Nuveen Investments appoints managing director

Nuveen Investments, a branch of TIAA Global Asset Management, has appointed Bill Stout as managing director and head of Alternative Investments Business Development.

Stout will be responsible for helping the firm place new private funds onto the investment platforms of wealth managers serving retail and high-net-worth investors, growing alternative investment distribution capabilities, and representing many of the investment strategies to clients on behalf of portfolio managers.

Based in New York, Stout will report to Mike Perry, managing director, head of Alternative Investments for Nuveen.

Stout has over 14 years of alternative investments experience.

He most recently served as managing director of Business Development and Investor Relations at Corsair Capital Management, where he headed the sales and client service efforts.

Formerly, he was managing director at hedge fund-of-funds Robeco-Sage as well as successor firm Arden Asset Management serving in sales, business development, and investor relations leadership roles.

TIAA Global Asset Management had $861bn (€759.8bn) in assets as of 31 March 2016.

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