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TIAA-CREF Asset Management Opens Distribution Office in London
Team to Focus on Expanding Relationships with European Institutional Investors
New York and London, September 15, 2014 — TIAA-CREF, a leading U.S. financial services organization, announced today the opening of a new distribution office in London, England for its Asset Management business. The office will be led by veteran TIAA-CREF sales professionals Stephane Marguier and Russell Elliott.
Messrs. Marguier and Elliott are part of a global sales team responsible for building partnerships with institutional clients including insurance companies, sovereign wealth funds, pension systems and other major investors in Europe. The London-based team will focus on expanding relationships with UK and European clients and prospects while providing a local point of contact for TIAA-CREF investment capabilities and products.
"Expanding our sales and client service presence in Europe supports the growth of our international asset management platform, which includes holdings in more than 50 countries across a range of real asset, equity, fixed income and socially responsible investment strategies," said John Panagakis, Head of Asset Management Business Development. "Putting more people on the ground to service existing relationships and develop new ties with sophisticated investors underscores our continued commitment to serving these key clients and partners in this important region."
The new office will complement TIAA-CREF Asset Management's expanding global footprint, which includes a 60 percent stake in London-based TIAA Henderson Real Estate, a joint venture between TIAA-CREF and Henderson Global Investors that has a combined US $25.5 billion of assets under management across 50 funds and mandates, overseen by a network of offices in Asia, Australia, Europe and North America.
"Stephane and Russell have spent years cultivating deep relationships with institutions in Europe," continued Panagakis. "Basing them in the heart of London, an important global money center, will help TIAA-CREF leverage that expertise into additional growth for its asset management business worldwide."
TIAA-CREF (www.tiaa.org) is a national financial services organization with $613 billion in total assets under management (as of 06.30.14) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
TIAA Henderson Real Estate Limited (TH Real Estate) is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA) and Henderson Global Investors. TH Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or TIAA-CREF Alternatives Advisors, LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Teachers Personal Investors Services, Inc., member FINRA.
TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa.org for details.
TCAM Global UK, Ltd, a wholly owned subsidiary of TIAA-CREF Asset Management, has applied for authorization with the Financial Conduct Authority to provide distribution services for TIAA-CREF Asset Management and will not undertake any regulated investment business until such authorization is granted.