NEW YORK, United States, June 13, 2024 — Nuveen, the investment manager of TIAA with $1.2 trillion in assets under management, announced the appointment of William Huffman as Chief Executive Officer. Mr. Huffman will chair the Nuveen Executive Leadership Team and serve as a member of TIAA’s Executive Committee. Mr. Huffman succeeds Jose Minaya.
With more than 30 years of experience in asset management, Mr. Huffman most recently served as President of Nuveen Asset Management and Head of Equities and Fixed Income. In this role, he led a team responsible for managing a global investment business with more than $1 trillion in assets across equities, fixed income, municipal bonds, multi-asset, private capital, and C-PACE financing, providing the firm’s clients with diverse capabilities and solutions.
Thasunda Brown Duckett, CEO of TIAA, said, “Bill’s constant dedication to the best interests of clients and the advancement of the firm’s strategy have had a transformative impact on Nuveen’s business and culture, driving growth and innovation over the last 16 years. I’m delighted to welcome Bill into this role and confident that Nuveen will go from strength to strength under his stewardship. We are grateful for all of Jose’s contributions and wish him every success in the future.”
As a member of the firm’s Executive Leadership Team, Mr. Huffman has been at the forefront of Nuveen’s evolution since he joined in 2008 and played a significant role in growing the firm’s assets under management to $1.2 trillion from $800 billion in 2014 when TIAA acquired Nuveen. He led multiple significant acquisitions while overseeing the investment teams responsible for managing more than $1 trillion across public and private markets.
William Huffman, CEO of Nuveen, said, “I’m proud to take on this role leading Nuveen’s exceptional and dedicated team. We will continue to succeed by reinforcing our position as a market leader in fixed income, delivering enhanced public market and alternative capabilities to clients, and investing in our wealth and institutional businesses in key segments including insurance and retirement. An increased international presence will enable Nuveen to serve clients in new ways, building on the strong foundation of our diverse and stable business.”
Nuveen’s global operating model is designed to provide specialized investment expertise across asset classes, meeting the needs of clients around the world and throughout various market cycles.
About William Huffman
Mr. Huffman serves as an executive sponsor of Nuveen’s Philanthropic Steering Committee and the Nuveen Culture and Inclusion Council, which is tasked with building an engaging culture for all associates. He led the acquisition of FAF Advisors, Greenworks Lending, and Arcmont Asset Management, and the integration of numerous affiliate businesses – including Nuveen Asset Management, TIAA Public Investments, TIAA Private Investments, Symphony Asset Management, NWQ Investment Management, Santa Barbara Asset Management, and Churchill Asset Management.
Prior to joining Nuveen, Mr. Huffman was the Chief Executive Officer of Northern Trust Global Investments Limited. He resides in the Chicago area and serves his community as Vice Chairman of the Board of Directors for the Boys and Girls Clubs of Chicago, and a Rush System Trustee Member and a Member of the Cancer Advisory Council.
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of March 31, 2024, and operations in over 25 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies.
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