NEW YORK and LONDON, July 19, 2016 – TIAA Global Asset Management has hired two new Europe-based managing directors for its real assets institutional distribution team, effective July 1st. Per Frederiksen, Ph.D., will focus on growing the firm’s institutional business in the Nordic countries while Dan Greene, CFA, will help lead efforts to develop and enhance relationships with global and regional investment consultants. They join an expanding and dedicated global distribution team with deep real assets experience and established business relationships.
“We are seeing increased demand from institutional investors in our real assets investing capabilities, particularly real estate and agriculture,” said John Panagakis, head of Global Private Market Institutional Distribution for TIAA Global Asset Management. “Expanding our distribution team with regional experts strengthens our ability to thoughtfully engage with and serve these institutions.”
TIAA Global Asset Management’s real assets unit includes real estate, agriculture, timber, infrastructure, energy and private debt and has $150 billion in assets under management. In recent years, its European presence has been expanded to serve sophisticated institutional investors in the region. In 2014 the company helped launch, and now fully owns, TH Real Estate, its London-based real estate investing affiliate that today is one of the largest real estate managers in the world. It has also launched several new real asset funds with co-investments from a range of European institutions. The firm is growing its US client base by providing access to alternative investments to smaller corporate and public defined benefit plans, as well as to foundations and endowments.
Mr. Frederiksen joins TIAA Global Asset Management from Dimensional Fund Advisors and previously held positions at BlackRock, Nordea Markets, and Jyske Bank. Mr. Greene was most recently with Invesco, where he spent 18 years in a variety of positions including global head of consultant relations, product management and marketing. He is based in London.
TIAA Global Asset Management provides investment advice and portfolio management through Teachers Insurance and Annuity Association (TIAA) and more than a dozen affiliated registered investment advisers. Collectively managing $861 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-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.