Stephen M. Liberatore, CFA is a managing director and fixed-income portfolio manager at TIAA Investments, an affiliate of Nuveen. Mr. Liberatore is the lead portfolio manager for the firm’s responsible investment fixed income mandates that incorporate Environmental, Social and Governance (ESG) criteria, including the Social Choice Bond strategy, and holds responsibility for investment strategy and securities selection. He joined TIAA in 2004.
With 22 years of industry experience, Mr. Liberatore has also held positions at Nationwide Mutual Insurance Co. and Protective Life Corporation where he was responsible for portfolio management, credit research and trading for both total return and liability-driven assets.
Mr. Liberatore is a member of the initial executive committee of the Green Bond Principles and the CERES Green Bond Working Group.
As a subject matter expert on the management of total return ESG fixed-income portfolios and green bonds, Mr. Liberatore is a frequent speaker at both ESG and fixed income conferences. His views on ESG fixed income investing and green bonds have been featured by numerous media outlets, including Bloomberg Television, CNBC, Institutional Investor, Kiplinger’s, USA Today and the Wall Street Journal.
Mr. Liberatore holds a B.S. from the State University of New York at Buffalo and an MBA in finance and operations from Wake Forest University’s Babcock Graduate School of Management. He holds the Chartered Financial Analyst designation and is a member of the CFA Society North Carolina and the CFA Institute.