The Latest from Women in Banking

Dawn Fitzpatrick understands the importance of bench strength. When asked to name a significant management decision in the past year, she cited hiring her successor after being promoted.

Fiona Bassett moved to New York with a mandate of making Deutsche Bank one of the top exchange-traded fund issuers in the United States. Since her arrival in 2014, she's done just that.

In 2012, BNP Paribas was the largest global custodian without a presence in North America and it wanted to change that. It found its leader in Claudine Gallagher, then the global head of depositary receipts at J.P. Morgan. Four years later, le succés.

Karen Peetz has myriad responsibilities as president of the world's largest custody bank, not the least of which is managing relationships with Bank of New York Mellon's 500 largest clients.

During American Banker's Most Powerful Women in Banking gala last year, Marianne Lake laid out the "30-5-1" challenge: each week, spend 30 minutes having coffee with a talented junior woman, five minutes congratulating a woman on a recent success and one minute talking up that woman to another senior peer.

"To help teach, mentor and sponsor women to realize their full potential and contribute to our business and society inspires me, and keeps me motivated for both my colleagues and for my two daughters," said HSBC's Katia Bouazza.

"One of the most important responsibilities of a leader [is] motivating people and developing the future leaders of the organization," Citi's Julie Monaco said. "When you take the time to communicate these messages to your team you are creating a culture that is distinguished by a commitment to excellence."

Courage is key for Wells Fargo's Diane Schumaker-Krieg. Her 37 years in financial services is practically a road map on how to embody it.

Noticing that clients were placing more emphasis on planning for specific goals than on simple returns and performance benchmarks, JPM's Kelly Coffey oversaw the development of a new wealth management platform to help project wealth, monitor and adjust their portfolios, and deploy surplus assets.

Attacking a problem — whether it's structuring an acquisition or merger for a Citigroup client or mastering the crescendo of a complicated piece — is about approaching it with creativity for Elinor Hoover.