A former asset management chief is leaving the C-suite of Nuveen's parent company, though she aims to stay involved in the industry.

Carol Deckbar (nee Ward)

Carol Deckbar retired from TIAA last week, MFWire has learned. She most recently served as executive vice president and chief product officer at the New York City-based, higher education-focused financial services provider, and earlier she led TIAA-CREF Asset Management before it was combined with Nuveen.

"Carol made invaluable contributions to TIAA's work serving clients during her long tenure at the firm," a TIIA spokesperson tells MFWire via an emailed statement. "We are grateful for her inclusive leadership and strong commitment to developing her team to carry this work forward on behalf of our clients."

Deckbar posted thanks to the "many wonderful people along the way."

"Many have asked why I have chosen now — it's the right time. It's time for me to spend more time taking care of my family," Deckbar writes, nothing that she also has lots of board experience, both with TIAA and outside of it. "I am not sure I am ready to be completely 'out of the game' so I would love to obtain a Board position or two."

Deckbar joined what is now TIAA in 2006. Since then, she has had several roles have focused on mutual fund products. In 2011 she rose to COO of asset management, in 2014 to CEO of asset management, and in 2016 to head of institutional investment and endowment products services as well as principal of CREF. Before joining TIAA, she worked with AmSouth Bank, BofA, and Evergreen. She is an alumna of Elon University.

Deckbar's retirement from TIAA comes as the firm's CEO is preparing to retire and pass the reins on May 1. 

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