Herbert M. Allison
| Herbert M. Allison | |
|---|---|
 |
|
| Born |
Herbert Monroe Allison, Jr. August 2, 1943 Pittsburgh, Pennsylvania |
| Died | July 14, 2013 (aged 69) Westport, Connecticut |
| Alma mater |
Yale University (1965) Stanford University (1971) |
| Occupation |
Assistant Secretary of the Treasury for Financial Stability (2009–2010) Chairman, CEO of TIAA-CREF (NYC, 2002-2008) President of Merrill Lynch (1995–1999) |
| Known for | Key figure in the TARP program |
| Spouse(s) | Simin Nazemi (m. 1974-2013; his death) |
| Children |
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| Parent(s) |
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| Military career | |
| Allegiance |
 United States of America
|
| Service/branch |
.svg){kind=small} United States Navy
|
| Years of service | 1965-1969 |
| Rank |
 Lieutenant
|
| Battles/wars | Vietnam War |
Herbert Monroe Allison, Jr. (August 2, 1943 – July 14, 2013) was an American businessman who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability from 2009 to 2010. His previous positions included President and CEO of Fannie Mae, a post to which he was appointed in September 2008, after Fannie was placed into conservatorship. Prior to that, Allison was Chairman, President and Chief Executive Officer of TIAA from 2002 until his retirement in 2008.
Herbert Allison was born in Pittsburgh, Pennsylvania, to Herbert M. Allison, Sr., an FBI agent, and Mary Boardman Allison. He grew up in Garden City, New York, and earned a B.A. in philosophy from Yale University in 1965. Following college, he volunteered for service as an officer in the United States Navy. Following commission as an Ensign, Allison served on two ships: the destroyer USS Arnold J. Isbell (DD-869) and amphibious command ship USS Taconic (LCC-17). After promotion to Lieutenant, he then served a tour in-country Viet Nam at the Coastal Surveillance Center, Nha Trang, where he was awarded the Navy Commendation Medal with Combat "V" for performance during Operation Market Time. Upon completion of Naval service in 1969, Allison attended Stanford Graduate School of Business, receiving his M.B.A. in 1971.
Allison began his career at Merrill Lynch as an associate in investment banking and served variously as Treasurer, Director of Human Resources, Chief Financial Officer, Executive Vice President, President, Chief Operating Officer and as a member of the Board during his 28 years there. While at Merrill Lynch, he worked in New York, London, Paris, and Tehran.
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