State Street Corporation has been appointed by TIAA-CREF to provide custody and securities lending services for $110 billion in assets.
“After a thorough due diligence process, State Street emerged as the provider with the most robust services to fulfill our needs,” said Gary Chinery, vice president and treasurer for TIAA-CREF. “The company’s global scale, corporate action processing system and strong client service professionals were also key factors in our decision.”
TIAA-CREF is a national financial services company and retirement system for higher education and research employees. TIAA-CREF has over $300 billion in combined assets under management.