AUBURN UNIVERSITY – Thanks to the recession, as well as insider trading, Ponzi schemes, and rate fixing scandals, public trust in financial institutions has plummeted over the years. TIAA-CREF President and CEO Roger Ferguson will offer solutions to some of the problems plaguing the industry when he visits Auburn University and the Raymond J. Harbert College of Business March 17-18.
Ferguson will offer his insights during a campus forum scheduled for Monday, March 17, at 4 p.m. in 125 Lowder Business Building. The session, “Rebuilding Trust in the Financial Services Industry: The Way Forward,” is open to faculty, students and the community. Reservations for the free event can be made at https://www.signup4.net/Public/ap.aspx?EID=CORN26E.
As president and CEO of TIAA-CREF, Ferguson leads a Fortune 100 financial services organization with more than $564 billion in combined assets under management. With more than 3.9 million active and retired employees participating at more than 15,000 institutions, TIAA-CREF, or Teachers Insurance and Annuity Association – College Retirement Equities Fund, leads the way as a provider of retirement services in the academic, medical, research and cultural fields. The organization traces its origins back to Andrew Carnegie.
Ferguson has been a trusted adviser to federal policymakers, as evidenced by his service on the President’s Economic Recovery Advisory Board, the President’s Council on Jobs and Competitiveness and the Transition Economic Advisory Board.
Before joining TIAA-CREF in 2008, Ferguson served as head of financial services for Swiss Re, chairman of Swiss Re America Holding Corporation and as a member of the company’s executive committee. He began his career as a corporate attorney in the New York City office of Davis Polk & Wardwell before spending 13 years with the consulting firm McKinsey.
In 1997, Ferguson joined Alan Greenspan with the U.S. Federal Reserve System, becoming the third African-American to serve on its Board of Governors. He was named vice chairman of the Federal Reserve in 1999 and was the system’s highest-ranking official in the country on 9/11. During his tenure, he served as a voting member of the Federal Open Market Committee, chaired the Financial Stability Forum and also headed up its committees on banking supervision and regulation, reserve bank oversight, and payment system policy. He left the Fed in 2006 to join Swiss Re.
Ferguson is a three-time graduate of Harvard University, including a juris doctorate and a Ph.D. in economics.
(Written by Troy Johnson.)