On November 13, it was reported that Neuberger Berman has hired the former CEO of Goldman Sachs Group in Saudi Arabia to serve as the head of business for the Middle East, North Africa, and new markets. Neuberger Berman stated that Khalid Albdah will join in January next year and will be a member of its partner committee, where he will be responsible for client coverage, operation, and investment in the region. Albdah has served as the CEO of Goldman Sachs' Saudi business since 2015 and is also the managing director of the bank's asset management business in Saudi Arabia. He joined Goldman Sachs in 2013 from Al Rajhi Capital, the securities subsidiary of Saudi Arabia's second-largest bank.