Jose Minaya, president and chief investment officer of money manager Nuveen, was named the next CEO of the firm, effective Jan. 13, 2020.
He will retain his title as chief investment officer, and his responsibilities as president will continue under the CEO title, said spokesman Stewart Lewack.
Mr. Minaya will replace current CEO Vijay Advani, who will become executive chairman, a newly created position. Mr. Advani’s responsibilities will concentrate on impact and environmental, social and governance investing, further developing Nuveen Labs — the firm’s independent team concentrating on innovations such artificial intelligence and machine learning — and expanding Nuveen’s business outside the U.S.
Mr. Minaya joined Nuveen’s parent company TIAA-CREF in 2004 and Mr. Advani joined Nuveen predecessor TIAA Global Asset Management in 2017.
Nuveen has about $1.03 trillion in assets under management.