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.
Lynn Heitman remembers the days when direct mail response rates were 20 percent. Now 2 percent is considered high. "It was a very different time," she says. "It was much easier to succeed."
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Kay Hoveland never intended to become a banker. But in 1973 she applied for a loan at a credit union to buy flooring and appliances for the home she was building with her family.
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It's been tough being a banker over the past year, when "bank" has often been considered "a four-letter word," says LeeAnne Linderman of Zions First National Bank. "This has been the most challenging ... "
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Few women in banking draw as much attention as Sallie Krawcheck. A mainstay on lists of powerful women, Krawcheck joined Bank of America in August to take over its brokerage and wealth management operations.
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In November of last year, Morgan Stanley appointed Cece Sutton president of the new retail banking group. Bank deposits grew to $46.8B by the end of the first quarter of 2009.
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Among her peers, Citigroup's Jane Fraser may stand out just for the sheer number of air miles she logged last year while leading the troubled company's re-engineering effort.
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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.