$930 billion Nuveen’s head of private markets is stepping down amid ‘challenges’ to the asset management business
|03/21/2019||Posted by BusinessMediaguide.Com under General World News||
- Nuveen’s Heather Davis is leaving the asset manager after 24 years, while four equity portfolio managers are out.
- Davis was the head of private markets for $930 billion Nuveen where she oversaw private equity, private debt, infrastructure and energy.
- Her departure follows four equity portfolio managers earlier this week. Asset managers have been cutting both staff and senior executives in a push to cut costs.
Both Nuveen’s private and public markets teams are seeing cuts amid a challenging environment for the asset management industry.
In a Thursday memo to employees, Jose Minaya, the $930 billion firm’s chief investment officer, said private read more >>>