US investment firm TIAA Global Asset Management has appointed Vijay Advani as president and chief operating officer, a newly created role, effective 9 January 2017.
He will report to Rob Leary, CEO of TIAA Global Asset Management.
Advani will work closely with Leary and other senior leaders to build and drive strategy for the firm. He will lead global distribution, drive data and analytics initiatives for portfolio management and product development as well as distribution. Also he will lead management committees.
Advani joins from Franklin Templeton Investments, where he was co-president.
He was responsible for long-term strategic initiatives, investment management, trading and global retail and institutional distribution.
He also held product development, client relationship and marketing leadership roles in Asia, Eastern Europe and Africa.
Advani served as president of Templeton Asset Management (India). Prior to joining Franklin Templeton, he spent 11 years at the International Finance Corporation, the World Bank Group unit responsible for helping governments to develop securities and financial markets.
“TIAA Global Asset Management’s investment expertise in global public markets and alternatives, combined with its rich heritage, put the firm in a strong position to provide long-term value for its clients,” said Advani.
TIAA Global Asset Management had $915bn (€874.7bn) in assets under management as of 30 September 2016.