TIAA-CREF Hires Two New Business Leaders

November 2, 2009 ( - TIAA-CREF has appointed Teresa Hassara as Senior Managing Director and Head of Institutional Client Services and Kevin Nazworth as Vice President and Head of the organization's Health Care Segment.

According to a press release, Hassara will lead the company’s Institutional business, which serves more than 15,000 retirement plan sponsors in the academic, research, medical, and cultural fields, while in a newly created position, Nazworth will be responsible for overseeing and developing new institutional business with hospitals and health care organizations. Nazworth is based in Charlotte and reports to Bertram Scott, Executive Vice President and Chief Institutional Development & Sales Officer.

Hassara joins TIAA-CREF from Fidelity Investments, where she was most recently Senior Vice President. During her 17-year career with Fidelity, she also served as an executive vice president of Fidelity Employer Service Company’s HR/Payroll practice, and oversaw the company’s mid-sized client business. Hassara holds a B.A. from Vanderbilt University and an M.B.A. from the Wharton School of the University of Pennsylvania.

Nazworth joins TIAA-CREF from VALIC, where he was most recently Executive Vice President, Group Management & National Markets. During his 26-year career with VALIC he also led the firm’s health care retirement segment for four years, focusing on developing and serving the 403(b), 457, and 401(k) business in local and regional markets. He began his career as a financial adviser and is a Certified Financial Planner. Nazworth graduated from the University of Florida.

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