Roger W. Ferguson Jr. was awarded the Whitehead Award for Distinguished Public Service and Financial Leadership by the Museum of American Finance. Mr. Ferguson, the soon-to-be-retired president and CEO of TIAA-CREF, received the award, which "honors leaders whose contributions in the public and private arenas strengthen society and the advancement of the financial industry," during a virtual gala on Feb. 22, said a news release from the New York-based museum.
David J. Cowen, president and CEO of the museum, said in a statement that Mr. Ferguson "demonstrated leadership as vice chairman of the Federal Reserve when he was the only governor in Washington, D.C., on 9/11 and took action to keep the (U.S.) financial system functioning in the wake of the terrorist attacks."
In his acceptance remarks, Mr. Ferguson said "it is an honor to be recognized by an organization charged with preserving such a significant part of American history and also with promoting financial literacy, a passion of mine."
Mr. Ferguson will retire from TIAA around May 1 after his successor, Thasunda Brown Duckett, joins the firm. He will serve as an adviser to the firm.
He added that he has "started to reflect on my great fortune in my career … and being recognized like this is indeed an honor."
TIAA had $1.3 trillion in assets as of Dec. 31, managed by its Nuveen affiliates and TIAA's investment teams.