The Most Powerful Women in Banking 2022

October 5, 2022 6:00 AM

Enjoy complimentary access to top ideas and insights — selected by our editors.

This year marks the 20th anniversary of the Most Powerful Women in Banking. The inaugural list debuted in what was then called US Banker. No. 1 on the list was Sallie Krawcheck, who was the CEO of Smith Barney at the time. Among the women on the cover that year were Julia Gouw, currently the board chair at Piermont Bank, and Ranjana Clark, who is the head of global transaction banking at MUFG. This is Clark's 15th appearance on the list.

Other returnees to the list this year include Jill Castilla, president, CEO and vice chair of Citizens Edmond Bank, and Nandita Bakhshi, president and CEO of Bank of the West. Dorothy Savarese, another returning honoree, stepped down as president and CEO of Cape Cod Five Cents Savings Bank this year and became its executive chair.

Four women moved from last year's Women to Watch list onto the Most Powerful Women in Banking list: Titi Cole, CEO of legacy franchises at Citi; Deborah Guild, chief security officer at PNC Bank; and Kate Danella, head of consumer banking group at Regions; and Angela Mago, president, Key commercial bank and KeyBank real estate capital at KeyCorp.

Scroll through to see the full list of the 25 Most Powerful Women in Banking for 2022.

Also be sure to check out:

Jane Fraser

CEO
Citigroup

Over the past year, Jane Fraser, Citi's first female CEO in the firm's history, completed a strategy refresh at the world's most global bank.

Read her full profile.

Marianne Lake

Co-CEO of Consumer & Community Banking
JPMorgan Chase

For Marianne Lake, innovation is not a straight line.

"You can zig, you can zag, you can bob, you can weave, you can iterate and that's how you get to the right place," Lake said during a moderated discussion held on JP Morgan Chase's "Women on the Move" leadership day in October 2021.

Read her full profile.

Jennifer Piepszak

Co-CEO of Consumer & Community Banking
JPMorgan Chase

The consumer and community banking division at JPMorgan Chase & Co. surpassed $1 trillion in deposits in 2021, up 51% from 2019.

Read her full profile.

Mary Mack

Senior Executive Vice President, CEO of Consumer and Small Business Banking
Wells Fargo

Making banking easier for every customer is the mission of Mary Mack, who leads 67,000 employees in Wells Fargo's consumer and small-business banking (CSBB) division.

Read her full profile.

Nandita Bakhshi

President and CEO
Bank of the West

When Nandita Bakhshi took a job as a part-time bank teller in 1986, she found an environment far removed from today's.

Read her full profile.

Kelly Coffey

CEO
City National Bank

In her fourth year as CEO of City National Bank, Kelly Coffey is expanding the types of lending her bank offers while also increasing diversity in her leadership team.

Read her full profile.

Karen Peetz

Chief Administrative Officer
Citigroup

When Karen Peetz joined Citi in 2020, she was returning to work after seven years of retirement from a career that included leadership positions at Bank of New York Mellon and at JPMorgan Chase.

Read her full profile.

Kate Quinn

Vice Chair, Chief Administrative Officer
U.S. Bancorp

As the U.S. Bancorp vice chair and chief administrative officer, Kate Quinn is leading a $573 billion-asset company that, she said, is focused on "meeting customers where they are and how they want to do business."

Read her full profile.

Stacey Friedman

EVP, General Counsel
JPMorgan Chase

Reflecting on two decades of changes in the banking industry, Stacey Friedman, executive vice president and general counsel at JPMorgan Chase, is struck by how women are more significantly represented in the field.

Read her full profile.

Cathy Bessant

Vice Chair, Global Strategy
Bank of America

After 40 years on the job, Catherine "Cathy" Pombier Bessant is well-ensconced among the sparse but growing ranks of senior stateswomen in finance.

Read her full profile.

