Nuveen appoints global real estate head

Nuveen/real-estate/appointment/

2 April 2025
| By Laura Dew |
image
image image
expand image

Nuveen has appointed a global head of estate, a successor to Chris McGibbon who steps down after almost 25 years. 

McGibbon joined the firm in 2001 and will remain at the firm for a smooth transition until 30 June. 

His replacement, Chad W Phillips, will take up the role effective immediately as well as chair the Nuveen real estate global leadership team. 

In the role, Phillips will be responsible for $141 billion in assets under management of commercial real estate equity and debt investments extending across 22 countries globally.

He joined Nuveen in 2019 and was most recently its global head of healthcare, office, retail and mixed-use which saw him oversee the strategy, performance, and day-to-day investment and fundraising activities across those sectors.

Nuveen is the investment manager of TIAA and has US$1.3 trillion in assets under management across traditional and alternative funds. 

Mike Sales, chief executive of real assets, said: “Chad is known for his leadership style, investment expertise and consistent commitment to client service. I have every confidence he will maintain our drive for excellence as he guides the platform into the future.”

“Over the course of nearly 25 years with TIAA and Nuveen, including the last six years as global head of Nuveen Real Estate, Chris has worked tirelessly to grow and transform our real estate business, which is now a top five global player. His vision, dedication to clients, focus on investment performance and support of our top talent will leave a lasting impact on our real estate business.”

Phillips added: “It’s a privilege and a pleasure to take on the leadership of Nuveen Real Estate, a dynamic platform that combines deep sector expertise with the advantages of our size and scale. Focusing on our clients’ objectives will remain our foremost priority as we continue building our platform’s reputation for innovation through the expertise and hard work of our industry-leading teams.” 

Commenting on the leadership transition, McGibbon said: “I’m incredibly proud of the platform that we’ve built and confident that Nuveen’s real estate business is in very good hands with Chad at the helm. The global leadership position that the platform has achieved is a testament to the strength of our team and their constant dedication to our investors.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 6 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 5 days ago

TOP PERFORMING FUNDS