Riegel Takes Equity Reins from Ulick at TIAA-CREF

March 20, 2008 (PLANSPONSOR.com) - TIAA-CREF has named Bill Riegel the company's Head of Global Equity Investments, succeeding Susan Ulick, who will retire on April 1, 2008 as planned.

In his new role, Riegel will report to Chief Investment Officer Ed Grzybowski and oversee TIAA-CREF’s equity investment unit, including active and quantitative portfolio management, research and trading. Previously, Riegel headed TIAA-CREF’s Global Equity Portfolio Management. According to a press release, Riegel will continue to oversee the portfolio managers he currently directs while he works through the transition.

Riegel joined TIAA-CREF in 1999 as a managing director to lead the company’s value investing strategies. He managed a portion of the CREF Stock Account from 1999 to 2002, and played a major role in managing the value portfolios of the TIAA-CREF mutual funds that were launched that year. Riegel joined TIAA-CREF following 20 years with J. P. Morgan Investment Management, where he managed 35 separate institutional equity and convertible accounts and J. P. Morgan’s large-cap U.S. equity mutual fund.

Ulick joined TIAA-CREF in 2000 as Head of Global Research. In that role, she was responsible for the quality and content of the fundamental research effort and valuation methodology to support the company’s active portfolio management initiatives. Ulick joined TIAA-CREF from J. P. Morgan Investment Management, where she held various positions in her 13 years with the firm, most recently as Head of Global Research to which she was appointed in 1995.