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Mooney on Guidance for the 'Daughters' of Banking

KeyCorp Chairman and CEO Beth Mooney's advice for career success.

Mooney: We Have an Extra Obligation to Do It Well

KeyCorp's Beth Mooney on what her CEO role symbolizes.

Alemany: We've Gone from a Lack of Data to Big Data

Lifetime Achievement honoree Ellen Alemany notes how the industry has evolved since the start of her career. Alemany, the recently retired head of RBS Citizens Financial Group, accepted the award at an American Banker gala celebrating the industry’s most powerful women.

JPM's Erdoes Answers the Critics

Accepting her award as American Banker's Most Powerful Women in Finance, Mary Callahan Erdoes of JPMorgan Chase delights her audience with a humorous anecdote, and unapologetic pride, about working in the industry today.

Related: The Most Powerful Women in Banking

What Would You Tell Your Daughter?
Women in Banking: Pathways to Power

How today's female executives are clearing roadblocks to the executive suite.

KeyCorp's Beth Mooney: The Most Powerful Woman in Banking

The KeyCorp chairman and CEO on the extra obligation she feels to help bring more women into leadership positions.

KeyCorp's Beth Mooney on the Business Environment for Banks

The KeyCorp chairman and CEO discusses the advantages of the regional banking model, the U.S. economic picture and how banks are coping with it.

KeyCorp's Beth Mooney: 'This Is the New Normal'

The KeyCorp chairman and CEO says the new regulatory, reputational and cost pressures on banks aren't going away anytime soon.

Celebrating 10 Years

The Most Powerful Women in Banking and Finance, Then and Now

Women in Banking Keynote: Sheryl Wudunn

The author and Pulitzer Prize-Winning journalist discusses the plight of woman around the world and how to bring about change.

Julie Williams: Lifetime Achievement Award Winner

Former Acting Comptroller of the Currency Julie Williams emphasized the importance of responding to tough decisions by doing the right thing during her Lifetime Achievement Award acceptance speech at the recent Most Powerful Women in Banking dinner at New York’s Waldorf Astoria.

Lynn Carter: Lifetime Achievement Award Winner

Former Capital One Bank President Lynn Carter urged bankers to embrace perspectives contrary to their own during her Lifetime Achievement Award acceptance speech at the recent Most Powerful Women in Banking dinner at New York’s Waldorf Astoria.

Irene Dorner on Creating a Level Playing Field for Women

The chief executive of HSBC USA discusses how women can rewrite the rules of the workplace and help restore the banking industry's good name.

Women in Banking Keynote: Irene Dorner

Irene Dorner, The most powerful woman in banking and chief executive officer of HSBC USA, Irene Dorner, speaks about creating an inclusive workplace, her secrets for success and how to restore banking's good name.

Irene Dorner on Learning to Aim High

How a chauvinistic history teacher and an unsentimental father taught Irene Dorner, chief executive of HSBC USA, to consider the sky the limit.

Irene Dorner on the Value of Managing for the Long Term

Yes, quarterly results and the bottom line matter. But acting in the long-term interests of all their stakeholders is the ultimate measure of leaders, says Irene Dorner, chief executive of HSBC USA.

Irene Dorner on How to Restore Trust in Banking

The CEO of HSBC USA, Irene Dorner, says that to regain the public's confidence, banks must refocus on "lofty stuff." Namely, that they "exist to enable business to thrive and economies to prosper."

Sallie Krawcheck on Regulation & Reform
Sallie Krawcheck: What Matters 'Are the Facts'

Sallie Krawcheck on what the past decade has brought for women in financial services and on why she continues to speak out about the business case for diversity.

The 25 Most Powerful Women in Finance

Across asset management, investment banking, capital markets and cards, these executives are helping to create a path to parity for women in a traditionally male-dominated field.

1. Ann Marie Petach
CFO, Blackrock

As chief financial officer at BlackRock, Ann Marie Petach works in a soaring skyscraper in midtown Manhattan. It's a long way away from the greasy, gritty Ford Motor plant in Michigan where she started her career.

When Petach took an entry-level job as a financial analyst in Ford's electrical and electronics division, she thought it would simply be a good way to learn corporate finance, and that her stay with the automaker would last no longer than three years. But it turned into a 23-year journey that spanned three continents and led to Petach becoming Ford's treasurer.

It also led to her job at BlackRock, which helped Ford with its debt issuance and pension fund management. Petach got to know BlackRock CEO Laurence Fink, and once asked for his advice on a job opportunity that came her way. He told her not to take it, and soon hired her himself, bringing her on board in 2007 as head of business finance, and making her CFO a year later.

Petach defies the stereotype of the CFO as corporate bean counter. She is a strategic adviser both internally and to key clients. In addition to chairing BlackRock's capital committee and co-chairing its corporate risk committee, she sits on the firm's global executive, global operating and government relations steering committees.

It was Petach who pushed BlackRock to increase its credit line from a negligible amount to something closer to $2.5 billion, which eventually helped position the firm to be able to acquire Barclays Global Investors in 2009. The $15.2 billion deal-Petach was instrumental in the due diligence process-vaulted BlackRock's assets under management, now at $3.56 trillion, past that of State Street and Fidelity Investments. She also spearheaded major secondary offerings that pushed shares formerly held by big stakeholders like Bank of America into the public market. In less than two years, BlackRock's ownership has gone from 80 percent privately held to 80 percent public. Along the way, as the public float crossed the 50 percent mark, the firm qualified for inclusion in the Standard & Poor's 500 Index, which it joined in April 2011.

There were few women in upper management at Ford when Petach began her career in the auto industry in the 1980s. But at Black-Rock, she notes, two of the eight founders were women.

"I do believe success breeds success," Petach says. "I was coming into a place where I walked in the door and knew there were senior women with a seat at the table. I wasn't filling a statistic or breaking the barrier. The barrier didn't exist."

One of the "uncelebrated positives" of the Barclays Global Investors deal, Petach says, is all of the networking and development groups that came with the acquisition. Petach is active in the firm's Women's Leadership Forum and OUT Network.

A married mother of two school-age children, Petach advises mentees to be flexible in their approach to balancing work and home obligations, and promises this can be done without hurting future advancement. "It's impossible to have a plan or strategy. You have to recognize that every single day, every year, every period of time, your priorities are going to be different based on your needs for that moment of time."

More than 600 supporters were on hand to honor the 75 executives on American Banker's lists of the top women in banking and finance. The gala dinner, held Thursday at the Waldorf Astoria in New York, was preceded by a wine tasting the previous evening at the New Museum, where honorees with their guests toasted their achievements.

The exhibit, showcasing the work of 11 photo-journalists, opens in Washington, DC, on Oct. 10 and will travel over the next three years to five other cities where PNC does business. Here is a sample.

Whether newcomers to the power scene or bank industry veterans taking on a new challenge, these women bear keeping an eye on.

Successful. Influential. Innovative. These women are driving results at their institutions, and paving the way for the female talent behind them.

From capital markets to card networks, businesses in the finance sector are benefitting from these women's efforts.
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