Tracey Brophy Warson
Head of Citi Private Bank North America, Citigroup
Tracey Brophy Warson's goal for 2015 is to improve on her performance from 2014, when she took the helm at Citi Private Bank North America. If first-quarter numbers are any indication, she will hit that goal. The unit reported double-digit growth in the quarter that ended March 31, driven by increased lending and clients' capital markets activity.
Overall client business volumes were $166 billion at the end of 2014, up from $152 billion in 2013, an increase Warson attributes to her team's success in converting more prospects to new clients. By midyear assets under management had swelled to $171 billion.
Warson is the first woman to head the private bank, and one of her responsibilities is ensuring that women at Citigroup are being considered for top jobs. Earlier this year, Warson was handpicked by Citigroup Chief Executive Mike Corbat to co-lead Citi Women, an internal organization established in 2006 to attract and retain female talent.
Warson has used this role to push for the equal representation of women on Citi's boards and has encouraged the company's participation in the 30% Club — which was launched in the United Kingdom in 2010 with a goal of increasing the ratio of corporate board seats occupied by women to 30%. A U.S. offshoot of the group was established last year and its goal is to have 30% female representation on corporate boards by 2020.
Warson was previously Citi's head of private banking for the West Coast. In that role she founded the Citi Women's Network in the Bay Area in 2010 and helped launch the private bank's North America Diversity Operating Committee in 2011. Warson also has initiated discussions to share best practices of Citi Women with peer institutions and regulatory agencies like the
