The asset management arm of TIAA-CREF, a US financial services firm with $613 billion (€473 billion) of assets under management, has opened a London office in a bid to win European institutional business.
TIAA-CREF, a provider of retirement services in the academic, research, medical and cultural fields is staffing the office with sales professionals Stephane Marguier and Russell Elliott.
"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."
TIAA-CREF Asset Management has a 60% stake in London-based TIAA Henderson Real Estate, a joint venture with Henderson Global Investors that has a combined $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.
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