Nuveen continued its quest for DCIO dominance Wednesday with its announcement of several key executive appointments.
Nuveen, the fourth largest investment manager in defined contribution in the United States and the sixth largest manager of target date fund assets, said the new hires are “part of a strategic growth initiative which began with the appointment of Erin Donnelly in April 2016 to lead the firm’s fully integrated DCIO efforts.”
“We see tremendous opportunity to leverage our firm’s century of experience in retirement plan investing and are pleased to welcome these talented professionals to the team as part of our plan to do so,” Donnelly, Executive Vice President and Head of DCIO at Nuveen, said in a statement. “Building on our record DCIO sales in 2016, we are now even better positioned to bring the full breadth of our highly competitive investment solutions to retirement plan clients.”
Additions to the team include:
- Kate Jonas, who joined as leader of the Consultant Relations team and is based in New York. In this role, she supports the firm’s sales efforts in both the defined benefit and defined contribution plan markets, building out Nuveen’s strategy and support of consultants. Jonas joined the firm from BlackRock’s Global Client Group.
- Christine Stokes, who joined as Head of Retirement Practice Management and is based in New York. Stokes is responsible for enhancing the firm’s practice management offering in the retirement space to support the distribution growth strategy. Previously, Stokes worked at Voya Investment Management.
- Daniel Noschese, who joined the DCIO Sales team and is based in Chicago. He is responsible for sales through retirement specialists in the Midwest. Formerly with Putnam Investments, Noschese served as a Defined Contribution Investment Specialist.
- Matthew Kasa, who joined the DCIO Sales team and is based in Newport Beach. Kasa is responsible for DCIO sales and retirement advisor development in the Southwest. Most recently, Kasa was a vice president for DCIO sales with American Century Investments.
- Ashish Gandhi, who will join in mid-May with responsibility for DCIO Institutional Sales. He will be based in Boston. Gandhi will execute Nuveen’s new business development efforts targeting large institutional clients representing Nuveen’s suite of capabilities, including its target date offerings, to defined contribution plan sponsors. Gandhi was previously a director within LMCG Investments’ institutional business.
Its says its DCIO team works in consultation with plan sponsors, consultants and retirement plan advisors to evaluate the investment menus of retirement plans and identify ways to improve outcomes for plan participants.