Financial services provider TIAA is rebranding its investment organisation as TIAA Global Asset Management.
TIAA Global Asset Management has investments in more than 40 countries and collectively manages USD854 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 recognises 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 USD400 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, says: “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,” adds 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.”