Brief: TIAA-CREF turns to SunGard for investment accounting

Brief: TIAA-CREF turns to SunGard for investment accounting

New York City-based TIAA-CREF has licensed Invest One, a Web-enabled investment accounting system from SunGard Investment Management Systems.

Susan Pestrichello, second vice president of TIAA-CREF, says the Invest One package will be used to process the firm's daily marked-to-market pension portfolios, valued at $185 billion. The solution replaces an internally developed system.

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