Churchill Asset Management and Arcmont Asset Management, the U.S. and European asset management companies of Nuveen Private Capital, appointed Moshe Bajnon as senior managing director, global head of private wealth, effective Oct. 29, 2024. Reporting directly to Ken Kencel, president and CEO of Churchill, and Anthony Fobel, CEO of Arcmont, Bajnon will be based in Churchill’s New York City headquarters and also serve as co-head of Churchill’s investor solutions group.
In this newly created role, Bajnon will be responsible for leading the overall growth of Nuveen Private Capital’s private wealth platform and in close partnership with Nuveen, deepening relationships with wealth platforms, broker dealers and registered investment advisors. He will also focus on identifying new products and opportunities to deliver Churchill and Arcmont’s investment strategies to private wealth investors globally.
“Private capital’s early growth was concentrated in the institutional market, but we believe the future lies in the democratization of alternatives. With over $70 trillion in untapped market potential, firms who invest in their talent and infrastructure and have the scaled distribution capabilities to educate investors about compelling opportunities will be well positioned to capture market share,” Kencel said. “Moshe’s extensive relationships, along with his experience building and scaling wealth platforms for alternative asset managers, will be critical as we continue to broaden our presence within the private wealth community.”
Bajnon joins from Ares Management, where he was a partner and co-head of the private wealth group. He formed and ran the group in 2016, and also played a significant role in the creation and expansion of Ares Wealth Management Solutions in 2021. Prior to Ares, he held senior positions at Trian Partners and Morgan Stanley. He began his career at Bank of New York.
“As individual investor demand for alternative investment strategies increases, there is a significant opportunity to expand the Nuveen Private Capital footprint,” Bajnon said. “The strength of the Churchill and Arcmont brands, their established track records and the partnership with Nuveen’s extensive global wealth team will be key to this growth. I look forward to collaborating internally and externally to enhance access to our award-winning middle market private capital platform.”
