$930 billion Nuveen’s head of private markets is retiring amid ‘challenges’ to the asset management business

Nuveen's Heather Davis is leaving the asset manager after 24 years, while four equity portfolio managers are out.

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.In a Thursday memo to employees, Jose Minaya, the $930 billion firm's chief investment officer, said private markets head Heather Davis would retire.See alsoAs asset management growth grinds to a halt, firms have to get creative. Here are the 3 avenues analysts say will best boost revenue.

Davis joined the firm in 1995 and has served as president and chief investment officer for private markets since January 2017, according to her LinkedIn profile., Business Insider previously reported. In addition to the departures, Nuveen is consolidating its real estate and real assets team, which will be led by Mike Sales, the head of real estate.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Disney closes $71 billion acquisition of Twenty-First Century Fox's assetsWalt Disney Co closed its $71 billion acquisition of Twenty-First Century Fox In... and as changes come down the pipeline viewer will move else where nworbrennat96 😬😬😬😬 Predators and Xeno are gonna stalk the MCU...
Source: Reuters - 🏆 2. / 97 Read more »

Hidden cameras in Kraft probe shows how police can secretly infiltrate private businessThe investigation that involves Robert Kraft's case shows how police can secretly install hidden cameras inside a private business, a CNBC investigation finds. CNBC This is the shit I hate about government CNBC I feel sorry for the LE Officers who had to watch the rub and tug videos of old white guys with sex slaves Patriots CNBC Using the patriot act to spy on US citizens should not be ok.
Source: NBCNews - 🏆 10. / 86 Read more »