TIAA-CREF, the giant of the education pension segment, has tapped a new chief financial officer. The post is being taken by Elizabeth A. (Betsy) Monrad, the current CFO of General Re Corporation. Monrad will also take the title of executive vice president at TIAA-CREF.

"Betsy Monrad is a multi-talented executive who will help ensure that we enhance our already strong financial strength," said Herbert M. Allison, Jr., chairman, president and CEO of TIAA-CREF. "Her financial management experience, strong record of achievement and commitment to higher education complement our company's core values and promise that she will play a pivotal role in our future growth."

As CEO Monrad will oversee all of TIAA-CREF's finance functions, including financial management and planning, tax, treasury, and accounting.

Before joining General Re, she was a partner with Coopers & Lybrand in Boston, where she specialized in financial services, higher education, and manufacturing. She was the Association of Professional Insurance Women (APIW) Insurance Woman of the Year in 1999 and she has served as a member of the Financial Institutions Expert Panel of the American Institute of Certified Public Accountants, and as chairman of the Accounting Committee of the Reinsurance Association of America.  

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