TIAA prevents Roger Ferguson from joining Apollo Global Management

Posted on 11/15/2021

Apollo Global Management Inc. said Roger W. Ferguson, Jr., the former CEO of TIAA, was barred by his ex-employer TIAA from joining the company. On October 18, 2021, Apollo Global Management announced that Roger Ferguson has been appointed Vice President of Apollo. Ferguson was supposed to serve as a key advisor to Apollo and its senior leadership on strategic asset management and retirement services initiatives, while improving the origination of new transactions and deepening relationships with investors, regulators, industry leaders and the broader financial services community.

Ferguson most recently served as President and CEO of TIAA. From 1999 to 2006, Ferguson was Vice Chairman of the Board of Governors of the United States Federal Reserve. Prior to joining the Federal Reserve, he was a partner at McKinsey & Company, where he worked from 1984 to 1997. He began his career as a lawyer with Davis Polk & Wardell. Ferguson currently sits 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 nonprofits, including the Memorial Sloan-Kettering Cancer Center and the Smithsonian Institution.

Keywords: Apollo Management, TIAA-CREF, Teachers Insurance and Annuity Association – College Retirement Equities Fund.

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