This article is from the Australian Property Journal archive
US financial services and Fortune 100 company TIAA-CREF has opened a new distribution office for its asset management arm in Sydney.
The expanded focus in Australia and Asia follows the opening of a London office in September last year as the firm looked to strengthen its presence in the UK and Europe.
The Sydney office is part of the firm’s direct distribution strategy in Australia and Asia after eight years operating in Australia with key focus on agriculture and more recently real estate.
TIAA-CREF’s global asset management platform currently comprises $866 billion invested across equity, fixed income, real estate and other assets, private equity and private credit.
Its 60% owned real estate joint venture, TIAA Henderson Real Estate (TH Real Estate), has offices in Singapore and Sydney, and around $700 million of investments throughout the region. TIAA-CREF’s agricultural asset management affiliate, Westchester Group, currently has seven offices across the primary Australian growing regions.
Andrew Kleineg will head up with the new Sydney office and will work with TH Real Estate in Australia, who TIAA-CREF said will continue to handle distribution for all real estate strategies and manage TIAA-CREF’s holdings in the region. Both companies will move into a shared office.
Kleinig most recently oversaw sales and investor relations at Nanuk Asset Management. Prior to that, he was a senior sales and consultant relations manager at GE Asset Management, and held client relations roles at SEB Asset Management, Deutsche Bank and the Commonwealth Bank of Australia.
Australian Property Journal
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