American Banker Honors The Most Powerful Women in Banking and Finance for 2016

BNY Mellon’s Karen Peetz, Bank of the West’s Nandita Bakhshi and JPMorgan Chase’s Mary Callahan Erdoes Receive Top Honors in Industry Ranking

NEW YORK, NY – (September 26, 2016) American Banker has announced the honorees for the 2016 Most Powerful Women in Banking.

The centerpiece of the Women in Banking program are rankings of the 25 Most Powerful Women in Banking and the 25 Most Powerful Women in Finance. In addition, American Banker identifies 25 Women to Watch and recognizes Top Teams in Banking to honor companies with strong female representation in their senior ranks.

“The women selected for the ranking are not only exceptional at their jobs, but an inspiration to others. They are leaders, at their companies, in the industry and in their communities,” said Executive Editor Bonnie McGeer, who chairs American Banker’s Women in Banking Editorial Committee. “Our hope is that by calling attention to such outstanding women, we can help amplify efforts by the industry to diversify its senior ranks.”

BNY Mellon President Karen Peetz ascends to this year’s top spot on the Banking list. Peetz, for years a consistent presence in the Top 25, was cited for the breadth of her responsibilities, her crisis management skills, her influence in the broader industry, and her extensive charitable work.

“I am honored to receive this recognition, which I am proud to share with the terrific BNY Mellon employees I work with every day,” Peetz said. “At BNY Mellon, we are invested in a diverse and inclusive workforce to take us to new heights of performance and growth.”

“I am inspired by the different perspectives, experiences, strengths and passions that drive each of us to do our very best for our clients, our company and our community,” she said.

Marianne Lake, chief financial officer of JPMorgan Chase, was awarded the second position in the ranking. Cathy Bessant, chief operations and technology officer at Bank of America, moved up to third.

Complete rankings can be viewed online at American Banker and are featured in the October 2016 issue of American Banker Magazine. The honorees will be celebrated at a dinner and awards ceremony on Oct. 6 at Cipriani’s in New York hosted by American Banker and parent company SourceMedia.

The ceremony will include a special Lifetime Achievement Award, which will be given to Diane D’Erasmo, the former vice chair of corporate banking, HSBC USA. In addition, Maureen “Mo” Wilkinson, vice president of community education and Community Reinvestment Act officer at HarborOne Bank in Brockton, Mass., will receive the Community Impact Award.

Top spots on the Most Powerful Women in Finance and the Women to Watch lists went to Mary Callahan Erdoes, CEO of J.P. Morgan Asset Management, and Nandita Bakhshi, the newly appointed president and chief executive of Bank of the West.

Erdoes, one of the top executives in the investment management and private banking sector, oversees assets of more than $2.4 trillion. Bakhshi, a 28-year veteran of the financial services industry, is just the fourth woman to head a top-40 U.S. bank.

Banks selected for Top Team awards this year are BMO Harris Bank, Centric Bank, JPMorgan Chase, KeyBank and Zions Bank. Notably, Centric has women in the roles of both chief executive officer and chief financial officer, which is a rarity among publicly traded banking companies.

About American Banker’s Most Powerful Women in Banking
American Banker’s Most Powerful Women in Banking recognizes the professional achievements and influence of the top-performing female executives in banking and financial services. The annual program, now in its 14th 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 Teams in Banking. Rankings and details about the awards dinner are available at

About American Banker
American Banker, a SourceMedia brand, 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. Financial industry professionals turn to American Banker to stay maximally informed and engage with an authoritative community of analysts, practitioners and innovators through opinion content, research reports, social media, and live events. American Banker Magazine is a monthly print publication of American Banker, focusing on the ideas, the people, and the companies that are changing the way bankers do business.

About SourceMedia
SourceMedia, an Observer Capital company, is a business-to-business Digital Marketing Services, Subscription Information, and Event company serving senior-level professionals in the financial, technology and healthcare sectors. Brands include American Banker, PaymentsSource, The Bond Buyer, Financial Planning, Accounting Today, Mergers & Acquisitions, National Mortgage News, Employee Benefit News and Health Data Management.

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Christine Zahn