Nuveen switches up executive team

Nuveen has appointed a new chief executive from inside the company as it switches up its executive team, and has announced a permanent head of real estate for the Asia Pacific region.

Current president Jose Minaya will move into the role of chief executive in January 2020 when current chief executive Vijay Advani becomes executive chairman.

Taking the top spot, Nuveen said Minaya will lead the firm's day-to-day operations, including oversight of investment management teams and client businesses.

"He will help set strategy in partnership with Advani, drive key initiatives and chair the Nuveen executive commit.  He will also engage with key clients, regulators and peers," Nuveen said.

Minaya has previously held roles at AIG, Merrill Lynch and J.P. Morgan.  In 2015 he became head of Nuveen's real estate business, then became chief investment officer in 2018 and was named president in June this year.

"Jose's unparalleled drive, judgment and business acumen make him the right person to take Nuveen forward," Advani said.

"He's been a great colleague and partner to me, and he is equally well regarded across our firm as a seasoned investor and empathetic leader."

As executive chairman, Advani will concentrate on three key growth areas; impact and ESG investing and growing Nuveen's business and investment capabilities outside the US.

Meanwhile, Nick Evans has now taken on the role of managing director of Nuveen Real Estate Asia Pacific on a permanent basis.

"As part of this role, Nick has become a member of the global real estate leadership team and leads the Asia Pacific real estate leadership team," Nuveen said.

"The Asia Pacific region remains a core focus for Nuveen Real Estate's global growth aspirations. With commercial real estate debt, retail, office and housing investments across Asia Pacific, the business has a growing portfolio, representing over $3 billion, across the region."

Read more: Nuveen Real Estate Asia PacificJose MinayaVijay AdvaniNick EvansAIGJ.P. MorganMerrill Lynch
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