Palmer joins US$400bn TIAA-CREF
US - Trust Company managing principal Mike Palmer has been appointed to the TIAA-CREF board of financial advisors.
The eleven strong board provides crucial guidance and feedback on initiatives undertaken by the US$400bn retirement system giant.
The TIAA-CREF also announced it had closed on a joint venture to buy 67 shopping centres worth around US$3bn.
TIAA-CREF contributed 85% to the venture, while Ohio-based Developers Diversified Realty Corp put in 15%.
In other news, the New York State Teachers’ Retirement System and real estate firm the Bozzuto Group have set up a $100m property venture.
Construction of the venture’s first project - a 204-unit apartment community – is already underway.
Latest stories
Five stories you may have missed this week
This week's top stories included the GMP Equalisation Working Group publishing a call to action to help schemes begin the process.
Businesses support expansion of AE to low earners
The extension of auto-enrolment (AE) to more workers is supported by around three-quarters of businesses, according to research by Scottish Widows and the Confederation of Business Industry (CBI).
Hargreaves Lansdown still slowest on pension transfers - Origo
Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.
Back to Top
Most read
