Nuveen (the investment manager of TIAA) – with $1.2 trillion in assets under management – announced the appointment of William Huffman as Chief Executive Officer. MrHuffman will chair the Nuveen Executive Leadership Team and serve as a member of TIAA’s Executive Committee. Huffman succeeds Jose Minaya.
With over 30 years of experience in asset management, most recently Huffman served as President of Nuveen Asset Management and Head of Equities and Fixed Income. Within this role Huffman led a team responsible for managing a global investment business with more than $1 trillion in assets under management across equities, fixed income, municipal bonds, multi-asset, private capital and C-PACE financing, providing the firm’s clients with diverse capabilities and solutions.
As a member of the firm’s Executive Leadership Team, Huffman has been at the forefront of Nuveen’s evolution since he joined in 2008 and played a major role in growing the firm’s assets under management to $1.2 trillion from $800 billion in 2014 when TIAA acquired Nuveen.
The expansion of Huffman’s role has included leading on multiple significant acquisitions while overseeing the investment teams responsible for managing over $1 trillion across public and private markets.
Nuveen’s operating model was designed to provide specialized investment expertise across asset classes, meeting the needs of clients around the world and throughout various market cycles.
Huffman serves as an executive sponsor of Nuveen’s Philanthropic Steering Committee and the Nuveen Culture and Inclusion Council, which builds an engaging culture for all associates.
Huffman led the acquisition of FAF Advisors (the former asset management division of U.S. Bank), Greenworks Lending and Arcmont Asset Management, and the integration of several 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.
Before joining Nuveen, Mr. Huffman was the Chief Executive Officer of Northern Trust Global Investments Limited. And 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.
KEY QUOTES:
“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.”
- Thasunda Brown Duckett, CEO of TIAA
“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.”*
- William Huffman
