TIAA Global Asset Management: One of the world’s largest asset managers with approximately $850 billion in AUM and a multi-boutique structure supporting client solutions across the range of traditional and alternative asset classes.
NEW YORK, March 21, 2016 – Reflecting the expanding global scope of its asset management business, TIAA, a leading financial services provider, announced today that it is rebranding its investment organization as “TIAA Global Asset Management.”
This name change, which follows last month’s announcement of TIAA’s rebranding, positions the firm’s award-winning asset management organization as a distinct brand in the marketplace. TIAA Global Asset Management has investments in more than 40 countries and collectively manages $854 billion in assets for millions of investors through a multi-boutique structure that offers clients access to specialist investment expertise across the asset class spectrum.
Building on nearly 100 years of experience investing to help clients achieve financial well-being, TIAA Global Asset Management today offers investors global investment capabilities that span traditional public market strategies including equities and fixed income, as well as alternative and private investments such as commercial real estate, agriculture, timber, infrastructure and energy. In aggregate, it has nearly 2,500 employees including more than 500 investment professionals across more than a dozen affiliates. TIAA Global Asset Management’s well-established investment teams, strategies, products and investment solutions will not change as a result of the new brand.
“This announcement underscores our objective of bringing more investment opportunities to more clients in more places than ever before,” notes Rob Leary, CEO of TIAA Global Asset Management. “The new brand recognizes that we serve a wide range of investors around the world, from retirement plan sponsors and participants to high net worth individuals, financial advisors and some of the world’s largest institutional investors. It also speaks to our commitment to continue growing the business across geographies in order to better serve our clients’ needs and goals.”
Rooted in TIAA’s legacy of serving the lifelong financial needs of those in the academic, medical, cultural, government and research fields, TIAA Global Asset Management’s investment approach is distinctly aligned with the long-term interests of its clients and has helped to deliver over $400 billion in payments to TIAA retirement plan participants since 1918. Over the past two decades, TIAA Global Asset Management has developed innovative capabilities in responsible investing, traditional equity and fixed income, and alternative investments that are increasingly sought after by sovereign wealth funds, pension systems, insurance companies and other sophisticated institutional investors.
Roger W. Ferguson, Jr., president and CEO at TIAA, said, “While the new name reflects a broadening of scope for TIAA Global Asset Management, its mission remains the same – to deliver competitive returns through market cycles while staying true to our core values and helping improve the financial well-being of our clients.”
The announcement today is part of the firm’s ongoing strategy to expand its capabilities and solutions to better serve the diverse needs of its client base. Over the past several years, TIAA Global Asset Management has added Nuveen Investments to grow its presence in the retail, high net worth and financial intermediary space; expanded its suite of responsible investing and target-date funds; and launched new capabilities in private debt, real estate and other real asset strategies.
“Our affiliates give us broad global reach and the ability to bring a wide range of investment solutions and innovative products to clients,” added Leary. “This name change is one of many steps in our journey to be recognized as a leading global asset manager. We have never been in a stronger position to deliver competitive risk-adjusted returns, reinvest in our capabilities and unlock attractive investment opportunities for our clients wherever they may arise,” Leary concluded.
About TIAA Global Asset Management
TIAA Global Asset Management provides investment advice and portfolio management through TIAA and more than a dozen affiliated registered investment advisers. Collectively managing $854 billion in assets, the business provides access to innovative investment strategies through expertise that spans traditional and alternative asset classes, generating new investment opportunities for clients through a wide array of vehicles including funds, customized strategies and solutions. TIAA Global Asset Management is committed to TIAA’s legacy of helping individuals and institutional clients achieve long-term investment success and financial well-being.
TIAA (www.tiaa.org) is a unique financial partner. With an award-winning track record for consistent investment performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $854 billion in assets under management (as of 12/31/2015) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.
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TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.