Nuveen, a global investment manager with $1.3 trillion assets under management, has appointed Harriet Steel as global head of institutional.
She joins from Pemberton, where she was head of global clients and will lead Nuveen’s institutional business growth, oversee sales and client relations teams, and work with a global team of 250+ professionals.
Steel spent over 11 years at Federated Hermes, leading international business development. She also founded Portico Advisors and held roles at Bankers Trust and Morgan Stanley.
Steel will report to Mike Perry, head of the global client group and will also focus on expanding Nuveen’s insurance client segment and managing investments for TIAA’s general account across fixed income, private credit, real estate, and natural capital.
Nuveen head of global client group Mike Perry says: “In a world where institutional investors want to do more with fewer managers, the need for scale, diversification, and global reach have never been more important. Nuveen’s institutional business assets and revenues continue to grow at impressive levels ahead of the global industry as a whole, and we expect to take it to the next level with someone of Harriet’s calibre and experience now at the helm.”
Nuveen newly appointed global head of institutional Harriet Steel says: “The breadth, depth and scale of Nuveen’s $1.3 trillion investment platform across both public and private asset classes continues to attract some of the world’s largest institutional investors.
“Nuveen’s inherent client alignment, heritage in product innovation and shared purpose with its parent company TIAA of investing for future generations to thrive, make for a truly compelling offering. It is an extremely exciting time to join Nuveen, and I look forward to leading our institutional client group and business through the next stage of its impressive global growth story.”
