Ronald Pressman ’80, a Hamilton College charter trustee, has been named executive vice president and chief operating officer of TIAA-CREF, a leading financial services provider. Pressman is a 32-year veteran of General Electric, where he most recently served as president and CEO of GE Capital Real Estate and as director of the GE Capital Services and GE Capital Corporation boards. He will begin his new duties on January 30 and will be based in New York City.
According to a TIAA-CREF press release, “In this newly created role, Pressman will drive the company’s strategic vision and operational excellence in order to enhance growth, execute business plans and deliver high-quality products and services to clients. He will partner closely with the executive management team to further improve performance, strengthen integration, help maintain financial stability and lead new business initiatives to build upon the company’s well-established leadership position in the not-for-profit sector.”
Prior to heading GE Capital Real Estate, Pressman served as president and CEO of GE Asset Management, and chairman, president and CEO of GE Employers Reinsurance Group. He also held global leadership positions including serving as the CEO of GE Energy Europe, Africa, Middle East and Southwest Asia and the general manager for GE International’s Central and Eastern European markets.”
TIAA-CREF CEO Roger Ferguson said, “Our customers rely on us to help meet their complex and evolving financial needs across all life stages. This challenges us to innovate, provide new services and invest wisely. Ron’s vision, industry knowledge and customer focus will be tremendous assets as we continue to help build the financial well-being of the 3.7 million customers at the 15,000 institutions we serve.”
Pressman holds leadership positions in various philanthropic organizations, serving as the chairman of the National Board of A Better Chance and a director of Pathways to College. During his time abroad, he also chaired the U.K.-based youth mentoring program, Roots and Wings. Pressman currently serves as a director of Aspen Insurance Holdings Limited.