[2], On May 1, 2021, she became the CEO of the Teachers Insurance and Annuity Association of America (TIAA), making her the fourth Black woman in history to serve as a Fortune 500 CEO,[4] and one of two female Black American CEOs to then lead a Fortune 500 company. It really is important when people can see the art of possibility, Duckett says, during one of several interviews over the course of the summer for this article. The TIAA group of companies does not provide legal or tax advice. . Thasunda Duckett is now in the house! Smith says in his clipped British accent. Duckett's dad worked at a Xerox warehouse in New Jersey before losing his job and moving the family to Texas, she says. Before joining Chase in 2004, she started her career at Fannie Mae in 1996, helping to lead affordable housing initiatives for people of color. Duckett credits much of her success to finding her career passion early on. "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. Once again, this week on Professional Troublemaker, we're going back into our archives and re-sharing some of our interviews with epic professional troublemakers. As the Independent Director of Nike, the total compensation of Thasunda Duckett at Nike is $229,719. Lunch or dinner could be a serving of red beans, rice and spaghetti. I draw a lot of inspiration to those shoulders that Im on, she toldAmerican Banker. Her father, Otis Brown, had decades earlier left Louisiana, where the Ku Klux Klan twice burned down his house, and started a family in upstate New York. Born in Rochester, New York and raised in Texas, Duckett has been open about how her humble upbringing led her to a career in finance. Through the Inroads program, she got an internship at Fannie Mae while in college. Subscribe to The Broadsheet, our newsletter on the worlds most powerful women. She enrolled at Baylor University, where she earned an MBA. She becomes chief executive officer and. Duckett is a leading voice among bankers in the need to close the wealth gap between white and Black Americans By Justin Baer Updated Feb. 25, 2021 11:10 am ET The mood music about AI is starting to fundamentally shift. Thasunda Brown Duckett, the top Black executive at JPMorgan Chase & Co., is leaving the bank to become CEO of retirement-services provider TIAA. The West 125th Street location is now a site for regular seminars on household budgeting and small business. She knows the experience, and consequences, of financial unawareness. Technology. I, too, can be a CEO. I want my kids to visit every continent before they graduate from high school, she says. 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Duckett's keys for leading during crisis. 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 serves as Independent Director of the Company. She is the executive sponsor of JPMorgan Chases Advancing Black Pathways program, aimed at helping Black Americans achieve economic success through wealth, education and careers. It is about first relating to people. February 26, 2021 / 3:54 PM / CBS/AP. "Now, thanks to his work and sacrifices and the support of many others who have guided me throughout my life and career, I am blessed to join TIAA, which has paid out over$500 billionof lifetime income and other benefits since its founding in 1918. Famfa Oil, one of Nigeria's most prolific oil-producing companies. In 2013, she founded The Rosie and Otis Brown Foundation in honor of her parents, to recognize people who use ordinary means to uplift their community in extraordinary ways. You know its going to be a C-section and Ill be out for three months, right? And they said, Youre planning on coming back, right?. Teachers Insurance and Annuity Association of America named JPMorgan Chase's Thasunda Brown Duckett as CEO, the second Black woman tapped this year to lead a Fortune 500 company.. Starbucks executive Rosalind Brewer was appointed last month to helm Walgreens.. She soon found out that she was going to work in the mortgage business, something she could relate to. When Duckett interviewed for an internship with Fannies Dallas office as an undergraduate, she quickly made an impression. Equal Housing Lender. Browse the library of TED talks and speakers. She recalls the day she asked to help her father plan his retirement, looking over his savings and projected pension and 401(k) payouts. She discovered he had spent years without establishing and adequately contributing to a 401(k) plan, because he wasnt aware he was eligible. Duckett and Michelle Ebanks, the chief executive of Essence Communications, share a hug at a June event designed