annual General Meeting today. William Maltby has assumed the role of Chairman, having joined the Board as an Independent Non-Executive Director in April 2019.

Talmai Morgan, the Chairman, commented: “I am pleased to be leaving the Company in the safe hands both of the remaining Board members and William as my successor. It has been a pleasure working with the Investment Manager and the Board and I wish them every success in the future.”

Peter von Lehe said: “I would like to sincerely thank Talmai Morgan for the enormous contribution he has made to the development of the Company since 2007. Talmai has been an excellent Chairman and has been instrumental in the huge effort to grow the Company and make the necessary changes in order to deliver value for longstanding shareholders. We wish him well in his retirement from the Company.”

Following the retirement of Talmai Morgan, the Board of the Company today announced that Trudi Clark has been appointed Chairman of the Nomination and Remuneration Committee. Trudi, an independent non-executive director since April 2017, is also Chairman of the Management Engagement Committee and a member of the Audit Committee. There are no other changes to Committee memberships.

Wilken von Hodenberg, Independent Non-Executive Director, has been appointed Senior Independent Director with immediate effect. Wilken, a non-executive director since April 2019, is also a member of the Audit Committee, Management Engagement Committee and Nomination and Remuneration Committee

William Maltby, Incoming Chairman, remarked: “I am delighted to become Chairman of NBPE. With more than 85% of its portfolio in co-investments, made alongside some of the best private equity firms in the world, I believe NBPE is a great way to obtain exposure to a high quality and diversified private equity portfolio.”

About NB Private Equity Partners Limited

NBPE is a closed-end private equity investment company with class A ordinary shares admitted to trading on the Premium Segment of the Main Market of the London Stock Exchange. NBPE has 2022 and 2024 ZDP Shares admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange. NBPE holds a diversified portfolio of direct equity investments, direct income investments and fund investments selected by the NB Alternatives group of Neuberger Berman, diversified across private equity asset class, geography, industry, vintage year, and sponsor.

For more information: http://www.nbprivateequitypartners.com

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s team is more than 2,100 professionals. For five consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey. Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $333 billion in client assets as of June 30, 2019.

For more information: https://www.nb.com

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