TIAA Global Organization Expert services India appoints Oindrila Majumdar as new CEO

TIAA Global Organization Expert services India appoints Oindrila Majumdar as new CEO

Jayant Patwardhan to grow to be Executive Chairman

MUMBAI, India, Sept. 21, 2022 /PRNewswire/ — TIAA World wide Company Services (GBS) India, the World wide Ability Centre of TIAA, a top supplier of protected retirements and consequence-concentrated expenditure options to hundreds of thousands of people today and hundreds of establishments, appointed Oindrila Majumdar as the new Main Executive Officer, efficient Monday, Oct. 3. She will report to Sastry Durvasula, Main Data and Customer Companies Officer at TIAA.

TIAA is accelerating its technique to guide in life time money, delight its purchasers and fortify how the business operates, with digital-initial, cloud-to start with and business-large shared expert services. Considering the fact that its inception six years in the past, TIAA GBS India has performed a important job in just the broader TIAA business and has sent excellent general performance with best amount of operational excellence. With around 2,700 associates dependent in Mumbai and Pune, TIAA’s India arm continues to perform an integral section of the worldwide capabilities tactic as they create technology, customer expert services and company-broad shared solutions across the businesses and company functions. This contains the latest new business office opening in Mumbai and planned enlargement of the Pune campuses.

Majumdar joined TIAA GBS India in 2018 and considering that then, has performed an instrumental position in primary crucial shopper providers and technology roles throughout Retirement Products and services and Nuveen Asset Administration companies. She has been serving as the campus head in Pune and chairing TIAA GBS India’s company social obligation operating committee to provide affect in the nearby communities. She brings more than 25 several years of expertise, functioning at businesses including Deutsche Bank, wherever she spent 10+ several years in management roles, Fidelity Investments and Conventional Chartered Bank.

“In the course of my time at TIAA GBS India, I have been humbled by the determination of our associates and their enthusiasm for assisting consumers accomplish their goals,” mentioned Oindrila. “I am enthusiastic to perform with my colleagues throughout the globe to continue on to deliver excellence and progress our expertise pipeline for the future.”

Previous CEO Jayant Patwardhan will develop into the Executive Chairman of TIAA GBS India. Because signing up for the corporation in 2016, he served expand it from a three-member workforce to a fully staffed ability centre. His empathetic and decisive leadership was vital in navigating the pandemic and TIAA GBS India attained the “Wonderful Areas To Function” recognition by GPTW this year.

“It is an thrilling time at TIAA,” explained Sastry Durvasula, Chief Information and Consumer Expert services Officer. “Jayant has crafted a sturdy basis for the long run and I am self-confident of Oindrila’s management, clarity of goal and energy in getting TIAA GBS India into the future phase of strategic expansion and elevated world abilities.”

About TIAA GBS India:

TIAA Global Organization Companies (GBS) India delivers substantial-high quality world-wide technological innovation, operations and shared products and services to TIAA’s companies and associates. Associates at TIAA GBS India do the job intently with colleagues in the U.S. and all-around the planet to fulfill the needs of its ever-escalating consumer base.

About TIAA

TIAA is a primary provider of safe retirements and final result-focused financial investment alternatives to tens of millions of people and hundreds of institutions. It is the #1 not-for-gain retirement current market supplier1, compensated extra than $6.4 billion in life time money to retired clientele in 2021 and has $1.2 trillion in assets less than administration (as of 6/30/2022)2.

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  1. As of July 21, 2022. Primarily based on facts in PLANSPONSOR’s 403(b) 2022 DC Recordkeeping Survey, merged 457 and 403(b) data.
  2. As of June 30, 2022 assets less than administration throughout Nuveen Investments affiliate marketers and TIAA financial commitment management teams are $1,222 billion.

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