Category
Trade and investment
Minister for Trade and Investment Andrew Robb said the opening of US investment giant TIAA-CREF Asset Management's Sydney office is the latest vote of confidence in Australia by international investors.
With $US866 billion in assets under management, Teachers Insurance and Annuity Association – College Retirement Equities Fund (TIAA–CREF) will establish its first Asia-Pacific office in Sydney to manage its existing assets in Australia and develop operations throughout the region.
Mr Robb said Australia's closer ties with Asia and our proximity to their markets, provides major incentives for overseas investors seeking to expand their portfolio offshore.
Media release: Strengthening investment partnerships
Last Updated: 16 April 2015