The Latest from Women in Banking

Erdoes, CEO of asset and wealth management, leads more than 30,000 employees with 15 direct reports and helps manage the bank's $5.4 trillion in client assets.

By the end of 2023, Fidelity served 43.2 million workplace participant accounts, 38.7 million retail accounts and 8.7 million wealth management firm accounts using its clearing and custody platform.

Duckett, president and CEO at TIAA, regularly calls attention to the fact that more than 40% of Americans don't have enough savings to retire, and the percentage is even worse for women and minority groups.

In January, Johnson launched the Franklin Bitcoin ETF, which seeks to reflect the performance of the price of bitcoin.

With the November acquisition of Adenza, a risk management and regulatory reporting software provider, Nasdaq continued the fintech expansion that Friedman has championed since she took the CEO job in 2017.

Hung joined State Street Global Advisors in December 2022, following a 12 year stint at New York Life Investments, including 7 1/2 years as its CEO.

Merrill Wealth Management added a record 37,500 net new clients in 2023, up nearly 50% from 2022, and added $38 billion AUM from clients in 2023, nearly five times its AUM increase in 2022.

Portney leads the bank's largest business unit, asset servicing. The group's assets under custody and administration neared $50 trillion in the second quarter, setting a record for BNY and the financial industry.

In her daily duties at BNY, Smits, who is originally from the Netherlands and now based in Britain, leads the bank's seven investment firms which have a combined $2 trillion in assets.

Milrod has led the bank's foray into digital finance and its efforts to become more product-driven.