TIAA-CREF's ex-wealth management boss heading for the exit

Maliz Beams, one of the highest- ranking women at TIAA-CREF, is leaving as part of a management reshuffling at the firm, which oversees $426 billion in retirement assets. Beams, 54, oversaw all of TIAA-CREF’s services for individual and institutional clients. Edward Van Dolsen, 52, was named chief operating officer and will assume Beams’s responsibilities, the New York-based firm said today in an e- mailed statement. Marvin Adams will oversee a shared-services group that includes business support such as technology and operations. Beams joined TIAA-CREF in 2004 as the head of its wealth-management business. Before that, she was a partner and managing director at Zurich Scudder Investments. TIAA-CREF, founded in 1918 as a pension fund for professors, is the largest provider of retirement plans for employees of academic, medical and research institutions. The firm also sells mutual funds and education-savings plans.