Names & Faces

Emilia Wiener Promoted To Chief Investment Officer Of TIAA General Account

Wen-Fu Wu becomes Head of Fixed Income and Deputy CIO

Jan. 3, 2023 – TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, has promoted Emilia (Emily) Wiener to serve as Chief Investment Officer (CIO) of the company’s $297 billion asset General Account (GA), effective January 15.

Wiener, who has served as Head of Fixed Income since joining the GA team in 2016, will be responsible for the overall portfolio investment policy and strategy, asset allocation, risk-adjusted targets across public and private fixed income, private equity, real estate and real asset alternatives and Treasury functions. She succeeds Nick Liolis, who is leaving TIAA to pursue other professional opportunities after more than seven years of delivering investment excellence.

“Every step in Emily’s three-decade career has increased her investment management acumen and responsibility, ensuring she is supremely well suited for the CIO role,” said Dave Dowrich, TIAA’s Chief Financial Officer. “She is an extremely accomplished investor with extensive expertise managing insurance company assets and is already a well-respected leader and colleague at TIAA.”

With Wiener’s elevation to CIO, Wen-Fu Wu will succeed her as Head of Fixed Income and also becomes Deputy CIO. Over the past 10 years he supported asset allocation across the GA.

Years Of Experience

Before coming to TIAA, Wiener held a similar role at AXA Equitable, where she led fixed-income portfolio management. Prior to joining AXA in 2010, Wiener held leadership roles on private placement fixed income teams at Genworth Financial, AllianceBernstein and The MONY Group.

Every step in Emily’s three-decade career has increased her investment management acumen and responsibility, ensuring she is supremely well suited for the CIO role...

“I am grateful for Dave and our leadership’s confidence in me and in the ability of our team,” said Wiener. “It is a privilege to continue the important work of helping our clients prepare for their financial futures. While we are proud of our accomplishments to date, we understand that secure retirements are built over time through steady, methodical work, underpinned by robust investment processes and controls.”

Wiener has spent most of her career in capital markets-focused portfolio management, with an emphasis on underwriting and pricing credit risk, structuring, negotiating and documenting complex private transactions, debt restructurings and managing fixed income and alternative investment portfolios.

Wiener reports to Dowrich and works in TIAA’s New York office. She received a bachelor’s degree in Economics, magna cum laude, from Wheaton College, and an MBA in Finance from New York University’s Stern School of Business.

“With Emily and Wen-Fu assuming responsibility for the General Account that backs TIAA’s flagship lifetime-income solution I am confident that our clients and our colleagues are in excellent hands,” said Dowrich.

 

 

 

About TIAA
TIAA is a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions. It is the #1 not-for-profit retirement market provider[1], paid more than $6.4 billion in lifetime income to retired clients in 2021 and has $1.2 trillion in assets under management (as of 9/30/2022)[2].
[1] As of July 21, 2022. Based on data in PLANSPONSOR’s 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data.
[2] As of September 30, 2022, assets under management across Nuveen Investments affiliates and TIAA investment management teams are $1,179 billion.

 

Leave a Reply

Your email address will not be published. Required fields are marked *