Barron\'s - 09.03.2020

(National Geographic (Little) Kids) #1

22 BARRON’S March9,2020


H


etty Green was


born in 1834 to a


family that made


millions from


whaling and ship-


ping. She read the


financial pages to


her grandfather, took over accounting


for the business when she was 13, and


at 14 declared that she knew “as much


about finance as any man.” By invest-


ing in government bonds, real estate,


and railroads, she later turned her


inheritance into a fortune that rivaled


those of John D. Rockefeller and An-


drew Carnegie. But it was her gender


that made her career the subject of


“endless comment, curiosity, and


astonishment,” the New York Times


wrote upon her death in 1916.


Much has changed for women


working in finance in the century-plus


since, although there is plenty of room


for improvement. Women remain un-


derrepresented in the top echelons of


U.S. finance, at an estimated 25%. But


there’s good news, too: Their clout has


never been greater, nor their contribu-


tions more in demand.


For proof of that, look no further


than the stature and achievements of


the women named toBarron’sinaugu-


ral list of the 100 Most Influential


Women in U.S. Finance: chief finan-


cial officers at major U.S. companies,


leading executives at some of the na-


tion’s largest banks and brokerages,


investment managers and securities


analysts, financial advisors and


wealth managers, and public servants


and policy makers, all of whom have


helped shape the modern financial-


services industry and are leading it


confidently into the future.


Barron’slist isn’t ranked, but in-


stead is presented alphabetically. In


this and succeeding weeks, we will


publish profiles of all 100 women on


Barrons.com.


To createBarron’s100 Most


Influential Women list, we solicited


nominations fromBarron’sreaders,


finance-industry executives, and our


in-house experts: the writers and edi-


tors atBarron’swho cover markets


every day, and make it their business


to know who’s calling the shots on


Wall Street and elsewhere in the fi-


nancial sector. Culling an initial list of


hundreds of names was no easy task,


given the creativity and accomplish-


ments of the women nominated. The


final list was assembled by a panel of


Barron’sjournalists.


Meet theBarron’s100 Most Influential Women in U.S. Finance


Anne Ackerley


Head of Retirement


Group


BlackRock


Donna Anderson


Head of Corporate


Governance, U.S.


Equities


T. Rowe Price


Heather Bellini


Technology Analyst


Goldman Sachs


Christine Benz


Director of Personal


Finance/Senior


Columnist


Morningstar


Afsaneh Mashayekhi


Beschloss


Founder, CEO


RockCreek Group


Catherine P. Bessant


Chief Operations and


Technology Officer


Bank of America


Rupal Bhansali


Chief Investment


Officer/Portfolio


Manager, International


& Global Equities


Strategies


Ariel Investments


Dalia Blass


Directorof Investment


Management


Securities and


Exchange


Commission


Erin Browne


Portfolio Manager


Pimco


Candace Browning


Head of Global


Research


Bank of America


Securities


Jane Buchan


CEO


Martlet Asset


Management


Joyce Chang


Chair of Global


Research


J.P. Morgan


Collette Chilton


Chief Investment Officer


Williams College


Office Depot...............................