Diane Morais

President, Consumer and Commercial Banking
Ally Bank

Diane Morais believes that what's good for customers is ultimately good for business. With that philosophy in mind, she helped Ally permanently cancel both overdraft and mortgage origination fees last year.

Read her full profile.

Stephanie Cohen

Global Co-Head, Consumer and Wealth Management
Goldman Sachs

Stephanie Cohen has been at Goldman Sachs for more than 23 years. She started as an analyst in 1999, and held a series of leadership positions in mergers and acquisitions.

Read her full profile.

Kate Danella

Executive Vice President and Head of Consumer Banking Group
Regions Bank

The Regions Bank website has many of the financial education features consumers have come to expect from banks: information about banking, saving for college and saving for retirement.

Read her full profile.

Lori Beer

Chief Technology Officer
JPMorgan Chase

As Global Chief Information Officer of JP Morgan Chase, Lori Beer manages a $14 billion budget and more than 55,000 technologists across the bank's businesses.

Read her full profile.

Amy Brady

Chief Information Officer, Executive Vice President, Operations
KeyBank

As KeyBank relies more heavily on automation and cloud-based services, Amy Brady knows the bank will need more engineers.

Read her full profile.

Erminia “Ernie” Johannson

Group Head, North American Personal & Business Banking
BMO Financial Group

BMO Financial Group is poised for a dramatic expansion of its U.S. banking business later this year when it closes on its $16.3 billion acquisition of Bank of the West, the U.S. operations of BNP Paribas.

Read her full profile.

Ranjana Clark

Head of Global Transaction Banking
MUFG

Alain McLaughlin Photography Inc/415 517 6033 alain@alainmclaughl

Ranjana Clark has long been committed to working seamlessly across borders. The COVID-19 pandemic, of course, made that more challenging.

Read her full profile.

Titi Cole

CEO of Legacy Franchises
Citigroup

For much of last year, Titi Cole wore multiple hats. She was head of operations and fraud prevention for Citi's consumer bank, where she launched new fraud-detection capabilities, strengthened risk controls with enhanced governance oversight for issue and third-party management, and invested in controls automation and digital monitoring.

Read her full profile.

Sandy Pierce

Private Banking & Regional Banking Director and Chairman, Huntington Michigan
Huntington Bank

Sandy Pierce was in the midst of transforming how Huntington Bank delivered advisory services when her counterpart in the company's community banking unit left for a new job.

Read her full profile.

Beth Johnson

Chief Experience Officer and Chief Marketing Officer
Citizens

When Citizens Financial Group wanted to streamline its home equity line of credit, the bank turned to its expert in customer experience and analytics, Beth Johnson.

Read her full profile.

Jennifer Smith

EVP, Chief Technology and Operations Officer
Zions Bancorp.

On July 15th, Zions Bancorp. cut the ribbon on a 400,000-square-feet technology center in Midvale, Utah.

Read her full profile.

Jill Castilla

President and CEO
Citizens Bank of Edmond

Jill Castilla is growing her main bank – and its remote affiliate.

Citizens Bank of Edmond's asset size grew 13% year-over-year in 2021 to $370 million. The suburban Oklahoma City-based bank racked up 850 loans totaling $130 million last year.

Read her full profile.

Dorothy Savarese

Executive Chair
Cape Cod Five Cents Savings Bank

Dorothy Savarese stepped down this year as president and CEO of Cape Cod 5, the bank she led for 17 years. But as executive chair of the bank in Hyannis, Massachusetts, her schedule remains packed—albeit more compact.

Read her full profile.

Angela Mago

President, Key Commercial Bank and KeyBank Real Estate Capital
KeyCorp

Only six years ago, KeyBank was nowhere to be found in a ranking of the top 25 banks for lending to developers of affordable housing.

Read her full profile.

Deborah Guild

Head of Enterprise Technology & Security
PNC Bank

As a technology executive for PNC Bank, Deborah Guild has long been helping women blaze career pathways in the business world. Now she's helping them in what seems a most unlikely field: auto racing.

Read her full profile.