TIAA Blocks Roger Ferguson from Joining Apollo Global Management
Posted on 11/15/2021
Apollo Global Management Inc. said Roger W. Ferguson, Jr., the former Chief Executive Officer of TIAA, is being prohibited by his ex-employer TIAA from joining the firm. On October 18, 2021, Apollo Global Management announced that Roger Ferguson was named Vice Chairman of Apollo. Ferguson was supposed to serve as a key advisor to Apollo and its senior leaders on strategic asset management and retirement services initiatives, while enhancing new deal origination and deepening relationships with investors, regulators, industry leaders and the broader financial services community.
Ferguson most recently served as the President and CEO of TIAA. From 1999 to 2006, Ferguson was Vice Chairman of the Board of Governors of the United States Federal Reserve System. Prior to joining the Federal Reserve System, he was a partner at McKinsey & Company, where he worked from 1984 to 1997. He began his career as an attorney at Davis Polk & Wardell. Ferguson currently serves on the boards of Alphabet Inc., Blend Labs, Corning, and International Flavors and Fragrances as well as several private fintech companies and a number of non-profits including Memorial Sloan-Kettering Cancer Center and the Smithsonian Institution.
Keywords: Apollo Management, TIAA-CREF, Teachers Insurance and Annuity Association – College Retirement Equities Fund.
