The Board of Trustees of the Financial Accounting Foundation (FAF) in the US has selected Joel Levy as the new member of the Governmental Accounting Standards Advisory Council (GASAC).
His tenure as the new member began on 1 June 2026 and will end on 31 December 2027.
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Levy will represent the Investment Company Institute (ICI).
Governmental Accounting Standards Board (GASB) chair Joel Black said: “We are pleased to welcome Levy to the GASAC. His service as chairman of the ICI’s Municipal Advisory Board, representing more than $30tn in global assets, reflects the breadth of his leadership and the confidence the industry places in his expertise.
“His deep understanding of municipal markets and regulatory policy will bring valuable perspective to the Council’s work.”
Levy is currently the managing director and senior portfolio manager at Nuveen Asset Management.
In this role, he oversees the day-to-day investment process and portfolio design for the Teachers Insurance and Annuity Association of America (TIAA) general account municipal bond holdings.
He also co-leads the investment approach and management for several municipal exchange-traded funds and state-specific funds offered under the Nuveen platform.
Before Nuveen was acquired by the TIAA, Levy held several senior roles at legacy TIAA, including head of municipal research, head of direct lending and head of multi-asset analyst training.
FAF Board of Trustees chair Dalia Blass said: “The Board of Trustees is pleased to have Levy join the GASAC.
“With more than two decades of experience spanning portfolio management, asset allocation, risk management, investor relations and financial audits, he will bring a depth of expertise and strategic insight to the Council’s discussions.”
The GASAC serves as an advisory forum to the GASB.
The council offers input on strategic direction, technical topics and the prioritisation of standard-setting projects.
Last month, the FAF Board of Trustees started its search for a new GASB member.
