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"Investors need to solve for a diverse and growing list of challenges - income generation, diversification, longevity risk and retirement readiness, and matching assets with liabilities, among others - and our clients are asking us to be problem solvers and help them think and execute against their goals," said Cook. "Frank van Etten has a strong and consistent record of success in building global investment capabilities. His hire and the development of an advisory led, multi-asset approach to helping our clients produce specific outcomes are critical inflection points for Nuveen and our mission to better serve investors everywhere."

Nuveen manages more than $900 billion in assets on behalf of advisors, institutions and governments as well as retirement plans and their participants on behalf of parent firm TIAA. Its dozen investment affiliates provide a range of specialist knowledge and skills across public and private asset classes and every type of investment vehicle, all of which van Etten and his colleagues will draw on.

"Nuveen's breadth of excellent investment capabilities with proven track records and focus on generating outcomes that lead to better long-term results has helped this firm earn the trust of clients everywhere," said van Etten. "I'm excited to be able to help build on this legacy."

The appointment of a CIO for Multi-Asset Solutions is part of the evolution of Nuveen's client services. Earlier in the year the firm enhanced its product, marketing and distribution teams and aligned them as a single business unit, Nuveen Advisory Services, led by Cook. It also named Carl Katerndahl head of U.S. Advisory Services and John Panagakis head of International Advisory Services. Nuveen's Advisory Services seeks to better understand client needs and deploy all of the firm's insights and investment capabilities to address them. In addition, the firm's global consultant relations and global strategic relations teams jointly report into Katerndahl and Panagakis.

Van Etten will lead the development of Nuveen's multi-asset platform - all with the goal of delivering a seamless client experience. Nuveen's current multi-asset solutions teams in retail and institutional client channels will work closely together over the next several months to create a new, unified solutions organization while continuing to fulfill their current investment and client-serving roles. As a group, they and van Etten will partner with investment and product, marketing and distribution colleagues across the firm to serve all client segments and identify opportunities for new cross-asset-class solutions.

Van Etten joins from UBS Asset Management, where he was most recently Co-Head of Portfolio Management Investment Solutions, leading a global investment team that was responsible for the investment performance of multi-asset strategies and solutions. Prior to joining UBS, he was Deputy CIO for Multi-Asset Strategies and Solutions at Voya Investment Management. He began his career at ING Investment Management, where he held a variety of investment-related roles.