The latest moves, appointments and personnel changes in the North American wealth management sector.

Churchill Asset Management
Churchill Asset Management, an investment specialist of asset management group Nuveen, has appointed Michael Foley as senior managing director, head of institutional. 

Foley will be responsible for leading Churchill’s institutional fundraising strategy, strengthening existing and building new client relationships globally. He will report to president and CEO Ken Kencel and sit on the firm’s operating committee.

Foley has also been made co-head of institutional business development for Nuveen Private Capital jointly with David Burnside, head of business development at Arcmont Asset Management. 

Based in Churchill’s New York City headquarters, Foley brings more than 20 years of experience in asset management. He has joined from Franklin Templeton where he led the firm’s US institutional direct sales, consultant relations and relationship management teams. Prior to that, he led Guggenheim’s institutional client group for the Americas and Europe and held distribution leadership roles at BlackRock and AllianceBernstein.

At present, NPC’s private capital platform has $87 billion of assets.

“We believe middle market private capital remains a strong risk-adjusted return opportunity for investors seeking yield, downside protection and resilience across cycles,” Kencel said. “Michael’s deep institutional relationships and track record of scaling global distribution platforms will be instrumental as we continue to service our client base and maximize cross-selling opportunities across the broader Churchill, Nuveen and NPC platforms.”

Separately, Churchill has added to its investor solutions group, appointing Elizabeth Leung as managing director, head of client services in August. Leung brings 25 years of investor relations experience, most recently serving as partner, MD, and co-head of client relations and business development at Aetos Alternatives Management. 

Raymond James 
Raymond James has welcomed financial advisors Stew Flaherty and Tami Colvin to its independent advisor channel.

The duo have arrived from Commonwealth Financial Network where they managed approximately $305 million in client assets. 

They operate as FlahertyColvin in Westerville, Ohio and are joined by registered service representative Lia Casino, and client services associates Erin Bäby and Tamara Adams.