Thasunda Brown Duckett Named to Most Powerful Women in Finance—Redefining Retirement Security for Millions

December 10, 2025

Thasunda Brown Duckett Named to Most Powerful Women in Finance—Redefining Retirement Security for Millions

December 10, 2025

Thasunda Brown Duckett Named to Most Powerful Women in Finance—Redefining Retirement Security for Millions

December 10, 2025

When Thasunda Brown Duckett stepped into the role of president and CEO of TIAA, she wasn’t simply taking the helm of a financial institution—she was stepping into a national calling. Her leadership has consistently focused on expanding access, strengthening financial confidence, and ensuring that everyday people can retire with dignity.

Now, she has been named to American Banker’s “Most Powerful Women in Finance” list—an acknowledgment of her bold leadership and her determination to make wealth-building attainable for every working American.

Changing How America Retires


When TIAA launched an IRA product designed to broaden access to lifetime income, the stock market was having one of its most volatile days. Investors were rattled, headlines were uncertain—but to Duckett, the moment only validated the importance of guaranteed income.

“Guaranteed income isn’t a luxury—it’s a necessity,” she said, emphasizing that Americans deserve stability that isn’t dependent on market turbulence or economic swings. Her message is clear: security shouldn’t depend on timing—it should be built into the system.

Expanding Access to Lifetime Income


Duckett has led TIAA through major expansions, including entering the corporate 401(k) space—moving beyond its traditional base of nonprofit and university employees, and opening doors for millions more workers.

With nearly half of Americans at risk of running out of money in retirement, she has called retirement security “a national imperative,” pushing the conversation from policy circles into living rooms, workplaces, and communities that often feel unprepared for the future.

Public policy is responding. Nearly 20 states have introduced legislation to expand access to retirement plans, while national lawmakers consider automatic re-enrollment for workers who fall out of savings. Under Duckett’s leadership, TIAA is positioned not just to participate in these changes, but to drive them.

Innovation With Purpose


Duckett’s commitment to access extends to technology and partnerships. TIAA has invested in Vestwell, partnered with major recordkeepers, and launched a proprietary generative AI platform—TIAA GAIT—to empower its teams with faster insights and stronger decision-making tools.

She isn’t just modernizing systems—she’s modernizing people. Through training initiatives like the Guild Network, thousands of employees are building new skills in technology and business processes, preparing the organization for a future shaped by AI.

For Duckett, innovation isn’t about disruption—it’s about dignity, confidence, and opportunity.

Leadership Beyond Wall Street


Duckett recently joined a group of investors purchasing a minority stake in the WNBA’s New York Liberty—extending her influence into sports, culture, and representation. As a former student athlete, she believes athletics build leadership and community—not just championships.

Her philanthropic work through the Otis and Rosie Brown Foundation continues this mission, celebrating everyday excellence and supporting families, students, and communities with access to education and opportunity.

“Extraordinary is everywhere,” she says, “especially among those who create opportunities for others.”

Lessons Emerging Leaders Can Learn


1. Access is power

Duckett’s leadership proves that expanding access expands possibility.

2. Dignity belongs in financial discussions

People deserve systems that support their future—not fear about it.

3. Innovation must include inclusion

Technology should lift people, not replace them.

4. Leadership is service

Real leaders build pathways so others can rise.

A Leader Changing the Narrative


Thasunda Brown Duckett is not simply leading an institution—she is reshaping how our nation prepares for the future. Her work reminds us that financial empowerment is not only about wealth; it’s about dignity, equity, and the chance to live a full life long after work ends.

Her recognition is well deserved—but the true win is what it means for generations who will retire stronger because she decided to lead with vision, courage, and purpose.

And that is the kind of leadership that transforms lives.

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For California entrepreneurs seeking an edge in the state procurement marketplace, certification through the California Department of General Services (DGS) remains one of the most effective ways to increase visibility, access contracting opportunities, and compete more fairly for government contracts. DGS’s Office of Small Business and Disabled Veteran Business Enterprise Services (OSDS) oversees certification for both Small Business (SB) and Disabled Veteran Business Enterprise (DVBE) designations — and understanding how to apply or re-apply is essential for business growth. What the SB and DVBE Certifications Do The SB and DVBE certification programs are designed to promote and increase participation by small businesses — including veteran-owned firms — in state contracting. Certification can help businesses: Appear in the official California certified vendor directory used by state agencies and prime contractors Be considered for direct contracting opportunities through the SB/DVBE Option Participate in solicitations with bid preferences or incentive programs Expand access to state procurement markets worth billions annually Certification also supports broader policy goals: California law calls for specific participation targets — such as a 3% DVBE participation requirement on many state contracts — and agencies seek to maximize involvement from certified firms. Who Qualifies for SB and DVBE Certification Small Business (SB): To qualify as a certified small business in California, a firm must be independently owned and operated, meet state revenue size standards, and have its principal office in California. For most SB applications, average gross annual revenues over the previous three years must fall below the threshold defined for the business’s industry category. Disabled Veteran Business Enterprise (DVBE): DVBE certification is specifically for businesses owned by disabled veterans. To qualify, the business must meet several requirements: At least 51% owned by one or more disabled veterans Disabled veteran(s) must be actively managing and controlling the day-to-day operations and decision-making The veteran(s) must have a service-connected disability as verified by the U.S. Department of Veterans Affairs (typically at least 10% disability) The firm’s home office must be located in the U.S. and properly registered to do business in California For certain business structures such as LLCs, the entity may need to be wholly owned by qualifying disabled veterans These requirements, set out in DGS’s certification criteria, ensure that only legitimate disabled veteran-owned businesses receive DVBE certification and access to corresponding opportunities. How to Apply or Re-Apply 1. Register on Cal eProcure All certification applications are submitted through Cal eProcure — California’s online procurement portal. Businesses must first create or update their profile on the system before beginning the certification process. 2. Complete the Certification Application Once registered, log in to Cal eProcure and navigate to the Small Business/DVBE services section. Select the appropriate certification type — SB, DVBE, or both — and complete the questionnaire. Applicants need to provide documentation supporting ownership, structure, financials, veteran disability status, and control of the business. 3. Upload Required Documentation Required attachments typically include tax returns, ownership agreements, veteran disability verification (e.g., VA award letter), government-issued IDs, and other supporting evidence. Ensuring files are complete and clearly labeled reduces processing delays. 4. Submit and Monitor Status After submission, the Office of Small Business and DVBE Services reviews the application. 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Certified firms are more likely to be considered for: State agency contracts and solicitations that prioritize or require certified vendors SB/DVBE Option contracts , where state agencies can award directly to certified firms Prime contractor subcontracting goals , particularly for DVBEs Educational and outreach events that connect vendors with buyers and procurement professionals Certification also supports compliance with state procurement goals — such as the minimum DVBE participation rate of 3% in many solicitations — meaning agencies and primes actively seek certified DVBEs as part of responsible bidding. Getting Support and More Information The DGS Office of Small Business and DVBE Services offers outreach, training, and assistance to help applicants successfully navigate the certification process. You can contact the office at (916) 375-4940 or via email at OSDSHelp@dgs.ca.gov for help with applications, renewals, or understanding program requirements. Whether you are applying for the first time or renewing your SB/DVBE certification, completing the process through Cal eProcure positions your business to compete more effectively in California’s public procurement landscape. Certification opens doors — and in an increasingly competitive market, having that verified status can make a decisive difference

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