Christopher Stickrod, executive vice president and product general manager for institutional managed solutions at TIAA, has expanded his role to also oversee the TIAA institutional lifetime income team, according to an internal announcement shared with Pensions & Investments.
"Given the natural synergies between the institutional lifetime income and institutional managed solutions teams, it is beneficial to bring the teams together under Chris' leadership, ensuring increased coordination and efficiency and delivering better outcomes for our participants," Colbert Narcisse, TIAA's chief product and business development officer, said in an internal announcement to product and business development associates on Feb. 8.
Stickrod's expanded role includes oversight of TIAA's flagship fixed annuity, TIAA Traditional, and the TIAA CREF variable annuities, a spokeswoman said in an email.
His expanded role is effective immediately.
As leader of institutional managed solutions at TIAA, Stickrod continues to oversee RetirePlus product management, which TIAA says has more than $30 billion in assets and more than 400,000 individual participant accounts across nearly 500 institutional clients. TIAA had $1.28 trillion in assets under management as of Dec. 31.