Robert Leary was named president of TIAA-CREF Asset Management and executive vice president of parent TIAA-CREF, effective June 24, said Abby Aylman Cohen, spokeswoman.
Mr. Leary replaced Scott Evans, who stepped down in January 2012 to spend more time with his family. Carol Deckbar, executive vice president and chief operating officer for TIAA-CREF Asset Management, has been handling his duties in the interim, Ms. Cohen said.
Mr. Leary will oversee investments, distribution and operations strategies at TIAA-CREF Asset Management, which had $505 billion in assets under management as of Dec. 31. He will report to Roger W. Ferguson Jr., president and CEO of TIAA-CREF.
Mr. Leary was president and chief operating officer of ING U.S. He left ING in September 2012, said Dana Ripley, ING spokesman. He was replaced by Alain Karaoglan, who was senior vice president, divestiture, for American International Group.
