head shot of TIAA CEO DuckettTIAA has picked Thasunda Brown Duckett to become its new president and CEO. She is coming over from JP Morgan Chase, where she is head of consumer banking.

Duckett will succeed Roger Ferguson Jr., who is preparing to retire from his post as head of the New York-based financial services giant.

Ferguson had previously announced plans to retire March 31, but he will stay on as CEO until May 1, when Duckett steps in, according to TIAA.

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Allison Bell

Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.