TIAA Acquires Nuveen Investments

M&A Transition Objectives:

Complete confirmatory, complete firm-wide deal tasks, launch and oversee integration of the two firms. Consolidate duplicative functions, products and, overhead. Implement growth and cost synergies. Initiate inter-company issues for Cross-sell of complimentary products. Realize synergies and capitalize on both firms strengths.

Role we played:

Worked closely with the deal team during confirmatory and took hand-off on behalf of the transition team. Oversaw and directed McKinsey, EY and, internal resources; Stood up an IMO; Established a transition governance framework, synergy attainment framework, value realization tracking, playbook enhancements; establish integration plans. Other duties included: right-sizing dual organizations, facilitating best of breed processes such as fund seeding, product / market overlaps, inter-company charges and playbook development. Transition handed over to BAU business lines in approximately 12 months once TOM (Target Operating Model) version 1.0 was achieved.

Lead: Albert Eng