Nuveen Strengthens Alternatives Business Development Team With Two Senior Hires

Mar 22 2017 | 7:56pm ET

Global asset management giant Nuveen has expanding its alternative investments business development capabilities with the hiring of former Man Investments executive James Wing and ex-Rothschild Asset Management managing director Michael Welch. 

The two men come aboard Nuveen as managing directors based in the company’s Chicago and San Francisco offices, respectively, according to a statement. The duo will partner with the broader Nuveen distribution team to place new private funds onto the investment platforms of wealth managers serving retail and high-net-worth investors. 

In their new roles, which are new, the two will report to Bill Stout, head of business development for Nuveen’s alternative investments platform.

Prior to joining Nuveen, Wing was managing director, U.S. private wealth, at Man Investments, where he covered hedge funds, sub-advised alternative asset funds, and managing key platform and distribution relationships. He has worked with high-net-worth and institutional clients, serving financial advisors, private bankers, independent advisors, family offices, public pensions, foundations, endowments, and corporations over 24 years in the business.

Welch comes to Nuveen from Rothschild Asset Management where he was a managing director responsible for leading global consultant relations, direct sales and client relations. He has worked in both the institutional and high-net-worth markets, serving consultants, endowments, foundations, public pensions and corporates.  He has 25 years of experience in asset management across marketing, sales and relationship management functions.

“James and Mike are important additions to our growing team,” said Stout in the statement. “We have deep experience in alternative asset classes, both domestically and internationally, and their backgrounds will enhance our strategic efforts toward furthering our position as a global leader in the alternative investments marketplace.  

Nuveen, formerly known as TIAA Global Asset Management, is the investment management business of TIAA. The company has $882 billion in assets under management as of 12/31/16, $161 billion of which is in alternatives across real estate, real assets and alternative equity and credit. 

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