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.
Women hold only 12.6 percent of executive positions at the top 50 U.S. commercial banks, according to a recent survey by Financial Women International Foundation. But U.S. Banker's third-annual ranking zeroes in on the industry's 25 top performers, each of whome has amazzed power and influence. Who has the most clout? Bank of America's Amy Brinkley.
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Many executives take pride in quickly making judgment calls. But what Paula Rosput Reynolds learned in an arduous year as vice chairman and chief restructuring officer at the embattled AIG was the value of a carefully formed opinion.
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Suzanne Shank can make competing with the big guys on Wall Street sound ho-hum. "You can have a lot of bodies, but if you have a good group of people with good connections you can do a pretty good job."
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Mellody Hobson, the president of Ariel Investments in Chicago, is a ubiquitous presence in the media, educating the public about the importance of responsible investing.
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These highly profitable banks all have one thing in common: women in key roles.
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With nearly a quarter of U.S. Bancorp's revenues derived from the corporate and institutional payments group led by vice chair Pamela Joseph, the retail business of the Minneapolis banking company can sometimes get overlooked. Not this year.
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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.