TIAA-CREF is opening a distribution office in London for its asset management business.
The office will be led by veteran TIAA-CREF sales professionals Stephane Marguier and Russell Elliott.
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,” says 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 per cent stake in London-based TIAA Henderson Real Estate, a joint venture between TIAA-CREF and Henderson Global Investors that has a combined USD25.5 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,” says Panagakis. “Basing them in the heart of London, an important global money centre, will help TIAA-CREF leverage that expertise into additional growth for its asset management business worldwide.”