Nuveen Private Capital Names Global Head of Private Wealth
Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, appointed Moshe Bajnon to the newly created role of senior managing director, global head of private wealth, effective October 29.
Bajnon will be responsible for leading the overall growth of Nuveen Private Capital’s private wealth platform. He will work closely with Nuveen to expand relationships with wealth platforms, broker dealers and registered investment advisors. He will also focus on identifying new products and opportunities to deliver Churchill and Arcmont’s investment strategies to private wealth investors globally.
Reporting to Churchill President and CEO Ken Kencel and Anthony Fobel, CEO of Arcmont, Bajnon will be based in Churchill‘s New York office and will also serve as co-head of Churchill’s investor solutions group.
Bajnon joins from Ares Management‘s Private Wealth Group, where he served as partner and co-head. He formed and ran the group in 2016, and also played a significant role in the creation and expansion of Ares Wealth Management Solutions in 2021. Prior to Ares, he held senior positions at Trian Partners and Morgan Stanley.
Nuveen Private Capital is looking to tap into the democratization of alternatives trend that contains over $70 trillion in untapped market potential, said Kencel. The “firms who invest in their talent and infrastructure and have the scaled distribution capabilities to educate investors about compelling opportunities will be well positioned to capture market share,” he added.
Nuveen Private Capital was formed in March 2023 following Nuveen’s majority acquisition of Arcmont, which in combination with Churchill, created a $74 billion private capital platform. Collectively, Churchill and Arcmont deployed $18 billion in support of U.S. and European private equity firms and their portfolio companies over the last 12 months ended June 30.
“As individual investor demand for alternative investment strategies increases, there is a significant opportunity to expand the Nuveen Private Capital footprint,” said Bajnon.
