6. Pamela Joseph
Vice Chairman of Payment Services, U.S. Bancorp

• Runs Elavon, U.S. Bancorp’s merchant-card processing subsidiary, as well as the company’s Corporate Payment Systems, Retail Payment Solutions and Healthcare Payment Solutions units
• Generated 28% of total revenue and 37% of fee revenue at U.S. Bancorp in 2010
• Formed payments innovation team to address mobile and EMV card opportunities
• Created Women Leaders in Action in 2010, a service and mentor group for senior women in the payment business at U.S. Bancorp

"Approach the required regulatory changes with product innovation and development so the changes ultimately result in a whole new set of financial products and services."

7. Mary Callahan Erdoes
CEO of Asset Management, JPMorgan Chase

• Oversees firm’s investment management and private banking businesses, sits on company’s operating and executive committees
• Delivered 20% net income growth last year on record revenue of $9 billion
• Increased IT investments by 25% to pilot new trade-automation tools and mobile offerings
• On board of U.S. Fund for UNICEF

"Respond to an e-mail the first time you open it. Don’t think about calling a client or colleague—make the call. It’s all part of being relentless in managing your to-do list and calendar. If you don’t, they’ll manage you."

8. Avid Modjtabai
Senior EVP of Consumer Lending, Wells Fargo

• Led technology and operations group through Wells’ successful integration with Wachovia
• Named head of new Wells Fargo Consumer Lending division in July, reporting to CEO John Stumpf
• Fluent in Farsi and French

"The strength of teams is a result of the richness of their composition— not only from an ethnic and gender perspective but also in diverse life experiences, educational backgrounds and ways of thinking."

9. Barbara Desoer
President, Bank of America Home Loans

• Leads company’s efforts on issues of housing finance reform
• Implemented strategic shifts in the past year including an exit from reverse mortgages and wholesale origination
• Oversees a business that handles about one of every five U.S. mortgages through retail, online and correspondent channels

"What really matters in life is connection, not connectivity; relationships, not quantity of Facebook friends; investing in people and communities, not investments."

10. Melissa Moore
EVP and Head of Global Resolution and Recovery, JPMorgan Chase

• Has firm-wide responsibility for resolution and recovery planning prompted by new regulations of systemically important financial institutions
• Reports to Chief Risk Officer Barry Zubrow
• Previously served as CEO of J.P. Morgan’s Treasury Services business

"I encourage people to employ the 80/20 rule. Once you’ve mastered 80% of the role you are in, it is time to start looking for the next opportunity."

25 Most Powerful Women in Banking 1-5
25 Most Powerful Women in Banking 11-15
25 Most Powerful Women in Banking 16-20
25 Most Powerful Women in Banking 21-25

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