Arnold, who has 24 years of corporate finance experience in asset management and financial services, comes to Neuberger Berman from Citigroup, where he held senior roles, including serving as CFO of that company’s global asset management and alternative investment businesses, according to the announcement.
At Neuberger Berman, Arnold will report to George Walker, chairman and chief executive officer. During the firm’s transition to independence, the finance function had been overseen by Andrew Komaroff, chief operating officer.
At Citigroup, Arnold was most recently Head of Corporate Finance, managing companywide capital and liquidity planning activities. Before assuming that role in 2009, he spent four years as CFO of Citi Alternative Investments, which had more than $50 billion of capital under management. Prior to that, he was CFO for Global Investment Management, which included Citigroup Asset Management with $460 billion in assets under management, and Travelers Life and Annuity. He assisted in the divestiture of those businesses in 2005.