American Banker and Fortune magazines recognize Bank of America leaders as “Most Powerful Women”

American Banker recognized Bank of America as having one of the “Top Teams” of women leaders and ranked five executives among the Most Powerful Women in Banking and Finance, including Cathy Bessant in the no. 1 spot. Fortune magazine also named Anne Finucane to their Most Powerful Women list for the second year in a row.

Each year, American Banker magazine recognizes the top teams of female leaders in banking and the top individual female executives in the financial services industry who are driving their company’s performance through strategy and innovation, advancing the programs and resources available for their employees, and demonstrating leadership and involvement in their communities. Additionally, for the last 20 years, Fortune magazine has released a list that ranks the 50 most influential and powerful women in business today.

This year, Bank of America was named one of the Top Teams and five executives from the company were recognized for their leadership, the work they do to drive responsible growth, and the contributions they make each day for clients and teammates. Cathy Bessant, chief operations and technology officer, earned the top spot on the list as the most powerful woman in banking. Anne Finucane, vice chairman, sits at no. 9; Andrea Smith, chief administrative officer, is no. 13; and Anne Clarke Wolff, head of Global Corporate Banking and Global Leasing, is at no. 18 among the most powerful women in banking. Candace Browning, head of Global Research, earned the no. 8 spot among the most powerful women in finance. Anne Finucane was also named to Fortune’s Most Powerful Women list for the second year in a row.

Empowering women

These rankings are another example of the recognition the company receives for continued investment in women and for strong female leaders who are paving the way for thousands of women in the financial services industry. This recognition reinforces and honors the organization’s commitment to helping female teammates make meaningful contributions within the company and in the communities it serves.

Bank of America is a leader in its industry with strong representation of women at all levels of the organization ― more than 50% of its global workforce is female, more than 45% of its U.S.-based managers are female, more than 40% of its global management team is female and more than 30% of its independent board of directors is female.

In addition, the company has many programs and resources designed specifically to support the development and retention of women at Bank of America ― including the Investing in Women Leadership Council, Global Women’s Conference, Women’s Executive Development Program and the Leadership, Education, Advocacy and Development (LEAD) for Women network.  And the organization empowers women to share their insights with women outside the company, helping more women use their skills to impact the world ― including the Global Ambassadors Program, the Tory Burch Foundation Capital Program, and the Cherie Blair Foundation for Women.

Learn more about how Bank of America is helping women succeed.

12/5/2017


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