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Breaking banking’s glass ceiling
Citigroup made history by appointing Jane Fraser as its next chief executive, making her the first woman to lead a major Wall Street bank when she takes over early next year. That makes us wonder: Who’s next? Here are some of the top contenders to break the glass ceiling in banking:
Executives who might take over their current companies:
Marianne Lake: A two-decade veteran of JPMorgan Chase, she now heads the firm’s enormous consumer-lending business. She was previously C.F.O., and after an executive shake-up last year has been considered a top contender to succeed Jamie Dimon.
Jennifer Piepszak: She succeeded Ms. Lake as JPMorgan’s C.F.O. last year as part of the executive reshuffle. Previously, the 25-year veteran of the firm ran Chase’s credit-card business. Like Ms. Lake, she is seen as a leading candidate to take over from Mr. Dimon — though her boss hasn’t indicated that he will step down anytime soon.
Cathy Bessant: She is currently Bank of America’s chief operating and technology officer, and a repeat winner of American Banker’s Most Powerful Woman in Banking award. Ms. Bessant is seen as a top candidate to succeed her boss, Brian Moynihan.
Rising stars on the cusp of C.E.O. contention:
Thasunda Duckett: She leads Chase’s consumer banking and has become one of the company’s most prominent faces — she was appointed to Nike’s board last year — and is one of Wall Street’s top Black executives.
Susan Huang: A co-head of Morgan Stanley’s investment banking business since 2018, Ms. Huang was one of the first women to run a big Wall Street investment banking division. She previously led the company’s U.S. mergers team.
Dina Powell McCormick: One of the Goldman Sachs’s most visible executives, she has also served in the George W. Bush and Trump White Houses. She’s currently responsible for winning business from sovereign clients.
Source: nytimes.com
