Teachers Insurance and Annuity Association Announces David G. Nason as EVP, Chief Risk and Compliance Officer

Targeted News Service (Press Releases)

NEW YORK, Sept. 23 -- The Teachers Insurance and Annuity Association issued the following news release:

TIAA, a leading financial services provider, announced today that David G. Nason has joined the company as Executive Vice President and Chief Risk and Compliance Officer, effective September 16. He will report to John Douglas, Senior Executive Vice President and Chief Oversight and Advocacy Officer.

In this newly created position, Nason will lead the combined Risk Management and Compliance functions for the company. This will assist TIAA as its risk and compliance needs evolve in a dynamic market.

"I'm delighted to welcome David to the TIAA family," said Roger W. Ferguson, Jr., President and CEO of TIAA. "He joins our strong Oversight and Advocacy team, ready to continue our path forward in implementing effective risk mitigation and compliance strategies. David is an excellent addition to TIAA's senior leadership team."

"David's extensive leadership experience in financial services organizations will serve TIAA well in today's rapidly changing and complex regulatory landscape," said John Douglas. "As our businesses become more integrated, it is important that our oversight and control functions are closely aligned. This alignment will assist our businesses and lead to better outcomes for our customers."

Prior to joining TIAA, Nason served as the President and CEO of GE Energy Financial Services, GE's worldwide energy investing business, with an asset base of $15 billion. Prior to that, he served as the Chief Regulatory and Compliance Officer at GE Capital, where he created a strategy, organization and operating framework for the $600 billion asset financial institution. In that role, he partnered with top executives to deliver risk management, capital planning, regulatory and legal affairs, and policy advocacy. He also served as Assistant Secretary for Financial Institutions for the U.S. Treasury where he was instrumental in the government's response to the 2008 financial crisis and served as lead advisor on banking, securities and housing-finance regulatory matters. Previously, he held roles at the U.S. Securities and Exchange Commission and the law firm Covington & Burling.

"I am very excited to join TIAA with its rich, mission-based culture and reputation," said Nason. "I appreciate the opportunity to lead a talented team of individuals as TIAA's business grows and evolves."

Nason holds a bachelor's degree in finance from the American University, and a J.D. from the American University Washington College of Law, where he graduated summa cum laude.

About TIAA

With an award-winning1 track record for consistent investment performance, TIAA (TIAA.org) is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management (as of 6/30/20192) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

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1/ The Lipper Mixed-Assets Large Fund Award is given to the group with the lowest average decile ranking of three years' Consistent Return for eligible funds over the three-year period ended 11/30/15 (against 39 fund families), 11/30/16 (36), 11/30/17 (35) and 11/30/18 (35). Note this award pertains to mixed-assets mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, Copyright (c) 2019 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. Past performance does not guarantee future results. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. TIAA-CREF Individual & Institutional Services, LLC, and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.