The Most Powerful Women in Banking

When HSBC announced 16 appointments amid changes to top management in April, Bouazza, who previously co-led the bank's Latin American business, was the lone woman selected.

Hung is championing a new initiative at New York Life to help financial advisers better engage with female clients.

Tepid loan demand, falling interest rates and heightened competition from nonbank lenders are just some of the headwinds facing commercial lenders these days, but Ardalan believes MUFG can expand its credit appetite without compromising safety and soundness.

First Republic Bank has been understandably mum about who might replace founder and Chief Executive James Herbert when he retires in two years, but Hafize Gaye Erkan, its 39-year-old president, is considered a leading candidate.

The Pennsylvania community bank has seen rapid growth in recent years, thanks in large part to its success in attracting women clients.