TIAA-CREF’s Cerra sees promise in US moves

If the US covered bond market is going to achieve the goals held out for it by the Treasury and others, it will need to win around a key constituency that has so far only engaged minimally with the asset class: US investors. The Cover asked John Cerra, managing director at TIAA-CREF, for his views on developments in the US and whether he could be won round to the product.