Nuveen hires ESG leader from Janus Henderson

Kelly Hagg joins as the company puts more resources into responsible investing

Nuveen has established a new leadership role within its responsible investing ranks, hiring Kelly Hagg from Janus Henderson, the company announced Wednesday.

Previously, Hagg had been global head of product strategy and ESG for distribution at Janus Henderson, where he had been for 19 years.

In the new position at Nuveen, Hagg is head of responsible investing strategy and solutions, “responsible for driving firm-wide coordination and alignment of resources in support of responsible investing commercialization initiatives,” the company said in an internal memo that was shared with the press.

“Kelly will also lead the delivery of distinct, value-added capabilities that create stronger relationships with existing clients while attracting new ones and expanding market share.”

Hagg is Based in Denver and reports to Nuveen’s global head of responsible investing, Amy O’Brien. He started at Nuveen Aug. 8.

At Janus Henderson, Hagg focused on product opportunities and building the company’s ESG business, though he was also previously an assistant general counsel at the firm. Earlier this year, Hagg spoke with ESG Clarity about being on board while Janus Henderson first began exploring sustainable investing. The company launched five actively managed sustainability-themed ETFs last year.

Nuveen’s responsible investing business has been an area of growth at the company, and it has increased its focus on it over the past year, O’Brien said in the memo. That has included new resources from the company’s legal, risk and risk departments as well as investment teams and TIAA’s retirement business, O’Brien stated.

In a statement, Janus Henderson thanked Hagg for this time at the company, confirming that his departure was effective Aug. 3.

“Over the past several weeks, Kelly has ensured a thorough transition of his role to various members of the product team, who will take on his responsibilities moving forward in the near term,” the firm stated. “Long-term plans for the position are still under consideration. We are confident that with the breadth of experience and expertise across our product team, we will see no disruption to our cohesive approach to ESG or product strategy.”

This story was updated to include the above statement from Janus Henderson.