Nuveen has appointed several key executives to positions supporting its expanding Defined Contribution Investment Only (DCIO) business.
“Demand for our retirement plan investment solutions has been robust with our active and index target date strategies seeing particularly high levels of inflows as a result of their competitive performance, strong showing in industry rankings and relatively low costs. Our DCIO business grew nearly 40 per cent in 2017 which is a testament to the competitive offering we have for plan sponsors, consultants and advisors,” says Erin Donnelly (pictured), executive vice president and head of Nuveen’s DCIO business. “Our success in this business segment has certainly been an advantage in attracting top talent to support our plans to continue growing in this business in the year ahead.”
Additions to Nuveen’s DCIO team include Peter Whitman ho has joined the firm as managing director responsible for DCIO Strategic Accounts reporting directly to Donnelly. He will oversee the firm’s retirement presence across record-keeping, retirement intermediary and other third-party retirement platforms and relationships. Whitman will also focus on building Nuveen’s retirement sub-advisory business.
Greg Koleno has joined the DCIO sales team reporting to Brendan McCarthy, DCIO National Sales Director, and is based in Portland, Oregon. Koleno is responsible for DCIO sales in the Northwest. Previously, Koleno was vice president for DCIO sales covering the Pacific Northwest for American Century Investments.
James Polito has joined the DCIO sales team, also reporting to McCarthy, and is based in Charlotte, North Carolina. Polito is responsible for DCIO sales in the Southeast. Most recently, Polito was vice president and retirement consultant for DCIO sales with BNY Mellon covering the southeastern United States.
Complementing the new DCIO team hires, Nuveen hired Jeff Eng as managing director responsible for retirement solutions reporting to Martin Kremenstein, senior managing director and head of Nuveen’s retirement and ETF solutions business. In this role, Eng supports the firm’s retirement businesses by leading new product initiatives. Eng joins the firm from AB, where he was head of their custom defined contribution solutions business.
Nuveen DCIO team delivers a wide range of fixed income and equity mutual funds and a diversified suite of environmental, social and governance (ESG) equity and fixed income funds, including the TIAA-CREF Social Choice Bond Fund (TSBIX). The team also offers the firm’s active and passive target date funds such as TIAA-CREF Lifecycle 2040 (TCIOX) and TIAA-CREF Lifecycle Index 2040 (TIZLX), asset allocation strategies that can act as the qualified default investment alternative (QDIA) of defined contribution plans.
