TIAA-CREF Appoints Mellon Global Securities Services for Outsourcing and Custody Support

Mellon Global Securities Services has been awarded contracts for outsourcing and custody to support TIAA-CREF Asset Management’s new institutional asset management unit. Under the contract, Mellon will provide middle and back-office outsourcing, accounting and custody, while its affiliate, Russell/Mellon, will supply performance measurement and analytics. TIAA-CREF Asset Management will manage assets for endowments, foundations, pensions, and other institutional clients.

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