Asset Mix and Risk
	Senior Vice-President I Chief Economist
	Barbara Zvan Senior Vice-President Barbara Zvan and her team of investment professionals oversee the development of the fund’s long-term investment strategy based on economic outlooks, asset and liability matching, and risk analysis. The Asset Mix and Risk team plays a leading role in researching and assessing new products for possible integration into the investment strategy. Ms. Zvan also oversees the development of the annual active management risk budget, economic analysis, benchmarks, investment guidelines and the design of the internal enterprise-wide risk system. Ms. Zvan joined Teachers' in 1995 as an assistant portfolio manager. She has risen steadily through positions of increasing authority, and was promoted to Vice-President, Research and Economics, in 2001. Ms. Zvan is a Fellow of both the Society of Actuaries and the Canadian Institute of Actuaries, and received her Masters in Mathematics from the University of Waterloo.
	Andrew Spence Vice-President and Chief Economist Andrew Spence is responsible for advising on the development of the strategic asset mix and economic-related matters. Mr. Spence joined Teachers’ in 2004 as a portfolio manager and was most recently Director, Applied Economic Research. He received his M.Phil. from the University of Bath, England, specializing in macroeconomics.
	Rosemary Zigrossi Vice-President Rosemary Zigrossi is responsible for capital budgeting and planning at the total fund level. Ms. Zigrossi joined Teachers’ in 1990 and has held progressively more senior positions in the Investment Finance and Investment divisions, including vice-president of the fund’s venture capital program. A Chartered Accountant and CFA charterholder, Ms. Zigrossi is a former assistant vice-president at J.P. Morgan Chase Bank (formerly J.P. Morgan) and a senior auditor at KPMG. She holds a B.Comm. in Finance from the University of Toronto, completed the Harvard Business School’s Management Development program and is a graduate of the Institute of Corporate Directors.

	Posted November 2007	TOP