Biography

Business Experience

Mr. Ferguson served as the President and Chief Executive Officer of TIAA (formerly TIAA-CREF) between 2008 and 2021. Prior to joining TIAA, Mr. Ferguson served as Chairman of Swiss Re America Holding Corporation, a global insurance company, from 2006 to 2008. Mr. Ferguson served as Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from 1999 to 2006. He represented the Federal Reserve on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations and Supervision and Regulation. In addition, Mr. Ferguson led the Fed's initial response on 9/11. From 1984 to 1997, Mr. Ferguson was an associate and partner at McKinsey & Company. Mr. Ferguson became the Steven A. Tananbaum Distinguished Fellow at the Council on Foreign Relations during 2021.

Education

Mr. Ferguson received his Bachelor of Arts in Economics, Magna Cum Laude. He also earned his J.D., Cum Laude and a Ph.D. in Economics all from Harvard University

Qualifications

Mr. Ferguson brings to our Board his sound business judgment, extensive knowledge of the financial services industry and regulatory experience. We benefit from Mr. Ferguson's service as Chief Executive Officer of TIAA and his experience as a member of other public company boards, which provides him an enhanced perspective on issues applicable to our company.

Public Board Memberships

• Alphabet Inc., the parent holding company of Google Inc.
• Corning Incorporated, a leading innovator in materials science
• Blend Labs, a fintech company that simplifies the process of getting a loan or opening a deposit account, from 2021 to 2023
• General Mills, a manufacturer and marketer of branded consumer foods, from 2015 to 2021
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Additional Accomplishments and Memberships

• Board member of a number of charitable and non-governmental organizations, including the Institute for Advanced Study, Memorial Sloan Kettering Cancer Center, Smithsonian Institution and The Aspen Institute
• Member of the Economic Club of New York
• Member of the Council on Foreign Relations
• Member of the Group of Thirty
• Fellow of the American Academy of Arts and Sciences and Co-Chair of the Academy's Commission on the Future of Undergraduate Education
• Fellow of the American Philosophical Society
• Former Chairman of The Conference Board
• Previous Chairman and Executive Committee Member of the Business-Higher Education Forum
• Recipient of Harvard Medal by the Harvard Alumni Association for service to Harvard in 2016
• Recipient of Harvard Centennial Medal in 2019