Nuveen hires former Truist, Citi vet as head of muni buying and selling

Nuveen has employed Jamie Doffermyre as its head of municipal buying and selling, a agency spokesman stated Thursday. It’s a new position created for the rent.

Doffermyre will report back to Nuveen’s head of municipals, Dan Shut. “We’re thrilled to welcome Jamie to the staff in a brand new position that displays our dedication to our municipal shoppers,” Shut stated in an e mail.

Nuveen now has 80 staff on the municipals staff, the agency stated.

Doffermyre involves the agency after a three-year stint at Truist Securities, the place his most up-to-date position was head of public finance origination and syndicate. Earlier than Truist, he was at Citi for seven years the place he was head of municipal gross sales and managing director. He left Citi in August 2022, in response to his LinkedIn web page. Citi in December 2023 exited the municipals enterprise.

Doffermyre was at Merrill Lynch from 2004 to 2014 the place he was head of municipal high-grade buying and selling from 2011 to 2014. Financial institution of America acquired Merrill Lynch in 2009.

“Jamie brings his years of business management and expertise to Nuveen to boost our excessive yield buying and selling capabilities, assist handle our rising ETF platform and domesticate nearer collaboration between our analysis and portfolio groups round relative worth,” Nuveen stated in a press launch asserting the rent.

He will probably be primarily based in Chicago.

Nuveen had $188 billion in municipal property underneath administration and $1.3 trillion throughout all asset varieties as of the top of June.