Nuveen's New Chief Stresses Creating "an Enduring Impact"
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Tuesday, May 05, 2020

Nuveen's New Chief Stresses Creating "an Enduring Impact"

The new chief of a $1-trillion-AUM asset manager is stressing the importance of creating "an enduring impact on our world," in light of the COVID-19 crisis. Jose Minaya, who has been the CEO of Nuveen [profile] since January, sent a message to the company's clients on Tuesday.

Jose Minaya
In the message, Minaya writes, "The terrible challenges of the coronavirus are renewing my drive to deliver on Nuveen's purpose of investing to create an enduring impact on our world."

Minaya states, at the beginning on his Linkedin post, "When I became the CEO of Nuveen in January, we were over a decade into one of the longest bull markets. By the end of March, we were well into a bear market and grappling with a bona fide 100-year storm: a health crisis and an economic catastrophe. We are being tested like never before."

Minaya promises that Nuveen will continue to strengthen the partnership it maintains with its clients. The company has already offered thousands of clients materials which they can use to strengthen their own client's portfolios during the coronavirus and post-coronavirus crisis. These materials include real-time insights, commentaries, videos, conference calls, and direct access to experts.

Minaya confirmed that Nuveen is donating medical supplies, protective gear, and meals. In addition, the asset manager is "repurposing property investments for medical use" and "recently launched the Nuveen Impact Grant."

Minaya ended the statement stating, "As a private enterprise [TIAA, Nuveen's parent] truly aligned with our clients, we are free from the distractions of managing to a stock price or quarterly earnings and able to focus solely on delivering the best outcomes for our clients and our world."

Minaya has worked at Nuveen for more than three years. He is a current board member for the Robert Toigo Foundation. He spent twelve years at TIAA prior to joining Nuveen.

Minaya graduated from Dartmouth College with an MBA and received his BS in Manhattan College.

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