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Rating:CFO Quits TIAA-CREF Under Cloud Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 16, 2005

CFO Quits TIAA-CREF Under Cloud

by: Armie Margaret Lee

Elizabeth Monrad has ended a two-year stint as chief financial officer at TIAA-CREF, The Wall Street Journal reports.

The paper linked Monrad’s departure to her involvement in a transaction that took place in 2000 between American International Group and General Re, where she was chief financial officer at the time. The SEC is currently investigating that transaction.

According to the report, Monrad was put on unpaid leave by TIAA-CREF in May this year after being notified by the SEC that it was planning disciplinary action against her related to what it deems as a perceived violation of securities law.

Monrad does not face criminal charges. 

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