NEW YORK CITY (October 15, 2003) - - Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), one of the largest and most respected financial service providers in the world, has selected FAME Information Services' referencePoint as its enterprise market data platform for risk applications.
Dale Richards, CEO of FAME Information Services said, "For 85-years TIAA-CREF has ensured the financial well-being of the faculty and staff of America's education and research communities. referencePoint is the perfect enterprise market data solution for this respected organization with $290 billion in assets under management."
"Complex assets need the right tools to properly manage risk effectiveness," said Erwin W. Martens, Chief Risk Officer at TIAA-CREF. "Regulatory acts such as Sarbanes-Oxley increase the need for greater levels of transparency into our vast amounts of information. I've had great success with FAME's referencePoint to help control strategic risk initiatives."
FAME's referencePoint combines enterprise-level reference and historical market data, standard data management technology, and financial and energy market expertise for the global financial, energy, and public sector markets. Truly scalable, with proven performance in a number of business functions such as supporting analytical applications in the front and middle offices, with cleansed price-related data to managing security master data for the back office, referencePoint and its components, which released in early 2003, has already been deployed by more than 30 institutions.