College Retirement Equities Fund, New York, expanded its relationship with global custodian J.P. Morgan Investor Services. CREF hired the firm to provide ancillary services in support of its directed lending program and to act as income collection provider for CREF’s $3.6 billion in Japanese equities, said Jim Tolve, spokesman at parent TIAA-CREF. Mr. Tolve declined to discuss which firm had provided these services or why CREF made the change.
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