Nuveen Personal Capital has appointed Moshe Bajnon to the newly-created function of worldwide head of personal wealth.
He might be chargeable for main the general development of the agency’s non-public wealth platform, increasing its relationships with wealth platforms, dealer sellers and registered funding advisers.
Bajnon (pictured) joins from Ares Administration the place he was a associate and co-head of the non-public wealth group. He fashioned and ran the group in 2016, and likewise helped to create and broaden Ares Wealth Administration Options in 2021.
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Previous to Ares, he held senior positions at Trian Companions and Morgan Stanley.
Nuveen Personal Capital was fashioned in March 2023 following Nuveen’s majority acquisition of Arcmont Asset Administration, which together with Churchill Asset Administration, created a $74bn (£56.7bn) non-public capital platform and one of many world’s largest non-public credit score managers.
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“Personal capital’s early development was concentrated within the institutional market, however we consider the long run lies within the democratization of options. With over $70tn in untapped market potential,1 companies who put money into their expertise and infrastructure and have the scaled distribution capabilities to coach traders about compelling alternatives might be properly positioned to seize market share,” stated Ken Kencel, president and chief govt of Churchill. “Moshe’s in depth relationships, alongside along with his expertise constructing and scaling wealth platforms for various asset managers, might be essential as we proceed to broaden our presence inside the non-public wealth neighborhood.”
Bajnon’s new function comes into impact on 29 October. He’ll report on to Kencel and Anthony Fobel, chief govt of Arcmont.
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He might be based mostly in Churchill’s New York Metropolis headquarters and also will function co-head of Churchill’s investor options group.
“As particular person investor demand for various funding methods will increase, there’s a vital alternative to broaden the Nuveen Personal Capital footprint,” stated Bajnon.
“The power of the Churchill and Arcmont manufacturers, their established observe information and the partnership with Nuveen’s in depth international wealth crew might be key to this development.”
