
Organization
Nuveen's rating reflects a mix of strong and weak scores across its bias criteria, with high risk in employment protection and advocacy bias offsetting lower risk in discriminatory philanthropy. Overall, the company sometimes lets political or identity-driven initiatives influence its governance, which the profile suggests can create risks for its business, employees, and shareholders while still maintaining some merit-based practices.
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Nuveen, LLC is an American asset manager and wholly owned subsidiary of financial services organization TIAA, itself known for its legacy focus on managing retirement savings for not-for-profit institutions such as universities and their employees. As a consequence of integration efforts over the last several years, Nuveen now manage the entirety of TIAA's capital as well as all capital sourced from third parties. It is one of a limited number of non-sovereign money managers globally that have exceeded $1 trillion dollars in assets under management (AUM) in recent years, and one of only a few that are not part of a larger organization offering retail or institutional banking at scale.