William Huffman has been with Nuveen since 2008 (Image: Nuveen)
US investment manager Nuveen on Thursday announced William Huffman as its new chief executive officer, replacing Jose Minaya.
A 16-year Nuveen veteran, Huffman has served most recently as president of Nuveen Asset Management as well as head of equities and fixed income, where he led a team managing a global investment business with more than $1 trillion in assets under management.
“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,” said Thasunda Brown Duckett, chief executive of Nuveen’s parent company, TIAA.
In his new role Huffman will also chair the Nuveen executive leadership team and serve as a member of TIAA’s executive committee. In announcing the leadership change TIAA’s Duckett wished Minaya success in the future, while no details were provided regarding timing for the transition.
Company Veteran
In the statement Nuveen credited Huffman with having 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.
Thasunda Brown Duckett, chief executive of Nuveen’s parent company, TIAA
“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,” Huffman said. “An increased international presence will enable Nuveen to serve clients in new ways, building on the strong foundation of our diverse and stable business.”
In his time at Nuveen, Huffman led the acquisition of FAF Advisors (the former asset management division of US Bank), Greenworks Lending and Arcmont Asset Management, and the integration of 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, according to the statement.
Huffman also serves as an executive sponsor of Nuveen’s Philanthropic Steering Committee and the Nuveen Culture and Inclusion Council.
Prior to joining Nuveen in 2008, Huffman was chief executive officer of Northern Trust Global Investments Limited. He currently resides in the Chicago area.
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