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Thursday, January 28, 2016
Amboian and Schreier Pass the Reins
John Amboian and Tom Schreier are handing over leadership of Nuveen [profile] to a new pair of leaders. Yet only one of the two is riding off into the sunset.
Adams currently serves as senior executive vice president of global structured products at Nuveen. He has lead that unit since 1999, and he joined Nuveen in 1981. He is an alumnus of Yale and of the University of Chicago.
Adams and Cook will create a new management committee. The other two members of the new committee will be Anthony Ciccarone, executive vice president and head of strategic partnerships and advisory solutions, and Carl Katerndahl, senior executive vice president and head of retail and high net worth distribution.
"Over the course of his 20 years at Nuveen, John guided Nuveen as a successful public company and as a private-equity owned business, culminating in Nuveen's strategic acquisition by TIAA-CREF in 2014," Leary states, praising the "terrific Nuveen brand name and [Nuveen's] stable of outstanding investment affiliates."
Schreier joined Nuveen at the end of 2010 when the fund firm bought FAF Advisors. Schreier served as CEO of FAF, and prior to that he worked at Piper Jaffray and Credit Suisse First Boston. He is an alumnus of Notre Dame and of Harvard.
TIAA-CREF bought Nuveen in the fall of 2014 for $6.25 billion. As of December 31, 2015, Nuveen had about $225 billion in AUM.
Printed from: MFWire.com/story.asp?s=53360
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