Mark Patrick
Managing Director, Head of Macro & Country Risk, Head of Credit Risk, TIAA; Fmr. Foreign Service Officer, U.S. Dept. of State
In his Macro & Country Risk role, Mark provides analysis on geopolitical, political, and economic developments to senior management and the Board. The team oversees macro scenarios that guide financial planning and capital stress testing, sets country risk limits, and manages exposure reporting across approximately 110 sovereign jurisdictions globally.
The Credit Risk team governs credit risk ratings, modeling, monitoring, and surveillance for all issuers and securities owned by the TIAA General Account. Credit ratings drive TIAA financial planning models and Investment Risk and Country Risk loss models.
Mark’s international career spans over three decades of global public and private sector service, with deep expertise in the Asia Pacific, Latin American, and European regions. Prior to joining TIAA in 2016, he was Head of Asia Pacific Country Risk at JP Morgan in Hong Kong, and, previously Head of Developed Markets and Latin America Country Risk at JP Morgan in New York.
Mark was a Lead Derivatives Negotiator for the LAMCO (Lehman Brothers) bankruptcy estate. He founded and managed the Sovereign Risk function at Lehman Brothers.
He served as a career US diplomat for nine years with tours in Peru, Singapore, and Washington, providing him with on-the-ground experience across key emerging and developed markets.
Mark speaks Spanish and is familiar with Russian and Portuguese. He earned his Masters degree at the University of Michigan and is a graduate of Pomona College. Mark lives in Chatham, New Jersey with his family.