Money Management

Nuveen’s chief economist/head of quantitative strategies to depart

Keith Hembre, chief economist and head of quantitative strategies for Nuveen, announced he will leave the firm. He will remain in his role through Oct. 31.

Mr. Hembre "plans to pursue other opportunities outside of the firm," company spokeswoman Kathleen Cardoza said in an email. She declined to comment on where he is going after he leaves Nuveen.

The firm will not be seeking a replacement. His responsibilities will be assumed by members of Nuveen's asset management and solutions teams.

Nuveen had $973 billion in assets under management as of June 30.