Forrest Berkley Elected as New CREF Trustee NEW YORK, Sept. 20 /PRNewswire/ -- TIAA-CREF, the financial services organization and leading provider of retirement services in the academic, research, medical and cultural fields, today announced the election of Forrest Berkley, retired partner, portfolio manager and senior executive at GMO, to the CREF Board of Trustees.Mr. Berkley will serve on the Investment Committee and the Audit and Compliance Committee."With nearly 20 years of investment management experience, Mr. Berkley is a strong addition to the CREF Board of Trustees," said Herb Allison, chief executive of TIAA-CREF.
"I also extend a warm welcome to Mr. Berkley
and look forward to working with him as the Board pursues our obligation to protect the interest of our shareholders."Before retiring on January 1, 2006, Mr. Berkley was a partner and Head of Global Product Management at GMO (formerly known as Grantham, Mayo, Van Otterloo & Co.), a global investment management firm.Mr. Berkley joined GMO in 1986 as the portfolio manager for the firm's actively managed investments in Japan, France, Italy, Switzerland and Canada. During his tenure at GMO, Mr. Berkley served as the first Portfolio Manager of the GMO International Core Fund and devised their first hedge fund.He also served on the firm's Governance Committee, as the acting head of Client Service and Marketing, and as a member of the Asset Allocation portfolio management team.Prior to GMO, Mr. Berkley worked as a management consultant for Bain & Company and as the Assistant for Fiscal Reform to the Minister of Finance of Indonesia.Mr. Berkley received a B.A. in Mathematics magna cum laude from Yale University (where he was elected to Phi Beta Kappa), and M.B.A. and law degrees from Harvard University.Mr. Berkley is also a member, and former chairman of the Investment Committee of the Maine Community Foundation, and is a Director of the Foundation.He serves on the Boards of Directors and Investment Committees of Maine Coast Heritage Trust, the Gulf of Maine Research Institute and the Boston Athenaeum, and the Investment Committee of the Carnegie Endowment for International Peace.