The Latest from Women in Banking

For ex-bankers like Ruth Porat, who is leaving Morgan Stanley for Google, free-flowing cash and a sunnier climate are only part of Silicon Valley’s allure, industry observers note. The tech sector is also mercifully light on regulation.

Women bankers who want a family and a fulfilling career should focus on building a strong support system outside of work, or else opportunities will pass them by, according to panel of senior women executives at HSBC.

If financial firms are serious about incorporating gender and ethnic diversity into their leadership teams, they need to encourage women to apply for promotions and implement more flexible work schedules.

Commonfund, an investment management firm in Wilton, Conn., has hired Catherine Keating as its chief executive.

Lateral moves can be a way for women in banking to expand their knowledge base and make themselves more appealing candidates for upper management positions, according to the head of TD Bank's consumer bank Nandita Bakhshi.

Millennial women are making great strides in the workforce, but still "channel their inner ninth grade insecure freshman when it comes to financial matters," according to Fidelity's head of personal investing.

Transparency about the diversity of companies’ workforces can promote the hiring and advancement of women, while role models like Janet Yellen help pave the way for more female leaders.

The $5.8 billion-asset company said in a press release Wednesday that Shelley Seifert would fill the newly created role.

Carver Bancorp in New York has named a new chief lending officer and president of its community development unit.

If we hope to achieve pay equality and see more women in leadership positions, women need to ask for what they believe they deserve, and companies must change ingrained attitudes toward those who do so.