JERSEY CITY, NJ – Lord, Abbett & Co. LLC (“Lord Abbett”) an independent, privately held investment management firm, was named a 2024 Best Places to Work in Money Management by Pensions & Investments today.
Presented by Pensions & Investments, the global news source of money management and institutional investing, the 13th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
Reflecting on the recognition, Douglas Sieg, CEO & Managing Partner, said, “We are thrilled to be named a Best Place to Work in Money Management for the fifth consecutive year by Pensions & Investments. This honor is especially meaningful as Lord Abbett is celebrating our 95th anniversary – a milestone that reflects our commitment to our people and principles-led, performance-oriented, and purpose-driven culture. Our employees are the strength of our firm, and their feedback drives us to continually invest in them and create a workplace of the future - one where innovation, collaboration and growth can thrive for the next 95 years.”
Lord Abbett is committed to achieving its vision of being the most respected asset manager in the world, admired for its people, its performance, its relationships, and its organizational agility.
“As their employees attest, the companies named to this year’s Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture,’’ said P&I Editor-in-Chief Julie Tatge. “In doing so, they’re helping their employees, clients and their businesses succeed.’’
“Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 13th year. A strong workplace culture that supports talent, advocates progress and drives innovation is paramount to driving the best outcomes and these asset managers demonstrate that. Congratulations to the 2024 honorees for their commitment to employee well-being, attractive incentive structures and talent development that demonstrate how investing in your employees can elevate our industry to greater heights,” said P&I President and Publisher Nikki Pirrello.
Pensions & Investments partnered with Workforce Research Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.
The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 20% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 80% of the total evaluation. The combined scores determined the top companies.
For a complete list of the 2024 Pensions & Investments’ Best Places to Work in Money Management winners and profiles of the top firms across size categories, go to http://www.pionline.com/BPTW2024
About Lord Abbett
Lord Abbett & Co. LLC is a privately held, global asset management firm founded in 1929. From the day we first opened for business, our approach to investing for and serving our clients has been rooted in our core beliefs: Our clients always come first, our firm maintains a singular focus on the management of money, and our perspective is shaped by our independent thinking. These beliefs and our experience have empowered us to serve generations of clients, navigate changing markets, and earn the privilege of managing approximately $214 billion in assets (as of September 30, 2024) across a full range of global investment offerings.
About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the 51-year-old global news source of money management and institutional investing. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com.
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