Stephen B. Gruppo

Executive Vice President, Risk Management

Steve Gruppo is Executive Vice President and Head of Risk Management for TIAA-CREF.  As Head of Risk Management, he oversees all risk related functions, including market risk, credit risk, quantitative analytics, operational risk, strategic risk, business continuity, and investment valuations.  He and his team are responsible for the proper identification, measurement, and management of risk exposures across the enterprise to ensure that the organization's risk-taking activities are understood and effectively managed.  Mr. Gruppo chairs the Asset Liability Management Committee.

Mr. Gruppo has over 25 years of experience in managing investment related risks, including credit portfolio risk, market risk and counterparty credit risk.  Prior to joining TIAA-CREF in 2004, he was a Senior Vice President in the Risk Management Department at Lehman Brothers.  He led a team that managed firm's credit risk to corporate and insurance obligors, including all exposures associated with trading, lending and derivatives counterparty activities.  He also led the development of the firm's framework for managing country risk as Country Risk Manager.  Prior to this role, Mr. Gruppo was head of Market Risk Management for all fixed income trading at Lehman.  He was a member of Lehman's Commitments and Fairness Opinion Committees. 

Mr. Gruppo held various positions in Credit Risk Management and High Yield Bond Sales at CS First Boston and Kidder, Peabody & Co.  He began his career at Chase Manhattan Bank, where he was trained in the bank's Credit Development Program and was a credit officer and relationship manager for commercial banking clients.  

Mr. Gruppo is a graduate of Hobart College with a Bachelor of Arts degree in Economics.

B.A., Hobart College