Cynthia Clemson


Co-Director, Municipal


Investments


Eaton Vance


Management


Abby Joseph Cohen


Advisory Director/


SeniorInvestment


Strategist


Goldman Sachs


Stephanie Cohen


Chief Strategy Officer


Goldman Sachs


Stacey Cunningham


President


New York Stock


Exchange Group


Nancy Davis


Chief Investment


Officer/Managing


Partner


Quadratic Capital


Management


Sonal Desai


Chief Investment Officer


Franklin Templeton


Fixed Income Group


Jodi DeVito


Managing Director,


Prime Services


Credit Suisse


Securities USA


Suzanne Donohoe


Head of Client and


Partner Group


KKR


Stephanie Drescher


Senior Partner/Global


Head of Client and


Product Solutions


Apollo Global


Management


Lisa Ellis


Partner, Senior Equity


Analyst


MoffettNathanson


Mary Callahan Erdoes


CEO


J.P. Morgan Asset and


Wealth Management


Dawn Fitzpatrick


Chief Investment Officer


Soros Fund


Management


Jane Fraser


President, Citi/CEO of


Global Consumer


Banking


Citigroup


Adena Friedman


President, CEO


Nasdaq


Karina Funk


Partner/Head of


Sustainable Investing


Brown Advisory


Kristalina Georgieva


Managing Director


International


Monetary Fund


Lisa Gill


Managing Director/


Senior Analyst for


HealthcareTechnology


and Distribution


Research


J.P. Morgan


Theresia Gouw


Founding Partner


Acrew Capital


Kelly Granat


Portfolio Manager


Lone Pine Capital


Kirsten Green


Founding Partner


Forerunner Ventures


Tricia Griffith


CEO


Progressive


Suni Harford


President


UBS Asset


Management


Deborah L. Harmon


Co-Founder/CEO


Artemis Real Estate


Partners


Carla Harris


Vice Chairman/


Managing Director/


Senior Client Advisor


Morgan Stanley


Clare Hart


Managing Director/


Portfolio Manager, U.S.


Equity Group


J.P. Morgan Asset


Management


Mellody Hobson


Co-CEO


Ariel Investments


Pam Holding


Co-Head, Equity


Division


Fidelity Investments


Amy Hood


Chief Financial Officer


Microsoft


Sandra Horbach


Managing Director/Co-


Head, U.S. Buyout


Carlyle Group


Yie-Hsin Hung


CEO


New York Life


Investment


Management


Christine Hurtsellers


CEO


Voya Investment


Management


Jean Hynes


Managing Partner/


Global Industry Analyst


Wellington


Management


Jo Ann Jenkins


CEO


AARP


Abigail Johnson


CEO


FMR


“This isn’t just about women.


It’s aboutdiversity of thought,


of background, of ethnicity, of


gender....We’re at a moment where


people recognize the business imperative


of diverse thinking.” Alison Mass, Goldman Sachs


March9,2020 BARRON’S 23


The women on our list are all U.S.-


based. (Please consult our sister publi-


cation, Financial News, for the latest


list of the 100 Most Influential


Women in European Finance.) Other


criteria for inclusion were positions in


money management, investment re-


search, banking, financial regulation,


trading, brokerage, family offices, ad-


visory services, and financial policy


and advocacy. We also considered, and


included, notable CFOs of major non-


financial companies, but not CEOs or


other senior management.


The 100 women on the list were


chosen based on their accomplish-


ments and leadership within their


organization, influence within their


sector, and the capacity to shape their


business or the industry in the future.


Barron’sdecision to recognize and


honor influential women in finance


comes at a time when business institu-


tions themselves have begun to realize


that their long-term competitiveness,


and the health of the capital markets,


require remediating the industry’s gen-


der gap. In the financial world, men


have generally made more money than


women and dominated management.


Increasing the number of women


managers leads to diverse thinking


and better decision-making, how-


ever.For example, research shows that


putting women on boards of directors


helps to moderate management over-


confidence. Companies also want to


ensure they’re attractive to younger


employees, some 50% of whom are


female.


“The best investment teams are


ones that have diversity of thought,”


says Amanda Pullinger, a former in-


vestment banker who runs 100


Women in Finance, a 15,000-member


organization that supports women in


the industry through education, en-


gagement, and philanthropy.


Christine Lagarde, president of the


European Central Bank, has said that


putting more women in leading roles


in banking might have averted the


financial crisis.


“We have to have the best talent,”


Brian Moynihan, CEO of Bank of


America, toldBarron’sin a recent


interview. “We have $53 billion in


expenses and $30 billion is related to


our people. If you can’t get talent [rep-


resenting] half the population, you’re


not spending your money wisely.”


