Thasunda Brown Duckett Appointed As TIAA President and CEO

TIAA, a Fortune 100 monetary companies group, has named Thasunda Brown Duckett as president and CEO.

With the appointment, Duckett turns into the second Black girl at the moment main one of many nation’s 500 largest public firms. Duckett will be a part of TIAA on Could 1 from JPMorgan Chase, the place she served because the CEO of Client Banking.

In that function, Duckett led a banking community with greater than 40,000 workers, 4,900 financial institution branches, and $600 billion in deposits. Duckett additionally oversaw Chase’s first main department growth in a decade, including 400 new branches in additional than 20 cities throughout the nation in a five-year span.

Ronald Thompson, the chairman of the TIAA board of trustees, stated Duckett’s earlier expertise and drive make her the proper particular person to steer TIAA means of the 2020s and past.

“Thasunda is well known as an exceptionally dynamic and inspirational chief,” Thompson stated in an announcement. “She brings invaluable expertise main and rising massive, complicated companies, setting and executing technique, enhancing shopper expertise and attracting and creating expertise. Equally essential, she is deeply mission-oriented, with values that mirror these of TIAA, together with a ardour for monetary inclusion and empowerment.”

Duckett was additionally the chief sponsor of JPMorgan Chase’s Advancing Black Pathways Program, an initiative to assist shut wealth gaps, academic outcomes, and profession success. She was additionally paramount within the financial institution’s Girls on the Transfer initiative, which was designed to assist girls advance their profession and enterprise alternatives.

The College of Houston and Baylor graduate was additionally named one in every of Black Enterprise’s 50 Most Impactful Girls in Enterprise the final 50 years.

Roger W. Ferguson, the present CEO of TIAA, who’s retiring however will function an adviser for TIAA, stated Duckett is the proper option to succeed him.

“Thasunda is the correct particular person to steer TIAA at a time when its work has no means been extra essential and when the challenges of fostering monetary stability and inclusion have no means been higher,” stated Ferguson. “I’m very grateful and heartened that we’ve got discovered a frontrunner who’s as impressed our mission as I’ve been ever since I had the nice fortune to hitch this wonderful firm virtually 13 years in the past.”

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