TIAA-CREF's recent promotion of nineteen-year veteran Scott C. Evans
as its new chief investment officer has left another post open at the retirement specialist.
As the firm's new CIO Evans replaces Martin L. Leibowitz
, who retired last month and subsequently joined Morgan Stanley.
Hill will oversee the entire investment division, including equity, fixed income and real estate along with setting investment policy, strategy and oversight of TIAA-CREF's more than $300 billion in assets under management. Evans reports to Herbert M. Allison, Jr.
, chairman and chief executive officer of TIAA-CREF.
Yet, the New York City-based firm is still seeking someone to take over Evans' old duties. Evans joined TIAA-CREF in 1985 and has served as executive vice president of CREF Investments since 1997.
A TIAA-CREF spokesperson told the MFWire that no one had been named yet to replace Evans in the executive vice president position at CREF Investments. She said the position might be filled internally, but that an external search is also possible.
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