At Chase, Duckett managed a banking network with more than $600 billion in deposits across 4,900 branches with more than 40,000 employees. Welcome, Wonder Women: Two Fortune 500 African American CEOs - Forbes High Vis vocalist Graham Sayle discusses the band's first U.S. tour and his own road to self-improvement. The banks top executives, including CEO Jamie Dimon, step out one by one for an early-August ribbon-cutting ceremony for JPMorgans first retail location in the state. Duckett will be taking over the president and CEO job at TIAA from Roger Ferguson, who is one of just a handful of Black CEOs to lead a company on Fortune's 500 List of America's largest . 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. She was the first female student regent. Its all through the lens of her life experience. In addition to being familiar with the company's culture, Duckett explained she also knew Fannie Mae would provide her with opportunities that aligned with her career goals. Duckett has traveled the country to see firsthand JPMorgans introduction to new communities and markets, including top 10 markets such as Boston, Philadelphia and Washington that have lacked a Chase retail presence. He didnt know it was for him, she says. Duckett's dad worked at a Xerox warehouse in New Jersey before losing his job and moving the family to Texas, she says. All rights reserved. Thasunda Brown Duckett . She enrolled at Baylor University, where she earned an MBA. 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. Duckett was born in Rochester, New York. "When you know what it's like to look in the refrigerator and just see baking soda, or know what it's like to have your lights turned off, personal finance is important," she told The New York Times in 2019. Despite her success, she and her family continue to face racism. She also served as a committee leader for the bank's Women on the Move initiative that works to provide financial education to women, as well as career and business opportunities. Longtime corporate executive Thasunda Brown Duckett has accomplished a lot in her career. Language links are at the top of the page across from the title. The Fortune 500 now has two Black women CEOs. That's actually an - CNN She leads a company whose mission is defined by financial inclusion and opportunity goals and values she has upheld throughout her career. The Harlem event captured the attention of influencers, including reality TV star Angela Simmons (right). At TIAA, Duckett Joins Sector Where Players Must Scale Up Thasunda Brown Duckett, Teachers Insurance & Annuity Association of 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. Education is the core, but its how you deliver the education, Duckett says. 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. When I think about who influences me, and I talk about this publicly, it is the janitors and the cooks and the secretaries who look like me who first entered corporate America that over time allowed me to exist. She lost out to a perfect candidate that Fannie chose for the position, Duckett says but Fannie decided to open up a second spot to fit her in. 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. On average, Nike executives and independent directors trade stock every 6 days with the average trade being worth of $7,064,006. Thasunda Brown Duckett | Inclusive Academy Accord to CNN, there have only been 19 Black CEOs of . There is so much fear, especially in the black community when it comes to banks and other industries, she says. Thasunda Duckett, chief executive officer of consumer banking at JPMorgan Chase & Co. Patrick T. Fallon | Bloomberg | Getty Images, JPM consumer banking CEO: We must make capital accessible to everyone, 5 powerful women share their best-kept secrets to success, 3 red flags that prove it might be time to quit your job, How this 28-year-old went from earning $72,000 to $186,000 in 5 years, Parenting expert: 5 signs your kid will be successful, Why companies pay women less, according to a salary negotiation lawyer. 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. Smiths talk is the cue for the entrance of another top executive into the branch. That includes Anacostia, a largely low-income, African-American community in Washington, D.C. She becomes CEO and president of New York-based TIAA on May 1, succeeding Roger W. Ferguson Jr., who had announced his plans to retire, it said in a statement Thursday. Vi, Yahoo, r en del av Yahoos varumrkesfamilj. Before assuming her current role in 2016, she was the CEO of Chase Auto Finance. Her rapid ascent paved the way for another big promotion in 2013, when she became head of the auto finance division. Powered and implemented by Interactive Data Managed Solutions. 'Leadership Gems' From TIAA CEO Thasunda Brown Duckett Duckett draws inspiration from trailblazers before her, who first entered corporate America and creating a path for her.I like to say I am my ancestors wildest dreams, she said. Ducketts career success has given her family (which includes stay-at-home husband Richard) the financial wherewithal she could only dream of in her own childhood. NEW YORK, Feb. 25, 2021 /PRNewswire/ -- TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, named. Duckett took the helm at TIAA this past spring. Will The Cleveland Browns Defensive Overhaul Make A Difference In 2023? NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. She makes regular media and television appearances for the bank. Powered and implemented by Interactive Data Managed Solutions. It was during this time, getting her first experience heading a profit-and-loss center for Chase, that she faced her first hurdle one that she herself nearly put in the way. Duckett has received a wide array of accolades from financial media, including Fortune, Forbes, Barrons, American Banker, Money and MarketWatch. After college she joined the government-sponsored enterprise, even though higher-paying offers were coming her way. The goal is to gain 20,000 pledges by the end of October. In our first D.C. branches, where we started, we saw customers drive and youre not going to believe this but I promise you its true over 200 miles to open up an account, she said. In May 2021, Duckett became only the third Black female CEO of a Fortune 500 company when she was named top executive of TIAA. Thasunda Brown Duckett is the CEO of Chase Consumer Banking. I, too, can be a CEO. The darkly tinted windows keep out prying eyes, but the throng of employees and local VIPs knows whos arrived. She also is ranked 10th on Fortune's . In 2021, Thasunda Brown Duckett was named the president and CEO of TIAA, a retirement and financial services company for academic, research, medical and governmental workers. JPMorgan's Thasunda Duckett named next CEO of TIAA Ordinary people can be extraordinary.. As the president and CEO of TIAA, she has championed efforts to make saving. "I said, 'I know this company and I like the people, and I'll have a better shot here,'" she told the Times. Duckett's keys for leading during crisis. From 2004 to 2013, Ms. Duckett held multiple management and consumer lending roles with JPMorgan Chase. 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. Chase Consumer Banking CEO, Sam Houston Graduate Thasunda Duckett "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. 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. Its not only on the financial statement: Are you a value-add to the community or just try to make as much money as you can?. [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. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. ABC News reported . The catch? All Rights Reserved. She is alarmed by a statistic that she regularly cites in interviews. As the Independent Director of Nike, the total compensation of Thasunda Duckett at Nike is $229,719. TED Talks. All rights reserved. Fallon Cooper LinkedIn: #schwab4good #schwablife Klicka p Avvisa alla om du inte vill att vi och vra partner ska anvnda cookies och personuppgifter fr dessa ytterligare ndaml. Duckett is the first female CEO of TIAA, a leading . 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.