Nuveen, the global investment manager with close to $900 million in assets under management, has named President and Chief Operating Officer Vijay Advani its new CEO, effective Apil 21.
Advani, who joined the money management firm in December, replaces Rob Leary, who is leaving to pursue another professional opportunity, according to a company statement.
“Vijay is ideally suited to lead our asset management business, given his industry background and global experience,” said Roger W. Ferguson, President and CEO of TIAA, which acquired Nuveen in April 2014 and then adopted the Nuveen name for its asset management business in January 2017, putting the firm’s 12 investment affiliates under one umbrella. “He is a skilled leader whose vision for the business will serve our clients well.”
Ferguson also thanked Leary “for his significant contributions to TIAA and, especially, to the growth of our asset management business since he joined us in 2013. We wish him well in his new endeavor.”
Leary’s replacement, Advani, joined Nuveen in January 2017 from Franklin Templeton Investors, where he had worked for more than 20 years, and was most recently its co-president, responsible for long-term strategic initiatives, investment management, trading and global retail and institutional distribution.