Martin L. Leibowitz

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Martin L. Leibowitz is Vice Chair of Carnegie Corporation of New York Board of Trustees.

"A member of the board of trustees of Carnegie Corporation of New York since 1998, Martin L. Leibowitz was elected vice chair of the board in February 2002. He is also chair of the Corporation’s investment committee.

"Recently, Leibowitz joined Morgan Stanley as a Managing Director on the U.S. Equity Strategy team, upon his retirement from TIAA-CREF.

"As vice chair and chief investment officer of TIAA-CREF since 1995, Leibowitz brought to the Corporation extensive knowledge and experience relating to investments and finances. Leibowitz was responsible for the overall management of TIAA-CREF investments, a sum totaling more than $300 billion and comprising the largest pension system in the world. CREF includes the single largest managed equity fund in the United States and is one of the largest holders of shares traded on the New York Stock Exchange. TIAA-CREF was founded by Andrew Carnegie in 1917 with a $1 million grant.

"Prior to joining TIAA-CREF, Leibowitz was a managing director, director of research for both fixed income and equities, and a member of the executive committee at Salomon Brothers, Inc. In 26 years of service at Salomon, Leibowitz and his staff helped develop key market innovations, including zero-coupon bonds, mortgage-backed securities, indexing strategies, and bond dedication.

"The author of six books and over 130 articles on subjects ranging from the mathematics of price volatility to asset allocation and liability management, Leibowitz has received wide recognition for his writing. Nine of his articles have received the Graham and Dodd Award for excellence in financial writing, and the Association for Investment Management Research honored his writing with two of its most prestigious awards, the Nicholas Molodovsky Award in 1995 and the James R. Vertin Award in 1998.

"A Vice Chair of the Institute for Advanced Study at Princeton University, Leibowitz is a member of the Rockefeller University Council and, the Board of Overseers of New York University’s Stern School of Business and Freddie Mac. He serves on the investment advisory committees for the Carlyle Management Group, the Harvard Management Corporation, and the University of Chicago.

"Leibowitz received B.A. and M.S. degrees from the University of Chicago and a Ph.D. in mathematics from the Courant Institute of New York University." [1]

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