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When Thasunda Brown Duckett took over as president and CEO of financial-services firm TIAA in May 2021, she became just the fourth Black woman to ever lead a Fortune 500 company. Thasunda Brown Duckett was named president and CEO by TIAA-CREF, effective May 1, a news release said Thursday.. Ms. Duckett currently is the CEO of Chase Consumer Banking, a division of J.P . Under her leadership, TIAA is expanding its mission beyond higher education to all Americans saving for retirement. We kicked off Schwab Volunteer week at 6:00am Saturday!!! I was the Director of Affordable . FORTUNE may receive compensation for some links to products and services on this website. We know there are structural reasons for this, Duckett says. Thasunda Brown Duckett walks in the door past the columns of party balloons installed for the occasion, and into a line of greeters bearing hugs and handshakes and slightly louder cheers. Under Duckett's leadership, Chase has undergone a digital and physical transformation that . In March 2009, I was in a dual leadership role in the Mortgage Banking division of JPMorgan Chase. This new chapter, according toDuckett, will allow her to be at the table and having a voice not just for the business but across the entire firm. Thasunda Brown Duckett - President & CEO - TIAA | LinkedIn I like to say I am my ancestors wildest dreams, she says. CEO, Consumer Banking, JP Morgan Chase Thasunda Duckett speaks onstage at the Fortune Most Powerful Women Summit - Day 2 on October 10, 2017 in Washington, DC. JPMorgan Chase's Duckett leaving to lead TIAA - Face2Face Africa As local TV news cameras begin rolling, Gordon Smith, the chief operating officer, takes the floor to explain why theyve come. But Fannie is a secondary-market business; Duckett wanted a closer connection to customers. Duckett showed early leadership credentials while at Houston. The billionaire 65-year-old leader of JPMorgan the longest-serving CEO at a big Wall Street bank received 1.5 million stock appreciation rights from the firm on Tuesday. How Tulsa Race Massacre Shaped Today's Most Successful Black CEOs "East, West and Southern Africa account for a staggering 66% (US$832 billion) of a global mobile money market valued at US$1.26 trillion. We chatted about 30 minutes, and I explained to him what his daughter did, and what an amazing executive she had grown into., I think whatever she sets her heart to doing, shes going to do astoundingly well, Smith said. Lessons in Life & Leadership - JPMorgan Chase As the Independent Director of Nike, the total compensation of Thasunda Duckett at Nike is $229,719. Andrea Blackstone June 6, 2021 27234. Thasunda Brown Duckett to helm TIAA, making her the second Black - CNN Thasunda Brown Duckett officially took the helm as the new CEO of TIAA on Saturday, becoming the fourth Black woman ever to head a Fortune 500 company. Member FDIC. Duckett, who made history at JPMorgan Chase last summer as the first Black woman to be named to the bank's operating committee, leads a banking network with more than $600 billion in deposits, 4,900 branches and over 40,000 employees.. As head of the bank's consumer banking division, Duckett has overseen the bank's $20 billion effort to add 400 new branches in 20 new markets over five years. TIAA on Thursday named JPMorgan Chase Thasunda Brown Duckett as chief executive officer, making her the first woman to head the financial-services firm, which oversees $1.3 trillion. TED Recommends. Thasunda Duckett - President & CEO @ TIAA - CrunchBase "I have so much gratitude for all the shoulders I stand on," Duckett, who currently serves as the CEO of Chase Consumer Banking, said in an Instagram post. "I often think about the day my father asked me to help him plan his retirement, and I had to tell him, 'Dad, your pension is not enough,'" shesaid in a statement announcing her new role at TIAA. Dallas and Fort Worth with New City Connect Uniforms. She later moved to Texas with her parents, where she graduated from Sam Houston High School. Duckett serves on the boards of NIKE, Inc., Brex Inc., Robert F. Kennedy Human Rights, Sesame Workshop, National Medal of Honor Museum, Economic Club of New York, the University of Houston Board of Visitors, and the Deans Advisory Board for Baylor Universitys Hankamer School of Business. The median wealth of single black Americans is $200 to $300, versus $15,000 to $28,000 for single white Americans. Duckett wants to influence many Black women who do not see many females of color in business top roles to become like her and other leading female black CEOs. WATCH. . They asked her if she would consider joining Chase in a burgeoning area for the bank: an affordable lending/emerging market business in New Jersey. I was recently awarded the Charlie Robinson Memorial Award by Ted Reeve Hockey Association for contributions to kids' enjoyment of sport. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices TIAA Bank's client service is available 7 days a week, so you can rest assured that well be around when you need us. We Images- Facebook. She is a real talent., Independent and authoritative analysis and perspective for the banking industry. It's still early and the sample size is small, but 2023 is seeing viewership and attendance bumps in Major League Baseball, lending some credence to the idea that rule changes would fuel interest. If her struggles growing up opened her eyes to the reality of poverty, her days in the associate rotations programs at Fannie gave her the foundation for understanding solutions. Duckett, 47, will become chief executive and president of TIAA on May 1, succeeding Roger Ferguson Jr. -- who had previously announced his plans to retire -- the New York-based firm said in a. Thasunda Duckett Net Worth (2023) | wallmine IN The move. Perhaps one sign of how things have changed was three years ago, with a gesture Smith made after Duckett was promoted to retail CEO. Duckett took the offer and within two years was leading the banks mortgage division. Her mom worked as a school teacher. That has stayed with me.. Last year the Browns' defense had big problems stopping the run, so they drafted a big run stuffer. "You find your passion, and for me, that was homeownership.". . She recalls the day she asked to help her father plan his retirement, looking over his savings and projected pension and 401(k) payouts. The West 125th Street location is now a site for regular seminars on household budgeting and small business. She started work at JP Morgan in 2004 and has risen through the ranks to become the CEO of Chase Consumer Banking. B.B.A., Finance and Marketing, University of Houston, M.B.A., Baylor University - Hankamer School of Business. All Rights Reserved. Offers may be subject to change without notice. Language links are at the top of the page across from the title. Duckett is currently chief executive officer of consumer banking at JPMorgan Chase. TIAA names Thasunda Brown Duckett as CEO - CBS News

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