A new chief will take over Nuveen [profile] in two months. Yet the old chief isn't leaving.

Jose Minaya Nuveen President, Chief Investment Officer

Today Roger Ferguson, president and CEO of TIAA (Nuveen's parent), confirms that Jose Minaya will take over as CEO of Nuveen on January 13. Minaya, who currently serves as Nuveen's president and chief investment officer, will succeed current Nuveen CEO Vijay Advani, who will become executive chairman.

After the handoff, Minaya's responsibilities will include leading Nuveen day-to-day and chairing its executive committee. Minaya and Advani will team up on firm strategy. And Advani's mandate will focus on three long-term growth opportunities: ESG and impact investing, Nuveen Labs (a new unit he unveiled earlier this year with Wendy Harrington at the helm), and non-U.S. investing and business.

Vijay C. Advani Nuveen CEO

Advani lauds Minaya's "unparalleled drive, judgment and business acumen" and describes the rising chief as "a seasoned investor and empathetic leader." Ferguson describes Minaya as "a thoughtful, well-respected and experienced leader who has made many key contributions to the success of TIAA and Nuveen."

"I'm also grateful to Vijay for all he has accomplished in the past few years and pleased that he is taking on a role that will focus his entrepreneurial skills and experience on Nuveen's growth," Ferguson states.

Advani joined Nuveen at the beginning of 2017 and rose to CEO a few months later. Prior to that he spent 21 years at Franklin Templeton, most recently as co-president. He also worked at IFC and is an alumnus of UMass Amherst and of the University of Mumbai.

Minaya, an alumnus Dartmouth College's Tuck School of Business and of Manhattan College, joined TIAA's asset management arm in 2004 as a PM and served in several other positions before rising to president and CIO of Nuveen in 2017. Before joining TIAA, he worked at AIG, Talk America, Merrill Lynch, and J.P. Morgan. 

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