NU Online News Service, Oct. 7, 12:02 p.m. – The board of the Teachers Insurance and Annuity Association and College Retirement Equities Fund, New York, has hired Herbert Allison Jr. to be the organization’s new chairman, president and chief executive.
Allison succeeds John Biggs, who is retiring from TIAA-CREF after serving as chairman for nine years.
Allison is now president of the Alliance for Lifelong Learning Inc., a nonprofit venture backed by Oxford, Stanford and Yale universities that delivers courses through the Web.
Allison previously was president of Merrill Lynch & Company Inc., New York. He retired from Merrill Lynch in July 1999.