TIAA’s New Era: JPMorgan’s Thasunda Duckett named President and CEO
As the new chief of TIAA, Thasunda Brown Duckett will become the third black female CEO currently in the Fortune 500, and the second announced this year. PUBLISHED BY
Chase Consumer Banking, a JPMorgan division, is heading over to
The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund or
TIAA, as chief executive officer and president.
Duckett, 47, will be heading the $1.3 trillion investment management fund. She is one of the few prominent black Fortune 500 CEOs on Wall Street.
Thasunda Duckett will replace Roger Ferguson, who will retire in May after 13 years in the CEO post. The investment industry is in a sort of upheaval with tightening margins due to low cost, safe investments and small investors driving the market.
TIAA Taps Thasunda Brown Duckett as CEO | Chief Investment Officer
ai-cio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ai-cio.com Daily Mail and Mail on Sunday newspapers.
US choice: From "unstable country" to thriving multiracial democracy?
csmonitor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from csmonitor.com Daily Mail and Mail on Sunday newspapers.
New TIAA CEO in rare company as Black female Fortune 500 leader
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
TIAA named
Thasunda Brown Duckett as its next president and CEO. She will join the firm on May 1 from her current employer,
JPMorgan Chase, where she has served as CEO of Chase Consumer Banking. At TIAA, Duckett will succeed
Roger Ferguson, who is departing the firm after 13 years as chief executive. JPMorgan co-president and COO
Gordon Smith said in an internal memo that, in the meantime, leadership of the consumer bank will report in to him and that the firm will announce plans around succession shortly.
Maverick Capital executive
Andrew Warford is leaving the $9 billion hedge fund. Warford, chairman of the firm s stock committee and de facto head of the fund, is departing after 18 years. He was tapped to head up the stock committee in 2012 and became a managing partner in 2013 as