
Harriet Steel
Nuveen announced Thursday the appointment of Harriet Steel as its global head of institutional, a new role at the $1.3 trillion asset management arm of TIAA.
Steel will be responsible for accelerating the growth of Nuveen’s institutional business, according to a statement from the firm. She will lead all sales, asset class specialists and consultant relations personnel. Steel will also be responsible for leading the growth of Nuveen’s insurance client segment.
Based in London, Steel will report to Mike Perry, head of the global client group at Nuveen.
“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,” Perry said in a statement. “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 caliber and experience now at the helm.”
Steel was previously a partner in and head of global clients at Pemberton Asset Management, a European private credit manager. She was also head of international business development at Federated Hermes. Before Steel joined Hermes (later acquired by Federated Investors) in 2011, she founded asset-raising and marketing advisory firm Portico Advisors.
“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,” Steel said in a statement. “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.”
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Tags: Harriet Steel, Mike Perry, Nuveen, TIAA