13th April 2025 – United States TIAA investment manager Nuveen ($1.3 trillion AUM) has appointed Chad Phillips as Global Head of Nuveen Real Estate ($141 billion AUM), succeeding Chris McGibbon who is retiring (30/6/25) after nearly 25 years at Nuveen. Chad Phillips joined Nuveen in 2019 from Guggenheim Real Estate ($330 billion AUM) after 14 years. Nuveen (1/4/25): "Nuveen, the investment manager of TIAA, announced today that Chad W. Phillips will serve as Global Head of Nuveen Real Estate, effective immediately, as the firm activates long-standing succession plans following Chris McGibbon's decision to retire after nearly 25 years of service. In this role, Mr. Phillips will be responsible for $141 billion in assets under management of commercial real estate equity and debt investments extending across 22 countries globally.