Attempts to narrow the gender gap


are far from perfect, but they are im-


proving. Women represent half of the


Jennifer Johnson


President/CEO


Franklin Resources


Karen Karniol-


Tambour


Head of Investment


Research


Bridgewater


Associates


Margaret Keane


CEO


Synchrony


Catherine Keating


CEO


BNY Mellon Wealth


Management


Stephanie Kelton


Professor of Economics


and Public Policy


Stony Brook


University


Martha King


Managing Director


Vanguard


Institutional Investor


Group


Ann Miura-Ko


Co-Founding Partner


Floodgate


Sallie Krawcheck


Co-Founder, CEO


Ellevest


Debby Kuenstner


Chief Investment Officer


Wellesley College


Marianne Lake


CEO, Consumer


Lending


JPMorgan Chase


Vivian Lau


Founder/Managing


Partner


One Tusk Investment


Partners


Nancy Lazar


Partner, Co-Founder


Cornerstone Macro


Aileen Lee


Founder/Partner


Cowboy Ventures


Linda-Eling Lee


Managing Director,


Global Head of ESG


Research


MSCI


Ros L’Esperance


Group Managing


Director, Co-Head of


Global Banking


UBS Investment


Bank


Ida Liu


Head of North


America


Citi Private Bank


Mindy Lubber


CEO/President


Ceres


Saira Malik


Head of Global


Equities


Nuveen


Alison Mass


Chairman of the


Investment Banking


Division


Goldman Sachs


Kathleen McCarthy


Global Co-Head of


Real Estate


Blackstone Group


Karen McDonald


Managing Director


Morgan Stanley


Wealth Management


Mary McNiff


CEO


Citibank, N.A.


Mary Meeker


Founder


Bond Capital


Beth Mooney


Chairman/CEO


KeyCorp


Kathleen Murphy


President, Personal


Investing


Fidelity Investments


Liz Myers


Global Chairman,


Equity Capital


Markets


JPMorgan


Barbara Novick


Vice Chairman/Co-


Founder


BlackRock


Suze Orman


Personal Finance


Expert


Suze Orman Media


Luz Padilla


Director, International


Fixed Income


DoubleLine


Penny Pennington


Managing Partner


Edward Jones


Nancy Peretsman


Managing Director


Allen & Co.


Jennifer Piepszak


Chief Financial Officer


JPMorgan Chase


Ruth Porat


Chief Financial Officer


Alphabet


Karin Risi


Managing Director,


RetailInvestor Group


Vanguard


Barbara Roper


Directorof Investor


Protection


The Consumer


Federation of


America


Alice Ruth


ChiefInvestment


Officer


Dartmouth College


Investment Office


Beth Seidenberg


Founding Managing


Director


Westlake Village


BioPartners


Michelle Seitz


Chairman/CEO


Russell Investments


Katrina Sherrerd


CEO


Research Affiliates


Anne Simpson


Director, Board


Governance and


Strategy


Calpers


Joan Solotar


Senior Managing


Director, Global Head


of Private Wealth


Solutions


Blackstone


Liz Ann Sonders


ChiefInvestment


Strategist


Charles Schwab


Mary Ellen Stanek


Managing Director


Baird


Dhivya Suryadevara


Executive Vice


President, Chief


Financial Officer


General Motors


Dana Telsey


CEO


Telsey Advisory


Group


Sue Thompson


Head of SPDR


Americas Distribution


State Street Global


Advisors


Margaret Vitrano


Managing Director/


Portfolio Manager


ClearBridge


Investments


Paula Volent


ChiefInvestment


Officer


Bowdoin College


Anne Walsh


ChiefInvestment


Officer, Fixed Income


Guggenheim


Investments


Carolyn Weinberg


Global Head of iShares


Product


BlackRock


Meryl Witmer


General Partner


Eagle Capital


Partners


Janet Yellen


Former Chair, Federal


Reserve


Ivy Zelman


CEO


Zelman & Associates


“I was very proud of having


gotten that appointment [chair of


the National Women’s Business


Council] by President Obama....I


feel very strongly thatit’s your responsibility


[togiveback]ateverystage.”Carla Harris, Morgan Stanley

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