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Market Intelligence:
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  • Women in Banking
    The Most Powerful Women in Finance

    The country's biggest financial companies are well represented in the ranking. Citigroup leads the way, followed by JPMorgan Chase and Bank of America.

    October 6
    The Most Powerful Women in Finance 2020
  • Women in Banking
    Most Powerful Women in Finance: No. 25, Northern Trust's Glenda Pedroso

    In 2020, a year marked by deep economic crisis, Pedroso led her team to execute $16.9 billion of lending overall, up 9% from the previous year.

    By Rebecca Stropoli
    October 6
    mpwif21-glenda-pedroso-cardshowcrop
  • Women in Banking
    J.P. Morgan's Mary Callahan Erdoes: The Most Powerful Woman in Finance

    Erdoes has seen huge gains in diversity throughout her 25-year tenure. Now, she says it's time for the industry to help shape the same sort of change in the broader world.

    By Rob Garver
    October 6
    mpwif21-mary-erdoes
  • Women in Banking
    Most Powerful Women in Finance: No. 2, BNY Mellon's Emily Portney

    Portney’s recent track record has allowed her to be more confident in her role chief executor of BNY Mellon’s global financial strategy.

    laurent-william.jpg
    By William Laurent
    October 6
    mpwif21-emily-portney-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 3, State Street's Nadine Chakar

    While crypto and decentralized finance will likely not replace the traditional systems of banking and finance, the industry needs to get ahead of the curve, Chakar said.

    laurent-william.jpg
    By William Laurent
    October 6
    mpwif21-nadine-chakar-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 4, PNC Capital Markets' Charlotte McLaughlin

    McLaughlin pledged to improve diversity within the capital markets division she runs and across PNC Financial Services Group more widely.

    1639669758144.jpg
    By Donna M. Mitchell
    Editor
    October 6
    mpwif21-charlotte-mclaughlin-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 5, Bank of America's Candace Browning

    Last year, Browning’s team constructed disruptive research that brings new metrics to the evaluation of economies, markets, strategies and asset classes.

    laurent-william.jpg
    By William Laurent
    October 6
    Candace Browning, Bank of America
  • Women in Banking
    Most Powerful Women in Finance: No. 6, BofA Securities' Elif Bilgi Zapparoli

    Zapparoli oversaw many of the highest-profile deals to hit the market last year, including multiple tech IPOs.

    By Rob Garver
    October 6
    mpwif21-elif-zapparoli-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 7, Citigroup's Julie Monaco

    In the wake of the coronavirus pandemic, Monaco realized that hundreds of her team's public sector clients around the globe would have to radically alter their operations.

    By Rob Garver
    October 6
    mpwif21-julie-monaco-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 8, UBS Asset Management's Suni Harford

    Harford was quick to decide that UBS would embrace the flexible work arrangements made necessary by the pandemic as the dawn of a new era in how financial institutions do business.

    By Rob Garver
    October 6
    mpwif21-suni-harford
  • Women in Banking
    Most Powerful Women in Finance: No. 9, State Street's Donna Milrod

    Last year, the company tapped Milrod to combine all of its sales and relationship management into one group. The initiative led to a 25% increase in new business wins.

    laurent-william.jpg
    By William Laurent
    October 6
    mpwif21-donna-milrod-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 10, Discover Financial Services' Diane Offereins

    Although 2020 was a tough year for the credit card industry, the payment services initiatives Offereins led produced a 29% increase in Pulse’s e-commerce transactions over 2019.

    By Kate Fitzgerald
    Senior Editor, Payments
    October 6
    mpwif21-diane-offereins-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 11, JPMorgan Chase's Teresa Heitsenrether

    Heitsenrether recognized that JPMorgan Chase had the ability to take client data and turn it into actionable business intelligence for the bank’s clients.

    By Rob Garver
    October 6
    mpwif21-theresa-heitsenrether
  • Women in Banking
    Most Powerful Women in Finance: No. 12, New York Life's Yie-Hsin Hung

    Since Hung joined the firm in 2010, NYLIM has nearly quadrupled its assets under management through a combination of geographic expansion, organic initiatives and acquisitions.

    laurent-william.jpg
    By William Laurent
    October 6
    mpwif21-yie-hsin-hung-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 13, Bank of America's Katy Knox

    Under Knox's leadership, the private bank had a banner year in 2020, riding high on the market's rise. Her unit had revenue of $3.3 billion.

    Chana-Schoenberger-headshot-crop.png
    By Chana Schoenberger
    Editor-in-Chief
    October 6
    mpwif21-katy-knox-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 14, U.S. Bancorp's Gunjan Kedia

    Noticing that anxiety was high and moral was eroding for her team in the wake of the coronavirus pandemic, Kedia decided to focus on projects that would be impactful, including deploying new digital tools and launching new products.

    laurent-william.jpg
    By William Laurent
    October 6
    mpwif21-gunjan-kedia-cardshowcrop
  • Women in Banking
    Most Powerful Women in Finance: No. 15, Russell Investments' Michelle Seitz

    Under Setiz's leadership, Russell scored an A /A+ rating from the United Nations-supported Principles for Responsible Investment in 2020.

    By Dina Hampton
    Journalist
    October 6
    mpwif21-michelle-seitz
  • Women in Banking
    Most Powerful Women in Finance: No. 16, Wells Fargo's Kara McShane

    A year after McShane took over, the bank’s CRE operations posted a 5% increase in profits, despite the challenges of the pandemic.

    By Rob Garver
    October 6
    mpwif21-kara-mcshane
  • Women in Banking
    Most Powerful Women in Finance: No. 17, AllianceBernstein's Kate Burke

    In the midst of the COVID-19 pandemic, Burke has taken on massive projects such as the company's headquarters transition from New York to Nashville, Tennessee.

    By Rebecca Stropoli
    October 6
    mpwif21-kate-burke
  • Women in Banking
    Most Powerful Women in Finance: No. 18, Credit Suisse's Radhika Venkatraman

    With Venkatraman’s guidance, Credit Suisse’s investment bank has also joined the financial industry’s move toward cloud computing.

    Penny Crosman Cropped
    By Penny Crosman
    Executive Editor, Technology at Arizent
    October 6
    mpwif21-radhika-venkatraman-cardshowcrop
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23RD ANNUAL THE MOST POWERFUL WOMEN IN BANKING

Meet The Most Powerful Women in Banking 2025, our annual ranking of the executives at the pinnacle of the industry.

ABM1025_Cover.jpg

Download the American Banker app

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© 2026 Arizent. All rights reserved.
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© 2026 Arizent. All rights reserved.