NEW YORK--(BUSINESS WIRE)--Following the recent rebrand of TIAA Global Asset Management, the firm is pleased to announce that Erin Donnelly has been appointed Managing Director and Head of Defined Contribution Investment Only (DCIO). In this role, Donnelly leads a unified DCIO business that combines the teams of both Nuveen Investments and TIAA Investments. The combined DCIO team will deliver a wide range of investment capabilities from TIAA Global Asset Management, including the full array of award-winning strategiesi and products from TIAA Investments and Nuveen.
"TIAA Investments and Nuveen have a long history of serving the retirement needs of investors with high-quality investment solutions and innovative products," said Rob Leary, CEO of TIAA Global Asset Management. "Bringing our teams together under Erin's leadership will provide a single point of access for advisors, consultants and plan sponsors who seek our high-performing mutual funds to help meet the investment goals of their clients."
Prior to this newly created role, Donnelly served as Managing Director of Business Development in Nuveen Wealth Management. Previously she spent nearly 15 years at Merrill Lynch, where she was MD and head of Global Funds and Insured Solutions. She will lead a recently expanded team of more than 20 dedicated DCIO professionals focused on meeting the growing advisor, consultant, and plan sponsor demand for TIAA Global Asset Management investment solutions in the 401(k), 403(b) and 457 marketplaces. The organization intends to add additional resources to support the retirement advisor and consultant needs in the middle and larger segments of the market.
“Through a unified business and dedicated DCIO resources, we can now offer—as never before—a complete suite of high-quality, high-performing investment strategies that meets the unique needs of the DCIO clients,” said Donnelly. “Our team will draw upon the best investment strategies and value-added programs from both firms to empower advisors, consultants, and plan sponsors with the tools and resources they need to build best-in-class retirement solutions for their clients and employees. With the recent industry recognition surrounding our funds and the significant expansion of our DCIO salesforce, it’s an exciting time for us in terms of what we can bring to our clients.”
In addition to bringing its high-performing active and index Lifecycle target-date series and other high-caliber Nuveen and TIAA Investments solutions to market — including traditional, alternative and specialty asset class investment strategies — the organization is pleased to provide financial advisors and consultants with such value-added tools as 401(k)ollege and Partner to Prosper to help them better serve their clients while building their own successful 401(k), 403(b) and 457 retirement plan businesses. To learn more about Nuveen and TIAA Global Asset Management’s retirement resources, please visit our Retirement Solutions site.
TIAA-CREF funds have been named Best Overall Large Fund Company for four consecutive years based on risk-adjusted returns. Additionally, TIAA-CREF funds received the U.S. Lipper Fund Award for Best Mixed Assets Large Fund Company for its Lifecycle, Lifecycle Index, Lifestyle and Managed Allocation Funds.i
Nuveen (Nuveen Fund Advisors, LLC) received nine 2016 Thomson Reuters Lipper Best Fund Awards across the Global Equity, International Equity and various Municipal Debt categories, for Class I Shares over the 3-, 5- or 10-year periods ending November 30, 2015. Visit nuveen.com for additional award information.
About Nuveen Investments
Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the financial advisors who serve them. Through the expertise and capabilities of high-caliber investment managers, Nuveen is committed to providing world-class consultative services and advice that align with client needs. Nuveen Investments is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen Investments website at www.nuveen.com.
About TIAA Global Asset Management
TIAA Global Asset Management provides investment advice and portfolio management through TIAA and more than a dozen affiliated registered investment advisers. Collectively managing $861 billion in assets (as of March 31, 2016), the business provides access to innovative investment strategies through expertise that spans traditional and alternative asset classes, generating new investment opportunities for clients through a wide array of vehicles including funds, customized strategies and solutions. TIAA Global Asset Management is committed to TIAA’s legacy of helping individuals and institutional investors achieve long-term investment success and financial well-being.
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TIAA© products may be subject to market and other risk factors. You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 or visit www.tiaa.org for applicable product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
TIAA Investments mutual funds are managed by Teachers Advisors, Inc. and marketed as TIAA-CREF Funds.
©2016 Teachers Insurance and Annuity Association, New York, NY 10017
iThe Lipper Large Fund Award is given to the group with the lowest average decile ranking of three years’ Consistent Return for eligible funds over the three-year period ended 11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48) and 11/30/15 (37) with at least five equity, five bond, or three mixed-asset portfolios. For the Mixed-Assets category, TIAA ranked against 39 fund families for the three-year period ended 11/30/15. From Thomson Reuters Lipper Awards,
© 2016 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org.
