Otto Donner has been named as head of Nordics Business Development at Nuveen Private Capital, according to a news release.
NPC is made up of Arcmont Asset Management and Churchill Asset Management, acting as its respective European and U.S. arms.
Donner will focus on building and strengthening Nuveen Private Capital's coverage and private markets solutions across the Nordics. He will be based in Arcmont's office in Stockholm, Sweden. Nuveen has been contacted for comment regarding who he replaces in the role.
“Otto's extensive experience in business development and client services within the region and across asset classes will be invaluable to our firms," said Anthony Fobel, CEO of Arcmont Asset Management, in the news release.
"Otto will play a critical role in supporting NPC’s Nordic investor base, allowing us to further expand our private markets platform in the region.”
Previously, Donner was head of Nordics, sales and business development at M&G Investments, where he led business development in the Nordic region for four years with a focus on pension funds, insurance companies and banks. M&G have been contacted for comment regarding who will replace Donner in the role.
NPC was formed in March 2023 following Nuveen's majority acquisition of Arcmont, which in combination with Churchill, created a $75 billion private capital platform.
As a wider financial group, Nuveen had $1.3 trillion in assets under management as of Sept. 30.
