Deutsche Bank has secured a fund services mandate from TIAA-CREF, one of the largest retirement systems in the US with approximately USD613 billion of assets under management.
Deutsche Bank Alternative Fund Services was selected to provide fund administration services for various TIAA-CREF Asset Management alternative investment products.
“We selected Deutsche Bank for their superior client service, specialised knowledge, and experience servicing illiquid alternative investments,” says Jeffrey Barnett, head of alternative investment product management at TIAA-CREF.
“Deutsche Bank is proud to partner with TIAA-CREF on innovative alternative investment solutions,” says Tim Fitzgerald, global head of alternative fund services, global transaction banking at Deutsche Bank. “Our integrated model has been proven to reduce costs for fund managers while increasing the efficiency and transparency of their funds.”