The Most Powerful Women in Banking
Honorees gathered at Tiffany's Landmark building in New York City, where American Banker interviewed them about the industry's trajectory and leadership lessons they've learned in their careers.
Over the past year, Jane Fraser, Citi's first female CEO in the firm's history, completed a strategy refresh at the world's most global bank. Despite an implausibly volatile geopolitical environment, she steered Citi to robust first quarter 2022 earnings—returning $4 billion to shareholders, while commanding 200,000 employees globally, and serving millions of consumers and businesses across 95 countries.
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Four years after AllianceBernstein announced it was relocating its headquarters from New York City to Nashville, the move was completed in May. Kate Burke, then the chief operating officer and head of private wealth, oversaw the move, relocating over 1,000 employees to the Music City.
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Kara McShane took over as head of the commercial real estate team at Wells Fargo at an inauspicious time: February 2020, when COVID-19 was heading toward pandemic status and offices were starting to empty out.
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Michelle Seitz has a long history of advocating for responsible investing and diversity and inclusion. Before joining Russell Investments in Seattle as CEO in 2017, Seitz spent 22 years in senior roles at Chicago-based William Blair, where she pushed for diversity and support for women in finance.
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One of the basic assumptions of the wealth management industry is that investing professionals should be based in the same cities as their clients. Gunjan Kedia asked her team at U.S. Bancorp to challenge that belief.
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Penny Pennington had worked for Edward Jones for some 17 years when she was named the managing partner in 2019.
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The latest news and perspective on women in the industry | The Most Powerful Women in Banking program convenes and empowers the community of female executives in financial services.






