Women on top

US Federal Reserve vice-chairman Janet Yellen was nominated by President Barack Obama to become its next chairman.

Written by Aleesha Matharu | Published: October 13, 2013 12:17:50 am

In a history-making selection,US Federal Reserve vice-chairman Janet Yellen was nominated by President Barack Obama to become its next chairman. If confirmed,she will be the first woman to lead the powerful central bank. Similarly,in India,Arundhati Bhattacharya took over as the chairperson at the State Bank of India (SBI),becoming the first woman to head it. The two join the ranks of several other women who have made it to the top of the banking world.

Beth E Mooney has been the Chairman and Chief Executive Officer of Ohio-based bank KeyCorp since May 1,2011,and its President since November 2010. Mooney has served as its Vice-Chairman since April 2006. She has over 30 years of experience in retail banking,commercial lending and real estate financing. Mooney got an unlikely start in 1977 as she started work as a bank secretary.

Ellen Alemany is due to retire this month from the post of chairman and CEO at RBS Citizens Financial Group and as head of RBS Americas. She is currently the only woman responsible for one of the top ten commercial banking institutions in the US. In August 2009,Forbes magazine ranked Alemany 57th on its annual list of the World’s 100 Most Powerful Women.

Christine Lagarde is Managing Director of the International Monetary Fund. She was appointed in July 2011. She served as France’s finance minister from 2007-2011. In 2009,Christine Lagarde was ranked the 17th most influential woman in the world by Forbes magazine,the 5th best European executive woman by The Wall Street Journal Europe,and became one of Time magazine’s top-100 world leaders.

Gill Marcus has been the Chairperson and Governor of South African Reserve Bank since November 9,2009. She is the first woman to hold this position. Marcus was previously a Non-Executive Director of Gold Fields Limited and Chair of Absa Group Limited. She has previously served as Deputy Governor of the South African Reserve Bank.

Mercedes Marco del Pont was appointed as the President of Argentinas’s Central Bank in February 2010 on an interim basis,which was later confirmed with no specific end date for her term. Before that,she headed state-run bank Banco Nacion. An economist,she was accepted as a Master’s Degree candidate at Yale University’s Economic Growth Center.

Ann Le Lorier became the first Deputy Governor of the Banque de France in 2010. In 1977,she joined the Treasury,at the Ministry of Economy and Finance,where she spent most of her career. In 1981,she was appointed as France’s Alternate at the International Monetary Fund.

Sabine Lautenschlaeger became the Vice President of Bundesbank in Germany in 2011. Earlier,she was a member of the Management Board of the European Banking Auhtority.

Gail Kelly became the chief executive officer of Westpac,one of Australia’s big four banks in 2008. In 2002,she became the first female CEO of a major Australian bank or top 15 company and,as of 2005,was the highest paid woman in an Australian corporation.

Zeti Akhtar Aziz is the seventh and current governor of Bank Negara Malaysia,Malaysia’s central bank. She has been governor since May 2000,and was the first woman in the position. She got her Master’s from the University of Pennsylvania and went on to complete a PhD in monetary and international economics. She began her career as an economic analyst.

Manisha Girotra is currently the CEO of the Indian unit of investment bank Moelis and was the managing director and chairperson for Swiss bank UBS in India. The appointment of Girotra is the first step in Moelis & Company’s expansion plans,having opened offices in the US,London,Dubai,Frankfurt,Sydney,Hong Kong and Beijing since its formation in July 2007.

In India,the number of women who helm banks is unprecedented. To name a few

Chanda Kochhar

Managing Director and CEO of ICICI Bank

Shikha Sharma

CEO of Axis Bank

Naina Lal Kidwai

Country head of HSBC India

Vijayalakshmi Iyer

CMD,Bank of India

Archana Bhargava

CMD,United Bank of India

Vedika Bhandarkar

Managing director,credit Suisse

Kalpana Morparia

CEO of JP Morgan India Pvt Ltd

Subhalakshmi Panse

CMD of Allahabad Bank

Kaku Nakhate

President and country head

(India),Bank of America Merrill Lynch

Meera Sanyal

operations head of Royal bank of Scotland (India)

Renu Karnad

Managing director of

HDFC bank

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