Global investment manager Nuveen is expanding its alternative investments business development capabilities with the hire of James Wing and Michael Welch.
Joining in newly created roles, the pair will partner with the broader Nuveen distribution team to place new private funds onto the investment platforms of wealth managers serving retail and high-net-worth investors.
Based in Chicago and San Francisco, respectively, Wing and Welch will bolster the firm’s growing alternative investment distribution capabilities and report to Bill Stout (pictured), head of business development for Nuveen’s alternative investments platform.
Wing and Welch will both serve as managing directors working with Nuveen’s US distribution teams to deliver private market and real asset investment solutions, and representing many of the investment strategies to clients on behalf of portfolio managers.
Most recently, Wing was managing director, US private wealth at Man Investments, covering hedge funds, sub-advised alternative asset funds, and managing key platform and distribution relationships.
He has worked with high-net-worth and institutional clients, serving financial advisers, private bankers, independent advisors, family offices, public pensions, foundations, endowments, and corporations. He has 24 years’ experience developing, positioning and placing investment solutions for US investors.
Welch comes to Nuveen from Rothschild Asset Management where he was a managing director responsible for leading global consultant relations, direct sales and client relations. He has worked in both the institutional and high-net-worth markets, serving consultants, endowments, foundations, public pensions and corporates. He has 25 years of experience in asset management across marketing, sales and relationship management functions.
“James and Mike are important additions to our growing team,” says Stout. “We have deep experience in alternative asset classes, both domestically and internationally, and their backgrounds will enhance our strategic efforts toward furthering our position as a global leader in the alternative investments marketplace. With the combined capabilities of TIAA and Nuveen currently managing USD161 billion in alternatives AUM across real estate, real assets and alternative equity and credit, we are able to offer alternative investment and outcome-based solutions that provide diversification opportunities to our clients.”
