Lindy Sherwood was named managing director and president of Kaspick & Co.
She will join Kaspick — TIAA-CREF’s wholly owned outsourced CIO business for endowments with $50 million to $100 million in assets that also serves as a manager of planned gift assets — on May 23, according to a TIAA-CREF spokeswoman.
Ms. Sherwood will replace Michael Kahn, who is taking on a newly created position of managing director, corporate strategy and development, at TIAA-CREF.
Ms. Sherwood was regional president for Northern Trust’s private client wealth management business in Northern California, according to the TIAA-CREF spokeswoman.
Northern Trust spokesman John O’Connell said Ms. Sherwood resigned Wednesday.