American Banker Honors The Most Powerful Women in Banking and Finance of 2013

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KeyCorp’s Beth Mooney, HSBC’s Irene Dorner, Wells Fargo’s Carrie Tolstedt Top Exclusive Ranking

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The American Banker list is a testament that success in business is possible when we foster and celebrate diverse ideas and individuals.

American Banker has announced its 2013 Most Powerful Women in Banking and Finance, awarding top honors in banking to KeyCorp Chairman and Chief Executive Officer Beth Mooney.

Mooney made history in 2011 as the first female to become Chairman and CEO of a top 20, U.S.-based bank, and has since made bold moves to grow Key’s revenue and enhance productivity and innovation.

"I thank American Banker for this tremendous honor and congratulate all the women on this year's lists. I share this award with all of my colleagues at Key. Diversity and inclusion have been an important part of how Key does business for many years and it helped drive our company's achievements. The American Banker list is a testament that success in business is possible when we foster and celebrate diverse ideas and individuals."

Irene Dorner, group managing director of HSBC Holdings and the president and chief executive officer of HSBC USA, placed second on this year’s ranking. Dorner, who topped the 2012 list, has won high praise for her efforts to tackle risk management issues. Wells Fargo’s Carrie Tolstedt, who topped the list in 2010, rounded out the top three for 2013. Tolstedt is senior executive vice president of community banking, in which role she oversees 105,000 employees, a network of 6,200 branches and 12,000 ATMs, and Wells’ online, mobile and telephone banking services.

American Banker also recognized Mary Callahan Erdoes, the CEO of JPMorgan Asset Management, and Karen Peetz, who was promoted this year to president of BNY Mellon, with top spots in the 25 Most Powerful Women in Finance and 25 Women to Watch rankings, respectively. The Women in Finance ranking recognizes executives in wealth management, investment banking, private equity and other sectors outside traditional retail and commercial banking. The 25 Women to Watch includes both emerging female talent in banking and industry veterans who have taken on new roles within the past year.

American Banker also each year assembles a list of institutions where female leadership teams are having a significant impact on performance, and where there is a high level of commitment to the development and promotion of female talent. The Top Teams in Banking this year are Wells Fargo, BMO Financial Corp., Huntington Bank and Zions Bank.

The complete annual rankings, now in their 11th year, are available online at and will be featured in the October issue of American Banker Magazine.

All of this year’s honorees will be celebrated at an Oct. 10 dinner and awards ceremony at the Waldorf Astoria in New York City, hosted by American Banker and parent company SourceMedia. The ceremony will include special recognition for two additional executives:

  •     Ellen Alemany, who recently announced her retirement as head of RBS Americas and chairman and CEO of RBS Citizens Financial Group, will be honored with a Lifetime Achievement Award.
  •     Bertha Garza, first vice president of marketing at IBC Bank – Brownsville, will be honored with a Community Impact Award for her local contributions as a champion of financial education and empowerment. Garza is the first recipient of this new, annual award.

In this year’s coverage of the Most Powerful Women in Banking, American Banker Magazine will examine how senior women in the industry have earned their leadership roles and are opening the door for the next generation of female talent. The theme of the coverage is "Pathways to Power.”

“The women we’ve selected for our ranking have shown ingenuity not just in tackling everyday challenges that come with the leadership roles they hold, but also in the ways they have approached the mounting frustration with what is still a scarcity of women in top leadership spots in the banking and financial services industry,” said Heather Landy, editor in chief of American Banker Magazine. “The lessons conveyed by some of our top-ranked women offer insight into how the industry can provide more opportunities for talented women to ascend to the C-suite.”

The Most Powerful Women in Banking and Finance
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 The first list of the 25 Most Powerful Women in Banking appeared in 2003. American Banker is proud to continue the tradition of celebrating high-achieving women in the industry.

About American Banker and American Banker Magazine
American Banker ( is the banking industry’s most powerful digital and daily print 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.

About SourceMedia
SourceMedia, an Investcorp company, is a business to business media and marketing solutions company serving the financial industry and the related fields of professional services and technology. SourceMedia offers its clients and subscribers professional information services, industry-standard research, data applications, in-depth seminars and conferences, and specialized marketing services.

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Christine Zahn
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