When we think of Financial Services, does the image of a middle-aged, white male in a pin-striped suit come to mind? How about a Senior Executive by day and a mountain climbing mom while on vacation instead? The image and reality of leadership in Financial Services has fundamentally changed. The days of women in financial services being relegated to the lowest job ranks are long gone.
In fact, seven senior women at Wells Fargo are among the most powerful according to editors of American Banker magazine. These ladies are trailblazers who are credited with driving change to an entire industry. For the third consecutive year, Wells Fargo was named one of the Top Banking Teams, recognized for its strong performance and for the best practices that have been developed by female talent and adopted by the company.
The “25 Most Powerful Women in Banking” for 2012 include Pat Callahan, chief administrative officer and Carrie Tolstedt, head of Community Banking. Two of the “25 Most Powerful Women in Finance” are Julie Caperton, head of Asset-backed Finance and Securitization and Diane Schumaker-Krieg, global head of Research and Economics for Wells Fargo Securities. On the “25 Women to Watch” list are Caryl Athanasiu, chief operational risk officer, Avid Modjtabai, head of Consumer Lending, Diana Starcher, head of Wells Fargo Customer Connection.
To determine rankings, American Banker editors examined the financial performance of each organization and woman-led division as well as each nominee’s job responsibility, management style, crisis management skills, influence within the industry, and charitable endeavors.
When I think of the capacity of leaders to help in change management, in cultural shifts, in transitioning from one paradigm to another–I feel women are best suited to help move organizations through those points of transition. These ladies are symbols of positive change for the future of our industry; and amazing role models for the next generation of women to follow.