Jeffrey B. Lane, a Travelers Group vice chairman and long- standing lieutenant of chief executive officer Sanford I. Weill, is resigning to join Neuberger & Berman LLC, a New York mutual fund company.

Mr. Lane, 56, will join the $60 billion-asset management firm July 21 as a principal, chief administrative officer, and member of the executive committee, said a Neuberger spokesman.

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