to promote JPMorgan's Currency Conversations project. Duckett aims to be an influencer, especially among young black women who do not see many females of color in business leadership roles. Terms & Conditions. Thasunda Duckett. The Otis and Rosie Brown Foundation annually issues student scholarships and grants to nonprofit organizations that, according to the organizations motto, exemplify what Duckett sees in her parents: Extraordinary things can be done with ordinary resources., You dont have to be Oprah and give away cars to be extraordinary, Duckett says. Images- Facebook. And black women face more hurdles to financial success than any other group in the. Dallas and Fort Worth with New City Connect Uniforms. 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. At the conversation events, which kicked off in June at JPMorgans Harlem branch, Duckett encourages black women to take the Currency Conversations pledge to save money, reduce debt, set a financial goal and, most important, spread the pledge to friends and family in the African-American community. She will become the second Black woman CEO to helm a Fortune 500 company currently, following the appointment. From 2013 to 2016, Ms. Duckett served as the Chief Executive Officer of Chase Auto Finance. ABC News reported . She has penciled in special plans and goals for her four children, including two she and her husband adopted. [2] She attended the University of Houston, receiving a Bachelor's degree in Finance and Marketing. She is currently only one of two Black women running a Fortune 500 company, and only the fourth Black woman to ever helm one. Focus and stay locked in on the task: Be empathetic, think about others, and trust your ability Be decisive: Use analytics and be bold Let go: Empower your team, acknowledge this is a team sport Beyond the pandemic, Duckett is leading TIAA through a critical time when the purpose of a corporation is shifting and more corporate transparency and . Earlier in her career, she was a Director of Emerging Markets at Fannie Mae. 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I'm sharing this news Representing financial heavyweights, medical pioneers, and dynamic storytellers, the newest additions to the 2021 Forbes List of the World's Most Powerful Women are already formidable forces in their own right. You can help Wikipedia by expanding it. CEO, Chase Auto Finance. 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. Klicka p Avvisa alla om du inte vill att vi och vra partner ska anvnda cookies och personuppgifter fr dessa ytterligare ndaml. Its California Certificate of Authority number is 6992. I bet she gets more applause than any of them, the staffer says. Thasunda Brown Duckett is President and Chief Executive Officer of TIAA, a Fortune 100 provider of secure retirements and outcome-focused investment solutions to millions of people working in higher education, healthcare and other mission-driven organizations. Alumna of the Year. ", Check out:Walgreens new CEO Roz Brewer on bias in the C-suite: When youre a Black woman, you get mistaken a lot, Don't miss:The best credit cards for building credit of 2021, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. I recognize what makes our country great is the ideal of a more perfect union. Before joining TIAA in 2021, she held several key executive roles during a 17-year career at JP Morgan Chase, including CEO of the Consumer Bank and Auto Finance. The Chapel Hill site is the 28th branch opening in an ambitious plan to start nearly 400 JPMorgan bank centers in new markets across the country, expected to be completed by 2024. The most recent stock trade was executed by Johanna Nielsen on 17 April 2023, trading 282 units of NKE stock currently worth $35,540. Thasunda's mailing address filed with the SEC is ONE BOWERMAN DRIVE, , BEAVERTON, OR, 97005. They moved to an apartment in Arlington, at first using crates as makeshift furniture. Which doesnt mean we always get it right.. Under Duckett's leadership, Chase has undergone a digital and physical transformation that . She is also a former CEO of Chase Consumer Banking, [1] a division of JP Morgan, and a member of the board of directors of Nike . All Rights Reserved. I recognize it wasnt that long ago I could not exist in corporate America or in many parts of the fabric of our country. Ls vr integritetspolicy och cookiepolicy fr att f mer information om hur vi anvnder dina personuppgifter. I felt like, you know what, I can bet on myself. Offers may be subject to change without notice. Within three years, JPMorgan shuffled its