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Financial Advisory  + Wealth Management  | 
NB Hires Former SVB CIO Shannon Saccocia for Private Wealth Division

NB Hires Former SVB CIO Shannon Saccocia for Private Wealth Division

Investment manager Neuberger Berman has hired former chief investment officer at Silicon Valley Bank Private Wealth Shannon Saccocia, effective Monday, in a new role as Chief Investment Officer, NB Private Wealth (NBPW).

Saccocia will work to establish market views, asset allocation and portfolio recommendations, along with leading the NBPW investment platform.

“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,” said Stephanie Luedke, CFA, Head of NB Private Wealth.

SVB acquired Saccocia’s previous firm Boston Private, a registered investment advisor, which had bought Banyan Partners, where Saccocia was managing director of search and selection. Before joining Banyan, she was director of manager search and selection at Silver Bridge.

Founded in 1939, Neuberger Berman manages $436 billion in client assets with NBPW overseeing $66 billion in ultra-high- and high-net-worth individuals and families.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.