TIAA Global Business Services India appoints Aindrila Majumder as new CEO

TIAA Global Business Services India appoints Aindrila Majumder as new CEO
TIAA Global Business Services India appoints Aindrila Majumder as new CEO

Executive Chairman is Jayant Patwardhan

MUMBAI, India , Sept. 21, 2022 /PRNewswire/ — TIAA Global Business Services (GBS) India, TIAA’s Global Capability Center, a leading provider of secure retirement and results-focused investment solutions to millions of people and thousands of institutions, has announced the new Chief Executive Appointed Aindrila Majumder as Officer, effective Monday, October 3 He will report to Shastri Durvasula, TIAA’s Chief Information and Client Services Officer.

TIAA Global Business Services (GBS) India appoints Aindrila Majumder as new CEO

TIAA is accelerating its strategy to lead lifetime revenue, delight its clients and strengthen how the firm operates, with digital-first, cloud-first and enterprise-wide shared services. Since its inception six years ago, TIAA GBS India has played a pivotal role within the larger TIAA organization and has delivered exceptional performance with the highest level of operational excellence. With over 2,700 associates based in Mumbai and Pune, TIAA’s India arm continues to serve as an integral part of the global enablement strategy as they build technology, client services and enterprise-wide shared services across business and corporate functions. These include the recent opening of a new office in Mumbai and the planned expansion of the Pune campus.

Majumder joined TIAA GBS India in 2018 and has since played a key role in key client service and technology roles across the Retirement Services and Nuveen Asset Management businesses. He serves as Campus Head in Pune and chairs the Corporate Social Responsibility Steering Committee of TIAA GBS India to impact local communities. He brings over 25 years of experience working at organizations including Deutsche Bank, where he spent 10+ years in leadership roles, Fidelity Investments and Standard Chartered Bank.

“Throughout my time at TIAA GBS India, I have been humbled by the commitment of our associates and their passion to help clients achieve their goals,” said Oindrila. “I am excited to continue to deliver excellence and work with my colleagues around the world to advance our talent pipeline for the future.”

Former CEO Jayant Patwardhan will be the executive chairman of TIAA GBS India. Since joining the organization in 2016, he has helped grow it from a three-member team to a fully staffed capability center. His compassionate and decisive leadership was instrumental in navigating the pandemic and TIAA GBS India earned the “Great Place to Work” recognition by GPTW this year.

“This is an exciting time at TIAA,” said Shastri Durvasula, Chief Information and Client Services Officer. “Jayanth has laid a strong foundation for the future and I am confident in Oindrila’s leadership, clarity of purpose and energy in taking TIAA GBS India to the next stage of strategic growth and enhanced global capabilities.”

About TIAA GBS India:

TIAA Global Business Services (GBS) India provides high-quality global technology, operations and shared services to TIAA’s businesses and affiliates. TIAA GBS India associates work closely with colleagues in the US and around the world to meet the needs of its growing client base.

About TIAA

TIAA is a leading provider of secure retirement and results-focused investment solutions to millions of people and thousands of institutions. It is the #1 not-for-profit retirement market provider1, having paid out over $6.4 billion in lifetime income to retiree clients in 2021 and has $1.2 trillion in assets under management (as of 6/30/2022)2.

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As of July 21, 2022. Based on data from PLANSPONSOR’s 403(b) 2022 DC Recordkeeping Survey, a combination of 457 and 403(b) data. As of June 30, 2022, Nuveen Investments Affiliates and the TIAA Investment Management Team had $1,222 billion in assets under management.

©2022 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017

Source TIAA

The article is in Bengali

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