25 Most Powerful Women in Banking for 2011 (16-20)

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16. Colleen Johnston
CFO, TD Bank Financial Group

• Was instrumental in recent acquisitions including The South Financial Group and Chrysler Financial
• Led a transformation of the finance group, integrating the U.S. and Canadian financial operations to create scalability
• Oversaw broad efforts across the enterprise to manage expense growth

"Work for an organization you believe in and whose values align with your own."

17. Catherine Bessant
Global Technology and Operations Executive, Bank of America

• Oversees the technology serving 58 million consumer and corporate customers in 40 countries
• Chairs company's environmental council and heads a 10-year, $20 billion initiative to address global climate change
• Engages frequently with regulators at home and abroad on topics like risk management and governance

"A woman executive I admire once said to me that she wants to be one of those managers who are known to receive bad news well. This is not a trait that is universally demonstrated at executive levels and it is a great piece of advice."

18. Sallie Krawcheck
Former President of Global Wealth and Investment Management, Bank of America

• Oversaw one of the largest wealth management businesses in the world, with $2.2 trillion in client assets—the latest of several influential roles in financial services
• Led 11% increase in first-quarter revenue, versus 5% industry average, and added 600 client-facing employees in the second quarter, marking eight consecutive quarterly increases in headcount
• Was CEO of research firm Sanford C. Bernstein and CFO at Citigroup before joining BofA in 2009; ousted in a management restructuring in early September

"Nothing wins out in the end like hard work."

19. Alberta Cefis
EVP and Head of Global Transaction Banking, Scotiabank

• Oversees a business that operates in more than 50 countries and posted compound annual growth rates of 10% for revenue and 18% for net income from 2007 through 2010
• Serves on firm’s executive management, deposit steering and strategic alignment committees
• Received the World of Difference 100 Award from the International Alliance of Women

"My parents have been my finest teachers. They encouraged me to get an education and to ensure, as a woman, that I could be economically self-sufficient. I have done both."

20. JoAnn Bourne
Senior EVP, Global Treasury Management, UnionBanCal

• Serving as point person on a transaction banking strategy in North and South America for parent company Bank of Tokyo-Mitsubishi, as regional bank makes transition to offering more global services
• Role expanded recently to include oversight of Institutional Services, a division that handles corporate trust, custody, escrows and securities lending, adding about 400 staff members to her business unit

"In my first job at a restaurant when I was 16, the owner gave me five minutes of training: Smile. Don’t ever tell the customer it's not 'your' table. Don’t wait until we are out of straws to tell me to order straws. It was great advice. I learned to think about my job in a much larger context. I didn’t get boxed into thinking only about what I was supposed to do."

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Women in Banking