2024 Most Powerful Women in Finance

While many banks and financial service companies play out on the global stage, the industry itself can be smaller than it seems. Many of the honorees on this year's list worked at the same companies during their careers. Here is a look at those connections.

The president of U.S. Bancorp reflected on the progress women have made, and the work left to do, at American Banker's Most Powerful Women in Banking gala.

Female chief executives are a rare thing in the banking industry, but the women honored in this year's suite of awards are hoping to change that trend.

Industry leaders in this year's ranking shared insight on how they would advise their younger selves on building a path to the top and the skills today's rising professionals need.

Erdoes, CEO of asset and wealth management, leads more than 30,000 employees with 15 direct reports and helps manage the bank's $5.4 trillion in client assets.

Duckett, president and CEO at TIAA, regularly calls attention to the fact that more than 40% of Americans don't have enough savings to retire, and the percentage is even worse for women and minority groups.

By the end of 2023, Fidelity served 43.2 million workplace participant accounts, 38.7 million retail accounts and 8.7 million wealth management firm accounts using its clearing and custody platform.

With the November acquisition of Adenza, a risk management and regulatory reporting software provider, Nasdaq continued the fintech expansion that Friedman has championed since she took the CEO job in 2017.

Hung joined State Street Global Advisors in December 2022, following a 12 year stint at New York Life Investments, including 7 1/2 years as its CEO.

Merrill Wealth Management added a record 37,500 net new clients in 2023, up nearly 50% from 2022, and added $38 billion AUM from clients in 2023, nearly five times its AUM increase in 2022.