The firm said it plans to engage more clients with its wealth management services that concentrate on comprehensive financial planning.

TIAA, the investment house with $1.2 trillion of client money as at end-September 2022, has named former senior HSBC figure Tara Latini as its wealth distribution head. 

Latini is the former head of wealth and personal banking for HSBC USA in New York. Prior to this, Latini served as the bank’s country head of wealth and personal banking in Malaysia and as global transformation program director based in London. 

She also has served as a regional chief operating officer.

Earlier in her career, Latini held a variety of posts at JP Morgan Chase.  

TIAA has also named two other senior leaders who will join the wealth management business:

-- Rich Immesberger was named senior managing director, president and chief executive of TIAA Trust, and the chief fiduciary officer. Immesberger is the former president of Pacific Premier Trust.

-- Niladri “Neel” Mukherjee was named the chief investment officer for wealth management. Prior to his new role, Mukherjee was the head of portfolio strategy in the chief investment office of Bank of America for more than five years.