TSP Names Amelio's Successor: Gregory Long

March 20, 2007 (PLANSPONSOR.com) - Gregory Long, who has been the director of product development at the Federal Retirement Thrift Investment Board for the past year, has been named as the successor to Gary Amelio, who stepped down from his position as Executive Director in January.

As the Executive Director, Long will serve as the Chief Executive Officer and managing fiduciary of the Thrift Savings Plan (TSP) for federal employees.

According to a press release, Long spent seven years with CitiStreet, where he served as Director of Marketing for the American Bar Association Retirement Funds and oversaw all marketing, sales and product development activities for a program that provides 401(k) services to over 4,000 law firms nationwide.

Prior to CitiStreet, Long spent six years with Putnam Investments, most recently as the Regional 401(k) Sales Director in the southeast U.S.

“In the end, the Board members came home,” said Chairman Andrew Saul, in the release. “Greg has proven himself as the TSP’s Director of Product Development, having successfully managed the first Participant Survey in 15 years as well as the just completed Participant Behavior and Demographics Analysis. His blend of recent TSP service and private sector experience is exactly the right recipe going forward.”

Amelio had reigned as the executive director for 3½ years to accept a post as President of the Retirement Services business unit of ULLICO, Inc. (See Report: TSP’s Amelio Steps Down for Union Job). During his tenure t he TSP added lifecycle funds to their investment options (See TSP Lifecycle Funds a Big Hit) and assets in the plan more than doubled, now exceeding $206 billion (See Cover: Taking the Bull by the Horns: Plan Sponsor of the Year ).