In honor of International Women’s Day, we’re celebrating amazing women in finance. Women pioneering the world of finance is not a new phenomenon, yet one that we celebrate as we strive for gender equality. According to CNNMoney US, only 14.2% of the top five leadership positions at the companies in the S&P 500 are held by women. Pretty shocking right? According to the Women in Business 2015 report by Grant Thornton, 32% of global businesses have no female leaders. That same report states “Eastern Europe stands out as a constantly good performer with 35% of senior roles held by women.” Cheers to them, and seeing that number grow to 50%.
These statistics only show female representation in top positions, not disparities in pay. The bottom line is, we still have a long way to go in achieving gender equality, yet celebrating how far we have come is a great motivator. Women are changing the face of finance in . Although this list doesn’t even begin to scratch the surface, it serves as an ode to women around the world — here’s to an even better 2016!
8 Amazing Women in the World of Finance
1. Elham Hassanzadeh
Making big waves thanks to her work with Iranian natural resources, Elham Hassanzadeh’s aim is to increase Western investment flow into Iranian oil markets, following changes in sanctions. She was recently featured in Bloomberg Business for her work.
2. Heather Cox
Heather is the new face of Citigroup’s Fintech Unit. Under her leadership, Citigroup will revolutionize the consumer experience by centralizing mobile banking for all features including investments.
3. Chanda Kochhar
Chanda is the CEO of ICICI Bank in Mumbai, India. She has been actively expanding ICICI’s mobile banking. ICICI has seen a 14% increase in profit under Kochhar’s lead. Kochhar is looking to take advantage of new regulations that will allow foreign investments up to 74% in full Fungibility.
4. Sallie Krawcheck
A former Wall Street Executive, Sallie recently received $10 million in funding to create her own niche investment platform. Ellevate is an investment platform catering to women who want to make their money work for them.
5. Mary Callahan Erdoes
Mary is the CEO of J.P.Morgan Asset Management, with assets of $2.4 trillion. She has a long-standing history of financial leadership and is titled the ‘Queen of Wall Street’ by the New York Post. She has served with J.P.Morgan for over 18 years.
6. Ruth Porat
A former CFO of Morgan Stanley, Ruth now serves as the CFO of Alphabet (parent company of Google). Since taking on her new role, Porat has the great task of bringing Wall Street to Silicon Valley. In an article published last year, Business Insider notes that Ruth’s strong work ethic puts most employees to shame.
7. Annika Falkengren
The head of Sweden’s Skandinaviska Enskilda Banken, Annika Falkengren is one of the highest paid and most influential women in European finance. She has made headlines in the last few years for her positive efforts in the area of climate change — going so far as to cut ties with companies that are not working towards environmental sustainability.
8. Peggy Johnson
Peggy is the Executive Vice President of business development for Microsoft. She was recently featured in Business Insider for her position on women being the next emerging market. Johnson is personally responsible for the expansion that Microsoft has seen lately.
Are we missing your favorite female in finance? We would love to hear stories of other gal-game-changers and feature them in a future post. Please share below!