Roger W. Ferguson Jr
Leading Attorney, Economist, and Corporate Executive
He made history as the 17th vice chairman of the Federal Reserve from 1999 to 2006. Before assuming this role, Ferguson served as a member of the Federal Reserve Board of Governors, commencing his tenure in 1997. Notably, he became the first African-American to hold the position of vice chairman. Following his tenure at the Federal Reserve, Ferguson transitioned to president and CEO of the Teachers Insurance and Annuity Association of America (TIAA) from 2008 to 2021. Additionally, he has been entrusted with board memberships in several esteemed companies, further showcasing his expertise and leadership in the corporate realm.
Early Life and Education
Roger W. Ferguson Jr. was born on October 28, 1951, in Washington, D.C. He pursued his education with diligence, earning a bachelor’s degree in economics from Harvard University, followed by a JD from Harvard Law School. Ferguson continued his academic pursuits and obtained a Ph.D. in economics from Harvard University.
Federal Reserve Career
Ferguson’s illustrious career began at the Federal Reserve, where he served as a member of the Federal Reserve Board of Governors starting in 1997. He made history as the first African-American to hold the position of vice chairman, a role he assumed in 1999. During his tenure at the Federal Reserve, Ferguson played a pivotal role in shaping monetary policy and navigating the complexities of the U.S. financial system until 2006.
Leadership at TIAA
Following his tenure at the Federal Reserve, Roger W. Ferguson Jr. transitioned to a new chapter of leadership as the president and CEO of the Teachers Insurance and Annuity Association of America (TIAA) from 2008 to 2021. In this capacity, Ferguson demonstrated his exceptional leadership skills, guiding TIAA through periods of growth and innovation, and ensuring financial security for educators and individuals nationwide.
Corporate Board Appointments
Beyond his role at TIAA, Ferguson’s expertise has been sought after by numerous companies. He has been appointed to the board of directors of several prominent organizations, where he continues to contribute his strategic insights and visionary leadership.
Legacy and Impact
Throughout his distinguished career, Roger W. Ferguson Jr. has made significant contributions to both the public and private sectors. His groundbreaking achievements at the Federal Reserve, coupled with his transformative leadership at TIAA, have cemented his reputation as a trailblazer in economics and corporate governance.
Honors and Recognition
- First African-American Vice Chairman of the Federal Reserve
- Leadership Excellence Award from Harvard University
- Honorary Doctorate from Harvard University
- Recipient of the Leadership in Diversity Award
- Inducted into the American Academy of Arts and Sciences
Ferguson’s commitment to excellence, diversity, and economic empowerment has earned him numerous accolades and honors throughout his career, underscoring his profound impact on the financial landscape of the United States.