TIAA-CREF Turns to Ferguson as CEO

April 7, 2008 ( - The Teachers Insurance and Annuity Association (TIAA) has tapped Roger W. Ferguson, Jr. as president and chief executive officer to replace the retiring Herbert M. Allison Jr.

A TIAA-CREF news release said the Ferguson appointment and the installation of Ronald L. Thompson as chair of the TIAA board are effective April 14.

Photo Courtesy of TIAA-CREF

Roger Ferguson (left), Herb Allison (right)

Ferguson comes to TIAA-CREF from Swiss Re where he was head of financial services, a member of the executive committee, and chairman of Swiss Re America Holding Corporation, the announcement said. He was responsible for Swiss Re’s proprietary asset management unit, which managed approximately $200 billion in assets, and oversaw the capital management and advisory group, as well as the credit risk underwriting unit.

Prior to Swiss Re,. Ferguson was vice chairman of the Board of Governors of the U.S. Federal Reserve System.

The announcement said Thompson joined the TIAA Board of Trustees in 1995 and currently serves as its Presiding Trustee. He served as chairman and chief executive officer of Midwest Stamping and Manufacturing Company from 1993 to 2005.

TIAA-CREF has more than $435 billion in combined assets under management for 3.4 million active and retired employees of more than 15,000 institutions, the announcement said.

More information about the new executives is available here .