NEW YORK, NY--(Marketwire - Oct 1, 2012) - American Banker has announced its 2012 lists of the Most Powerful Women in Banking and Finance. The tenth annual ranking will be published online at AmericanBanker.com/women-in-banking and will be featured in the October issue of American Banker Magazine.
At No. 1 on this year's list of the 25 Most Powerful Women in Banking is Irene Dorner, who has been reshaping the U.S. operations of HSBC. At No. 2 is Beth Mooney of KeyCorp, the only female chairman and CEO of a top 20, U.S.-based banking company; and Karen Peetz, who as vice chairman at BNY Mellon oversees businesses responsible for nearly two-thirds of the firm's pretax income in 2011. To view the entire list, as well as the 25 Most Powerful Women in Finance and 25 Women to Watch, please visit AmericanBanker.com/women-in-banking.
The honorees will be celebrated at an October 16th dinner and awards ceremony at the Waldorf Astoria in New York City hosted by American Banker and SourceMedia, featuring keynote speaker Mika Brzezinski, co-host of MSNBC's "Morning Joe" and the author of "Knowing Your Value: Women, Money and Getting What You're Worth."
The evening also will honor Julie Williams, who recently stepped down from the Office of the Comptroller of the Currency, and Lynn Carter, the retired president of Capital One Bank, both of whom will receive Lifetime Achievement Awards.
The theme of this year's Most Powerful Women in Banking feature package -- in recognition of the program's 10th anniversary -- is "Impact." The lead story takes a look at "How Women are Changing Everything," drilling down into the influence they have had on The Future of Leadership, The Future of Work, and The Future of Customer Relationships. American Banker Magazine's cover gatefold features 11 women from across banking and finance who are poised to have a meaningful impact on their organizations, markets or the industry over the next ten years. The photos can also be viewed online.
"Women are known generally for being collaborators with a cautious approach to risk -- characteristics one would expect to be in high demand within financial services over the next decade -- but unless the pipeline of female talent is kept full all the way through, it will be hard for more women to break into senior management roles," said Heather Landy, editor in chief of American Banker Magazine. "Our article on The Future of Work envisions the ideal workplace for women, and for anyone who could benefit from policies allowing them to better balance their responsibilities at work and at home. Female leaders in financial services already are talking about ways in which they can ease the path for others. Women also are driving major demographic shifts in society with potentially profound implications for banks."
"I'm deeply honored, and thank American Banker for its steadfast commitment to the principle that merit should determine individual success in banking and finance," said Irene Dorner, president and CEO, HSBC USA, who will give a keynote address at the October 16th dinner and awards ceremony. "We have made much progress, but there is much more to do to encourage all employees to bring to bear their whole life experience in pursuit of professional potential. Those who have made it to the top must champion talented employees to continue the development of a diverse, experienced pipeline of leadership for our industry."
Also in this year's Women in Banking package:
- A hard-hitting op-ed by Heidi Miller, formerly of JPMorgan Chase, on "Women, Banking and the Meritocracy Myth," which examines why the largest U.S. banks have so few women in senior leadership roles despite the attention paid to diversity efforts and networking and mentoring programs.
- A profile of longtime honoree and industry legend-in-the-making Peyton Patterson, who has returned to banking, and to the list of the 25 Women to Watch, as CEO of BNC Financial Group, a community bank in Connecticut.
- An article showing how women are not just influential in the United States, but worldwide, as a women's leadership development group at U.S. Bancorp has worked to promote girls' education in Africa.
The 25 Most Powerful Women in Banking
The first list of the 25 Most Powerful Women in Banking appeared in 2003 in American Banker Magazine's predecessor publication, U.S. Banker. American Banker is proud to continue the tradition of celebrating high-achieving women in this male-dominated industry.
The 25 Most Powerful Women in Finance
For the sixth year, American Banker recognizes the 25 Most Powerful Women in Finance, honoring top performers in non-bank finance businesses including asset management, investment banking, capital markets and card networks. Topping this year's list is Ann Marie Petach, Chief Financial Officer of BlackRock. Following her is last year's No. 1, Abigail Johnson, President of Fidelity Investments Personal and Workplace Investing. Rounding out the top three is Ruth Porat, the Chief Financial Officer of Morgan Stanley.
25 Women to Watch
American Banker identifies 25 Women to Watch, a list that includes rising stars as well as more established executives who have taken on new roles since last June. This dynamic list is led this year by Avid Modjtabai, Senior Executive Vice President and Head of Consumer Lending at Wells Fargo; Sallie Krawcheck, a banking veteran who has emerged as an influential commentator on issues in financial services; and Anne Clarke Wolff, co-Head of Global Corporate Banking at Bank of America.
Top Banking Teams
American Banker recognizes the Top Banking Teams, honoring BMO Financial, First Bethany Bank & Trust, RBS Citizens Financial Group, U.S. Bancorp, Wells Fargo, and Zions First National Bank. Each of these banks has been recognized for how it has uniquely promoted teamwork and furthered the development of female talent along with financial performance.
About the Ranking
The Most Powerful Women in Banking and Finance recognizes the professional achievements, personal tenacity and overall influence of the industry's top-performing female executives. The program encompasses four lists: the 25 Most Powerful Women in Banking, the 25 Most Powerful Women in Finance, the 25 Women to Watch, and the Top Banking Teams. The rankings and details about the awards dinner are available in their entirety at AmericanBanker.com/women-in-banking.
About American Banker and American Banker Magazine
American Banker (AmericanBanker.com) is the banking industry's most powerful resource for news, analysis, opinion and perspective about financial institutions, regulation, risk management, bank technology and market trends.
American Banker Magazine is a monthly publication geared specifically toward bank executives and banking practitioners, reporting on the people, trends and data that are redefining the financial services landscape. Every issue includes briefings on developments from around the industry, data analysis pieces and a collection of feature stories on a wide array of topics affecting the industry.
SourceMedia, an Investcorp company, is a business to business media company serving the financial industry and the related fields of professional services and technology. SourceMedia offers clients and subscribers professional information services -- both print and digital -- industry-standard data applications, in-depth seminars and conferences, and specialized marketing services.