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.

After promotion to lieutenant, he then served a tour in-country in South Vietnam at the Coastal Surveillance Center, Nha Trang, where he was awarded the Navy Commendation Medal with Combat "V" for performance during Operation Market Time.

[7] In 1998, Allison played an instrumental role in preventing the collapse of Long Term Capital Management, a hedge fund whose rapid downturn in September of that year threatened the stability of the financial system.

[9] From 2000 to 2002, Allison was president and chief executive officer of the Alliance for Lifelong Learning, Inc., which offered online, college-level courses to adults.

[3] In 2002, Allison was named chairman, president, and chief executive officer of TIAA, a Fortune 100 financial services organization that is the leading retirement provider for people who work in the academic, research, medical, and cultural fields.

[10] The company underwent significant change under his leadership, broadening its product lines beyond pensions to include financial services, life insurance, college savings plans, mutual funds, IRAs, and other offerings.