The Trustees of the Teachers Insurance and Annuity Association (TIAA) named Roger W. Ferguson, Jr. their new president and chief executive officer on Thursday.
TIAA-CREF also appointed Ronald L. Thompson chairman of the TIAA board. Ferguson and Thompson succeed Herbert M. Allison, Jr., who is retiring. All appointments will be effective on April 14, 2008.
Ferguson is coming to TIAA-CREF after serving as the head of financial services, a member of the executive committee and chairman of Swiss Re America Holding Corporation.
Ferguson 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.
Thompson joined the TIAA Board of Trustees in 1995 and currently serves as its Presiding Trustee. He served as chairman and CEO of Midwest Stamping and Manufacturing Company from 1993 to 2005.
TIAA-CREF is number 80 on Fortune’s list of America’s largest corporations (as of April 30, 2007).
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