Levitt joins board at Neuberger Berman
Former Securities Exchange Commission chairman Arthur Levitt has been elected to the board of investment company Neuberger Berman.
Levitt was made SEC chairman by president Bill Clinton in July 1993 and was the longest-serving chairman when he left in February 2001.
He was best known to accountants for his crusade to safeguard auditor independence which prompted furious debate in the profession. Levitt believed that by providing certain non-audit services to audit clients, large accountancy firms risked losing their independence.
‘Neuberger Berman is honoured to have an individual of such stature serving on our board,’ said Neuberger president and chief executive Jeffrey B Lane.
Neuberger Berman provides investment management services to clients and mutual funds.