TIAA-CREF announced the election of Forrest Berkley to the CREF Board of Trustees. Berkley will serve on the Investment Committee and the Audit and Compliance Committee. Before retiring on January 1, 2006, Berkley was a partner and head of global product management at GMO, the global investment management firm founded by Jeremy Grantham, Richard Mayo, and Eyk Van Otterloo.
Morningstar, Inc. announced the appointment of Liz Michaels, Michele Gambera (left), James Xiong, and Bo Yuan to the senior management and research teams at Ibbotson Associates. Liz Michaels takes on the role of VP of advice services; Michele Gambera is senior research consultant and chief economist; James Xiong joins as a research consultant; and Bo Yuan is chief technology officer. Morningstar acquired Ibbotson in March 2006. Founder, Roger Ibbotson remains active in the firm as an advisor (see August 2006 online table of contents for podcast of Kate McBride’s interview of Ibbotson on retirement planning.)