American Banker Honors The Most Powerful Women in Banking and Finance for 2015

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KeyCorp’s Beth Mooney, JPMorgan's Marianne Lake, and BNY Mellon's Karen Peetz Take Top Places in Banking Industry Ranking

Diversity and inclusion are business accelerators that better connect us to the clients and communities we serve

American Banker has announced the honorees for the 2015 Most Powerful Women in Banking, Most Powerful Women in Finance, and Women to Watch. The complete rankings can be viewed at American Banker’s website, and are featured in the October issue of American Banker Magazine. The honorees will be celebrated at a dinner and awards ceremony on October 8, at the Waldorf Astoria in New York City, hosted by American Banker and parent company SourceMedia.

Topping the Most Powerful Women in Banking for the third consecutive year is Beth Mooney, KeyCorp chairman and chief executive officer. Mooney made history in 2011 as the first female chairman and CEO of a top-20 American-based bank, and since then has had an exemplary record of advancing the careers of women — who now comprise more than one-third of Key’s senior management and director ranks.

“This award is an honor that I proudly share with Amy Brady, Amy Carlson and all KeyBank employees. KeyBank has an award-winning culture of diversity and inclusion where all employees are encouraged to bring their authentic selves to work,“ said Mooney. “Diversity and inclusion are business accelerators that better connect us to the clients and communities we serve. On behalf of KeyBank, I’d like to thank American Banker for this recognition.”

Marianne Lake, chief financial officer of JPMorgan Chase, garnered the second spot in the ranking. Lake, the company’s highest-ranking woman, has effectively ascended to communicator-in-chief, whether on quarterly conference calls, at analyst conferences, or most notably at the company’s annual Investor Day, where this year she delivered JPMorgan Chase’s case against calls for breaking up the $2.45 trillion asset company.

No. 3 is Karen Peetz, president of BNY Mellon. Overseeing client management, treasury services, human resources, growth initiatives and innovation, Peetz is the executive with primary responsibility for dealing with BNY Mellon’s most complex regulatory issues. Among her many other activities, Peetz participates in a reverse-mentoring program that is a project of the Women’s Initiative Network, a group that she founded eight years ago.

“All of the women in our rankings are leaders at their companies and exceptional at their jobs,” said American Banker Magazine Executive Editor Bonnie McGeer and the chair of American Banker’s Women in Banking Editorial Committee. “These honorees have a positive impact across and beyond the financial-services industry. Our hope is that by calling attention to such outstanding women, we can help amplify efforts by the industry to diversify its senior ranks.”

Honorees in the Most Powerful Women in Banking are selected based on an assessment of their leadership and influence internally and externally. That assessment includes an evaluation of the degree to which the businesses they oversee contribute to their companies’ bottom lines. Participation in activities that help other women advance in their careers or benefit the community at large also factor heavily in the selection process.

Mary Callahan Erdoes, CEO of JPMorgan Asset Management, was named American Banker’s Most Powerful Women in Finance with Abigail Johnson of Fidelity Investments and Barbara Byrne of Barclays rounding out the top 3. It is Erdoes’ third time atop the ranking, which honors executives in wealth management, investment banking, and other sectors outside of traditional retail and commercial banking. Erdoes oversees the management of $2.4 trillion in client assets and led a team of 20,000 employees to produce $12 billion in revenue in 2014, up from $11.4 billion the previous year. She has introduced several initiatives including a 12-week re-entry program for women who have taken a break from careers in the wealth management field and a bank-wide Women on the Move Program to ensure that other women at JPMorgan Chase have the opportunity to realize their potential.

The 2015 Women to Watch list includes both emerging female banking talent and industry veterans who have assumed new roles within the past year. Leading the top 25 for the second year is Jane Fraser, who last year had a new role as CEO of CitiMortgage’s consumer and commercial banking operations and, in June 2015, became CEO of Citigroup Latin America.

Other executives who will be honored at the awards ceremony include Pat Callahan, who this year retired as chief administrative officer of Wells Fargo and who will receive the Lifetime Achievement Award. Lori Chillingworth, executive vice president of the small business division at Zions First National Bank, will receive the 2015 Community Impact Award.

American Banker also honors institutions at which female leadership teams have had a significant impact on company performance, and where there is a high level of commitment to the development and promotion of female talent. Banks honored for having the Top Teams this year are Bank of America, U.S. Bancorp, BMO Harris Bank, Zions First National Bank, and Citizens Bank of Edmond (Okla.).

About 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 annual program, now in its 13th year, 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. Rankings and details about the awards dinner are available at americanbanker.com/women-in-banking.

About American Banker and American Banker Magazine
American Banker is the essential resource for senior executives in banking and financial services, keeping its users updated on vital developments and focusing sharply on their most important concerns. American Banker Magazine is the monthly publication of American Banker, which also provides research and data and hosts an annual roster of professional events and conferences.

About SourceMedia
SourceMedia, an Observer Capital company, is a diversified business-to-business digital media company serving senior professionals in the financial, technological, and healthcare sectors. Brands include American Banker, The Bond Buyer, Mergers & Acquisitions, Financial Planning, On Wall Street, Accounting Today, Health Data Management, and Employee Benefit News.

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Christine Zahn
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