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Find out more at ThoughtWorks.com slash lookingglass. Hello everyone and welcome to Ed Barron's. I'm Andy Serwer and welcome to our guest, George Walker, CEO of Newberger-Burman. George, great to see you. Thanks for joining us.

Honored to be here, Andy. So an investment management company, that's what Newberger-Berman is, with what, $558 billion

under management in the last report I saw?

Plus or minus.

Plus or minus.

There's a lot of history.

Firms goes back to, what, 1939, but some of the recent history is just unbelievable and fascinating.

So can you get into that right away a little bit

and tell us about some of the recent history of New Burger Berman?

I presume you mean not in the past few weeks, but our journey out of...

Global financial crisis.

Yes. I feared that was the question. So New Burger Berman was acquired by Lehman Brothers.

Lehman Brothers also purchased a firm called Lincoln Capital in Chicago,

which was an institutional fixed income firm and a small private equity fund of funds

called the Crossroads Group in Dallas, put them together as the third

operating division of Lehman Brothers, which they call investment management.

Ship hit the iceberg.

The other parts of Lehman Brothers were sold to Barclays in the United States and Nomura

outside the United States, the capital markets and investment banking business.

And through a long story, which I'd be happy to share, the employees of Newberger-Burman

...