retail business by spinning out wealth management and investment services to a new unit under former consumer banking CEO Barry Sommers. After graduating from college, Duckett says she received multiple job offers, but decided to go with Fannie Mae, even though it was the lowest. High Vis Singer Graham Sayle Is Making Peace With Himself, Gas Prices Drop For Seven Straight Days: Heres Where Its CheapestAnd Where Its Still Rising, Late To The Draft Party, The Cleveland Browns Go Big, One Month In, MLB Viewership And Attendance Are Up. Side Navigation. Duckett was born in Rochester, New York. As the CEO of Chase Consumer Banking, a role she's held since 2016, Duckett has worked tirelessly to not only educate others about the importance of financial literacy, but to also diversify the pipeline of talent entering the field. Musical artist and actor Saweetie has teamed up with her grandmother Roxane Harper to establish the Icy Baby Foundation, a nonprofit that teaches financial literacy to Black and Brown youth. On average, Nike executives and independent directors trade stock every 6 days with the average trade being worth of $7,064,006. For the new UNC campus-area branch (on Franklin Street, directly across the street from a rival SunTrust branch), Duckett picks up where Smith left off, further describing the banks mission within the new-market strategy: doing the right thing. (The other three are Rosalind Brewer, current CEO of Walgreens Boots Alliance; former Xerox CEO Ursula Burns; and Mary Winston . Wichita State on Saturday fired head mens basketball coach Isaac Brown after three seasons. "I have so . Art Dyson, the iconic hairstylist who developed thermal blow-drying after leaving the military, Chicken stock for bubble butts, this is the dangerous road plied by Congolese women [Video]. As a young girl, Thasunda Brown Duckett experienced economic uncertainty firsthand. As one of the. The Harlem event captured the attention of influencers, including reality TV star Angela Simmons (right). JPMorgans strategy is to build upon its retail connections with customers in cards, mortgages and wealth management in the Carolinas and other areas where JPMorgan branches have long been absent. Duckett was six months pregnant with her second child when the offer from her boss came along. Thasunda Brown Duckett (born July 22, 1973) is an American businesswoman who serves as the president and chief executive officer (CEO) of TIAA. A Division of NBC Universal. Thasunda Brown Duckett is on a mission to close the gaps that stand between Americans and a dignified retirement. 100+ collections of TED Talks, for curious minds. Fireside Chat with TIAA CEO Thasunda Brown-Duckett. Its California Certificate of Authority number is 3092. That has stayed with me.. automatically this yearand prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017, Opens in new window, need to login to access the page, Check the background of this firm on FINRAs BrokerCheck, FINRA Manual and other related FINRA information, Do not sell/share my personal information, Confidentiality for victims of domestic violence, TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. Thasunda Brown Duckett is President and Chief Executive Officer of TIAA, a leading provider of secure retirements and outcome-focused investment solutions for millions of people and thousands of institutions. CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Weekend Buzz: April 21-23, 2023. All Rights Reserved. He didnt know it was for him, she says. 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. Sekou Kaalund, a Chase managing director and head of Advancing Black Pathways, credits Duckett with sharing her own personal history and her career path to mentor those enrolled in the program. She leads a company whose mission is defined by financial inclusion and opportunity goals and values she has upheld throughout her career. As the president and CEO of TIAA, she has championed efforts to make saving. . She went to the University of Houston, four hours south of Arlington, earning a degree in finance and marketing which led to the start of her career in finance, at Fannie Mae in 1996. From 2004 to 2013, Ms. Duckett held multiple management and consumer lending roles with JPMorgan Chase. She gained some early acclaim by organizing a universitywide, intramural basketball tournament that brought together students from all stripes black and white, the Greek houses, dorms, etc. This is embedded in our business, says Duckett. (Bloomberg) -- Thasunda Brown Duckett, the top Black executive at JPMorgan Chase & Co., is