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Sunday, May 12, 2024

New TIAA CEO in rare company as Black female Fortune 500 leader

Thasunda Brown Duckett, pictured in 2018, is known as one of Wall Street’s most prominent Black executives

NEW YORK: Giant US asset manager TIAA named Thasunda Brown Duckett as chief executive, making her the second African American tapped in 2021 to lead a major US enterprise.

Duckett is known as one of Wall Street’s most prominent Black executives and serves currently as head of Chase consumer banking at JPMorgan Chase, where she oversees a banking network with more than $600 billion in deposits and 40,000 employees.

Teachers Insurance and Annuity Association of America, or TIAA, which manages $1.3 trillion in assets, hailed Duckett as a “an exceptionally dynamic and inspirational leader,” said TIAA Chair Ronald Thompson.

“She brings invaluable experience leading and growing large, complex businesses,…

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