Last Friday, news broke that Mark Anson, president and executive director of investment services at Nuveen Investments, was leaving next month, but it wasn't known why or where he was headed. Now, The MFWire has learned that Anson is preparing to move to California to take a job next week as managing partner of Oak Hill Investment Management.

Nuveen does not currently plan to tap a replacement for Anson.

"We currently do not plan to fill Mark's role," according to Nuveen spokeswoman Kathleen Cardoza in e-mailed comments to The MFWire. "As far as who will oversee Nuveen's Investment Services, these efforts continue to be strengthened under the leadership of Margo Cook, EVP, Investment Services, Development and Oversight."

In a phone interview with The MFWire on Monday morning, Anson said he is leaving Chicago-based Nuveen on April 5 and will start his new job as managing partner of Oak Hill the following day.

Based in Menlo Park, Oak Hill manages money for institutions and high net worth individuals.

California is more than familiar ground for Anson, who earlier in his career was chief investment officer of the California Public Employees' Retirement System (Calpers). After eight years with Calpers, he went to London and worked at Hermes Pensions Management and British Telecomm Pension Scheme, where he has served as chief executive and chief investment officer. He then moved to Chicago for Nuveen, which he joined in September 2007 while the firm was in the process of being purchased by private equity firm Madison Dearborn Partners.

With his new job at Oak Hill, "I'll be going back to managing money on a day-to-day basis," Anson said.

"Oak Hill is poised for its next phase of growth and I look forward to being a key component of it," he said. 

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