NEW YORK - JPMorgan Chase & Co’s Chief Executive Officer of the Chase Consumer Banking division Thasunda Brown Duckett is leaving America’s largest bank to become the head of the retirement provider and financial services firm TIAA, according to announcements by both companies on Thursday.
A rising star at JPMorgan, Duckett oversaw an ambitious expansion of Chase’s branch network that opened valuable doors for other banking divisions. By the end of the year, Chase will have more than 4,900 branches, including one in each of the lower 48 states. Last September she became the first Black woman to be appointed to the bank’s powerful operating committee.
Ferguson’s retirement follows that of another high-profile Black CEO, Merck & Co Inc’s Ken Frazier, who retired earlier this month.“Thasunda is widely recognized as an exceptionally dynamic and inspirational leader,” Ronald L. Thompson, chairman of TIAA’s Board of Trustees, said in a statement.
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