Two men with ties to the insurance industry have been named to President Obama’s Economic Recovery Advisory Board.
They are Roger Ferguson Jr., president of Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, and William Donaldson, a former chairman of Aetna Inc., Hartford.
Ferguson has been a vice chairman of the Federal Reserve Board. He began working for TIAA-CREF in April 2008.
Immediately before joining TIAA-CREF, Ferguson was chairman of Swiss Re America Holding Corp., Armonk, N.Y., a unit of Swiss Reinsurance Company, Zurich.