Before stepping into her current role in 2016, she worked as the CEO of Chase Auto Finance, SVP for emerging markets and affordable lending, and SVP of home lending. GSMA bundles North He and his wife, Rosie, struggled to raise their three children (Duckett and her two older brothers), but he found steady work driving and loading trucks for companies including Xerox. It aligns with my purpose in life to inspire others. Perhaps coincidentally, this one happens to be a key player behind the retail growth push he is detailing. Automotive: Thasunda Duckett, 41, CEO, Chase Auto Finance. Thasunda Brown Duckett is on a mission to close the gaps that stand between Americans and a dignified retirement. She holds a Bachelors degree in Finance and Marketing from the University of Houston and an MBA from Baylor University. I had to tell my dad, Your pension is not enough. . TIAA, a Fortune 100 financial services company, has . She will also discuss financial literacy and . Smith, who first met Duckett in the mortgage bank sales force, says she just has a passion, an intellect, and intellectual curiosity that caught my attention. I, too, can be on the Operating Committee. 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. From 2004 to 2013, Ms. Duckett held multiple management and consumer lending roles with JPMorgan Chase. The catch? I felt like, you know what, I can bet on myself. 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. She later moved to Texas with her parents, where she graduated from Sam Houston High School. BaylorProud Baylor Bear named president & CEO of one of America's 100 The oldest executive at Nike, Inc. is Philip H. Knight, 83, who is the Co-Founder & Chairman Emeritus. Ducketts duties will be expanded from Chief Executive Officer of Chase Consumer Banking, a division of JP Morgan, to include her Operating duties. 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. Two Black Women CEOs Broke a Record By Making the - Black Enterprise Klicka p Avvisa alla om du inte vill att vi och vra partner ska anvnda cookies och personuppgifter fr dessa ytterligare ndaml. Thasunda Duckett - President & CEO @ TIAA - CrunchBase Nearly 30% of the new branches are destined for lower-income communities of need, in areas banks have traditionally left to alternative, sometimes predatory financial services that may worsen the path out of poverty for the underbanked. She makes regular media and television appearances for the bank. 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 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. Thasunda Brown Duckett serves as Independent Director of the Company. Subscribe to The Broadsheet, our newsletter on the worlds most powerful women. The TIAA group of companies does not provide legal or tax advice. 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. Duckett is one of JPMorgan Chases most visible and accessible executives. Though Brown had worked hard for decades providing for his family and cutting hair for neighborhood boys, he hadnt delved into the nuances of high corporate finance leadership. The average net worth for single African-American women is $200 while the average for single white women exceeds $15,000. Thasunda's mailing address filed with the SEC is ONE BOWERMAN DRIVE, , BEAVERTON, OR, 97005 . She has penciled in special plans and goals for her four children, including two she and her husband adopted. 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. She wants her own children, whom she raises with stay-at-home husband Richard (center), to travel around the globe before they graduate from high school. Known as T to friends and colleagues, shes a regular visitor to the branches where most of her 48,000 employees work and 26 million households bank. We know our history, we know what was lost, we know the issues., But part of the opportunity is to say thats not who you are, she adds. It was a story he first heard nearly a decade ago when both were honorees at an industry function recognizing top African-American achievers under the age of 40. 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. Duckett wants her own children, whom she raises with stay-at-home husband Richard (center), to travel around the globe before they graduate from high school. Thasunda Duckett, then an executive at JPMorgan Chase & Co., speaks during an investment conference in Dana Point, Calif., on Oct. 2, 2018. CEO, Chase Auto Finance. February 26, 2021, 4:22 pm By Tim Glaze. As TIAA's CEO, Duckett leads a company whose mission is defined by financial inclusion. Duckett spearheaded Chases National Savings campaign, complete with new tools, products, and thought leadership to promote financial health for all consumers. She recalls the day she asked to help her father plan his retirement, looking over his savings and projected pension and 401(k) payouts. TIAA is the first company in Fortune 500 history to have two Black CEOs back-to-back. Prior to joining JPMorgan Chase, Ms. Duckett was Director of Emerging Markets at the Federal National Mortgage Association, or Fannie Mae. 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. 2023 Fortune Media IP Limited. 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. Ducketts rise at JPMorgan was swift. As local TV news cameras begin rolling, Gordon Smith, the chief operating officer, takes the floor to explain why theyve come. 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. She oversees a banking network with more than $800 billion in deposits and investments, 5,000 branches, 16,000 ATMs, and 48,000 branch employees serving 24 million households nationwide. Duckett later moved to Los Angeles, where she took on greater roles in account management and fee-guarantee negotiations with banks and investors. All rights reserved. In September 2016, Duckett was named to replace Sommers. All Rights Reserved. Despite her success, she and her family continue to face racism. Ls vr integritetspolicy och cookiepolicy fr att f mer information om hur vi anvnder dina personuppgifter. 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 . Smiths talk is the cue for the entrance of another top executive into the branch. The Fortune 500 now has two Black women CEOs. That's actually an - CNN As the president and CEO of TIAA, she has championed efforts to make saving. A few extra thousand dollars long term, I believed, was not material.. "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. . Did you know Birmingham was home to the largest black Caribbean population in the UK? 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 . For most of the employees waving Chase signs and banners, its their first meeting with the banks leaders, and they cheer each new arrival. The most recent stock trade was executed by Johanna Nielsen on 17 April 2023, trading 282 units of NKE stock currently worth $35,540. Insiders trading at Nike Over the last 19 years, insiders at Nike have traded over $3,545,556,127 worth of Nike stock and bought 36,887 units worth $3,016,316 . FORTUNE may receive compensation for some links to products and services on this website. After college she joined the government-sponsored enterprise, even though higher-paying offers were coming her way. That includes Anacostia, a largely low-income, African-American community in Washington, D.C. Accord to CNN, there have only been 19 Black CEOs of . Published: Dec 08, 2022 4 min read. See Thasunda Brown Duckett's compensation, career history, education, & memberships. [5]. JPMorgan's 400-branch expansion through 2024 allocates 30% of the branches for low-income communities. For us, this is not an effort. A new coordinator and several new players have been added to a defense that needed a rebuild. November 9, 2022 @ 1:30 pm - 2:30 pm. In May 2021, Duckett became only the third Black female CEO of a Fortune 500 company when she was named top executive of TIAA. TIAA-CREF Individual & Institutional Services, LLC, MemberFINRAOpens in a new windowandSIPCOpens in a new window, distributes securities products. Chase Consumer Banking CEO, Sam Houston Graduate Thasunda Duckett She will become the second Black woman CEO to helm a Fortune 500 company currently, following the appointment. 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