Nuveen Private Capital hires global head of private wealth
Nuveen Private Capital has appointed Moshe Bajnon to the newly-created role of global head of private wealth.
He will be responsible for leading the overall growth of the firm’s private wealth platform, expanding its relationships with wealth platforms, broker dealers and registered investment advisers.
Bajnon (pictured) joins from Ares Management where he was a partner and co-head of the private wealth group. He formed and ran the group in 2016, and also helped to create and expand Ares Wealth Management Solutions in 2021.
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Prior to Ares, he held senior positions at Trian Partners and Morgan Stanley.
Nuveen Private Capital was formed in March 2023 following Nuveen’s majority acquisition of Arcmont Asset Management, which in combination with Churchill Asset Management, created a $74bn (£56.7bn) private capital platform and one of the world’s largest private credit managers.
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“Private capital’s early growth was concentrated in the institutional market, but we believe the future lies in the democratization of alternatives. With over $70tn in untapped market potential,1 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,” said Ken Kencel, president and chief executive of Churchill. “Moshe’s extensive relationships, along with his experience building and scaling wealth platforms for alternative asset managers, will be critical as we continue to broaden our presence within the private wealth community.”
Bajnon’s new role comes into effect on 29 October. He will report directly to Kencel and Anthony Fobel, chief executive of Arcmont.
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He will be based in Churchill’s New York City headquarters and will also serve as co-head of Churchill’s investor solutions group.
“As individual investor demand for alternative investment strategies increases, there is a significant opportunity to expand the Nuveen Private Capital footprint,” said Bajnon.
“The strength of the Churchill and Arcmont brands, their established track records and the partnership with Nuveen’s extensive global wealth team will be key to this growth.”
