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The 25 Most Powerful Women in Banking
1. Beth Mooney
 

Chairman and CEO, KeyCorp

Beth Mooney, who began her banking career at Republic Bank of Texas in the 1970s, vividly recalls the days when she was the only woman in managers' meetings. Now, as one of the few women running a major banking company—and the only female CEO at a top 20 U.S.-based bank—she says she feels an obligation to nurture female talent. She's doing just that, announcing key hires and promotions of women, and pressing recruiters who work with the bank to provide more diverse slates of candidates in general.

She's also focused on what may be banks' greatest single challenge these days: growing revenue. She has addressed the issue head on by buying back a credit card portfolio, acquiring roughly three dozen branches in upstate New York and beefing up Key's commercial mortgage servicing portfolio. She's also spearheading an efficiency drive that puts the bank on pace to trim overhead by roughly $200 million a year through branch consolidation and other cost-cutting measures.

Those moves are a big reason by Key's share price is up nearly 40 percent over the past year, outpacing the KBW Bank Index and the Standard & Poor's 500.

(See Mooney's full profile here.)

Comments (1)
I have always surrounded myself with the best people for the job at all levels of a corporation. In many instances that meant women, many women, gay people, people of color and multiple races. Only an idiot would exclude intelligent, talented forward thinking human beings because they did not fit some outdated discriminatory mold. Women are great multi-taskers. They also look at a problem in a way that is somewhat different than a man, generally speaking. Gay people are just very detail oriented and incredible acurate, generally speaking. Bringing all this together with the traditional white male senior executive team not only makes good sense, it is the best mix one can get at the top of an organization right on down. Wake up America. Get Smart! Bob Rosen
Posted by robrose | Wednesday, September 18 2013 at 1:09PM ET
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