leaving the bank to become chief executive officer of retirement-services provider TIAA. In her role, she served as executive sponsor of JPMorgan Chase's Advancing Black Pathways program, an initiative focused on helping Black Americans close historical achievement gaps in wealth, education and career opportunities. New York, NY. She leads a company whose mission is defined by financial inclusion and opportunity - goals and values she has upheld throughout her . Currently, Duckett lives in Connecticut with her husband and four children. She and JPMorgan Chase are encouraging African-American women to take a savings and investment pledge as part of a financial empowerment program. Overseeing more than $600 billion in deposits, Duckett is also spearheading JPMorgan's branch expansion, which since its launch in 2018 has picked up steam: The bank plans to open 400 new. As local TV news cameras begin rolling, Gordon Smith, the chief operating officer, takes the floor to explain why theyve come. The average net worth for single African-American women is $200 while the average for single white women exceeds $15,000. Financial services giant TIAA has named Thasunda Brown Duckett to succeed Roger W. Ferguson Jr. as CEO. Thasunda Brown Duckett speaks onstage during the 2018 Essence Festival presented by Coca-Cola at Ernest N. Morial Convention Center on July 7, 2018 in New Orleans, Louisiana. . And Mary Winston was the second when she served as interim CEO at Bed Bath & Beyond in 2019 before being replaced by permanent CEO Mark Tritton. Please consult your tax or legal advisor to address your specific circumstances. The Currency Conversations initiative is an outgrowth of the firms new Advancing Black Pathways program for which she is the executive sponsor. Ducketts undertaking includes advocacy for change on both sides of the teller window. Duckett oversees more than $800 billion of deposits and investment, 25 million US households, 50,000 employees and 4,900 branches. Duckett joined TIAA after serving as Chief Executive Officer of Chase Consumer Banking, where she oversaw a banking network with more than $600 billion in . In 2019, she was named one of Fortunes Most Powerful Women to Watch.. Her new position is noteworthy for a. Now as TIAA's new CEO, the executive says, "I am extraordinarily grateful for the opportunity to lead a company that has helped millions of people retire with 'enough' to live in dignity and excited about the opportunity to help TIAA chart its next 100 years. Mrs. Thasunda Brown-Duckett will discuss her pathway to becoming an advocate for diversity and inclusion and her experiences as one of only two Black female CEOs in the U.S. leading a Fortune 500 company. Duckett is focused on filling the gaps for populations where poverty is pervasive and local needs jobs, investment and education are critically inadequate. Duckett grew up in Texas and lives in Connecticut with her family. All rights reserved. GSMA bundles North As Games Shorten, MLB Teams Need To Step Up Their Marketing Efforts To Keep Concession Sales Up, Barring A Trade, Cleveland Browns Will Have A Long Wait Before Making Their First Draft Pick, Saweetie And Her Grandma Are Teaching Financial Literacy To Black And Brown Youth, Millie Bobby Brown Stranger Things Star Engaged: Everything You Need To Know, Jon Rahm Brown Bagged His Way To A Green Jacket, The Cleveland Browns And Elijah Moore Are A Potentially Perfect Marriage, New CBA Could Lower All-NBA Stakes For Jaylen Brown, Boston Celtics. Another top priority: continuing the work on financial inclusion that she pioneered as an exec at JPMorgan through efforts to reduce racial and gender gaps in lifetime savings. Duckett loved Fannie Mae. A nearby advance corporate staffer observes the welcome for Duckett, JPMorgans chief executive for consumer banking and one of the banks fast-rising young executives. TED Recommends. JPMorgan's 400-branch expansion through 2024 allocates 30% of the branches for low-income communities. In addition, Duckett is an appointee to the Presidents Board of Advisors on Historically Black Colleges and Universities (HBCUs), The Business Council Executive Committee, the Business Roundtable and the Committee for Economic Development of The Conference Board. ( I truly appreciate everyone) Thank you to everyone that supported BPACS-DFW volunteer effort! At corporate events, such as branch openings or her prized financial literacy campaign (Currency Conversations) she helped roll out this year with Essence, Duckett is a main attraction.
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