Deutsche Bank Wins Fund Services Mandate from TIAA-CREF

Deutsche Bank today was awarded a fund services mandate from TIAA-CREF, one of the largest retirement systems in the United States with approximately USD 613 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, specialized knowledge, and experience servicing illiquid alternative investments,” said 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,” said 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.”

With over USD 200 billion in assets under administration, Fund Services offers administrative, custodial and banking services to hedge funds, private equity-real estate funds, fund of funds, ETFs, UCITS, and other alternative investment vehicles, from start-up through growth to maturity. Fund Services is part of Deutsche Bank’s Investor Services business, which has coverage in over 30 countries, more than 6,000 clients, and over USD 9 trillion in securities administered.

TIAA-CREF Individual & Institutional Services, LLC and Teachers Personal Investors Services, Inc., members FINRA, distribute securities products. C0000019011