2025 Most Powerful Women in Finance

Once seen as a sleepy corner of the financial services industry, asset servicing has become increasingly important for banks as artificial intelligence, blockchains and a generational transfer of wealth alter the landscape.

Here are the 10 stories our readers paid the most attention to in a year of political, economic and technological change.

The 23rd annual dinner honored bankers and finance leaders at the top of the industry.

Aiyengar discusses the dynamics of today's market and the challenges and opportunities of her role.

Solita Marcelli of UBS discusses wealth management's future, leadership, and why risk management is the heart of the industry.

Oden, the U.S. Head of International Wealth and Private Banking at HSBC, details what her clients are asking about today.

Our annual list of the 25 top leaders in finance include three newcomers this year.

Duckett, who's on a mission to help Americans save for retirement, said that "guaranteed income isn't a luxury, it's a necessity."

A longtime focus on alternative investments positioned this asset-management heir to benefit from the recent surge of consumer interest in crypto and a relaxed regulatory regime.

With a shift toward financial-planning advice and banking, the brokerage-house leader hopes to grow her firm faster.

Marrs runs Amex's second largest business by revenue and card member spending.

Despite being in the industry for 25 years, Marcelli still wakes up in the middle of the night to jot down ideas.

Milrod, a champion of innovation, has strengthened State Street's position in the digital assets space, including securing three of the 11 Bitcoin and Ethereum ETFs launched this year.

Fogarty, who was promoted to chief operating officer of investment services in July, leads the firm's largest business unit.

The imperative is to keep one eye on the business, and the other eye on talent. The former is fed by the latter.

Under Johnson's leadership, Franklin Templeton launched a private equity fund along with two real estate funds in 2024.

Yeshaya, a daughter of immigrants, said she sees the challenges she's faced as opportunities for growth.

Given the volatility in the market, Shue is spending more time on the road speaking to clients.

Key to Graper's performance is her ability to "anticipate windows of opportunity" and then give clients the confidence boost they need to act.

Under El-Hillow's direction, Russell is exploring approaches that can generate more consistent value from active strategies.