Nuveen Investments Enhances Managed Accounts Expertise with the Addition of Anthony Ciccarone

CHICAGO--()--Oct. 13, 2005--Nuveen Investments, a leading provider of diversified investment services, today announced that Anthony Ciccarone has joined the firm as its new Director of Managed Account Product Research and Development. Ciccarone comes to Nuveen from Smith Barney, where he served their Consulting Group as a Senior Vice President and Director of Investment Advisor Research.

In his new role, Ciccarone will be responsible for the definition, development and delivery of high-quality managed account products. Working closely with investment managers and customers, he will be charged with enhancing Nuveen Investments' product development process, including the review of product categories, product evaluations, business development and structuring.

With more than 133,000 separate accounts under management, Nuveen Investments remains a leader in providing high-net-worth and institutional clients, and the advisors who serve them with conservative, long-term core investment strategies and high-quality service. Nuveen Investments' NWQ value, Nuveen municipal, Rittenhouse growth, and Symphony's core offerings illustrate the breadth and depth of the firm's expertise in this growing category.

Ciccarone brings more than 12 years of investment experience to Nuveen Investments, having begun his career as a cash manager for JP Morgan's Private Banking division. He holds both a BA and an MBA degree in finance from Villanova University.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutions and high-net-worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its highly specialized investment teams, each with its own brand-name and area of expertise: NWQ, specializing in value-style equities; Nuveen, focused on fixed-income investments; Santa Barbara, committed to growth equities; Rittenhouse, dedicated to "blue-chip" growth equities; and Symphony, with expertise in alternative investments as well as equity and income portfolios. Based on Nuveen Investments' assets under management at June 30, 2005, and the addition of Santa Barbara, the Company now manages approximately $127 billion in assets. Nuveen Investments is listed on The New York Stock Exchange and trades under the symbol "JNC."

Contacts

Nuveen Investments
Kathleen Cardoza (Media Contact), 312-917-8254
kathleen.cardoza@nuveen.com

Contacts

Nuveen Investments
Kathleen Cardoza (Media Contact), 312-917-8254
kathleen.cardoza@nuveen.com