TIAA-CREF Announces Dale Keyser to Head Trust Company

Business Wire, Sept 17, 2007

NEW YORK -- TIAA-CREF, the financial services organization and leading provider of financial services in the academic, medical, and cultural fields today announced Dale Keyser as the President of the TIAA-CREF Trust Company.

Mr. Keyser will be responsible for leading TIAA-CREF's Trust management group and will work with the management team to continue to build out the competitive suite of products and services for the organization's individual and institutional clients.

"Given Dale's experience, he is a great addition to the TIAA-CREF Trust Company," said Eric Jones, Senior Vice President of Individual Products for TIAA-CREF. "He will work to help build on the success we have already seen and help position the Trust Company for future growth."

The TIAA-CREF Trust Company is comprised of both individual and institutional trust services. The Personal Trust and Private Asset Management service provides investment management, administrative and fiduciary services to high net worth and affluent individuals. The Institutional Trust service provides investment management, custody and administrative services to the organization's core institutions and other non-profit institutions in support of their endowment and planned giving programs.

Mr. Keyser joins TIAA-CREF from JPMorgan Chase Bank, where he spent 18 years building and managing JPMorgan Chase's Personal Trust and Wealth Management business. Most recently he served as Market Director for JPMorgan Chase Private Client Services in upstate New York, with responsibility for sales and service delivery of banking, fiduciary and investment management services to high net worth individuals, families and business owners. Previously Mr. Keyser headed JPMorgan Chase's Personal Asset Management organization, responsible for all aspects of the personal trust business, including client service, business development, portfolio management, trust administration, tax, financial planning, customized credit, trust technology and operations.

Mr. Keyser will be located in the St. Louis office. For more information about TIAA-CREF please visit: www.tiaa-cref.org

About TIAA-CREF

TIAA-CREF is a national financial services organization with more than $420 billion in combined assets under management (03/31/07) and is the leading provider of retirement services in the academic, research, medical and cultural fields.

TIAA-CREF Trust Company, FSB provides investment management and trust services. TIAA-CREF Individual and Institutional Services, LLC. and Teachers Personal Investors Services, Inc., Members FINRA, distribute securities products.

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