From Abigail Johnson To Laura Cha, Here Are This Year’s Most Powerful Women In Finance

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Amid the economic turmoil in the second year of the pandemic, 14 financial leaders on Businesshala’ list of Most Powerful Women for 2021 face unprecedented challenges while strengthening some of the world’s biggest banking and financial institutions. He has embraced his position of influence to drive change with impact on economies around the world.

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In doing so, Abigail Johnson, president and CEO of Fidelity Investments, ranks No. 1. 6 on the list and is the most powerful woman in finance this year. She has served as CEO since 2014, when she took over for her father, and became chairman in 2016. With a net worth of $25 billion, Johnson also appeared at number 27 on the 2021 Businesshala 400 list. This year, Fidelity added more than 13,000 new jobs, doubling the 2020 hiring numbers. Under his leadership, Fidelity’s assets under management have grown by more than 60% to $4.2 trillion, as Boston invests the giant inches closer to the scale of the big players in the investment banking industry.

Fidelity was one of the first traditional investment companies to adopt cryptocurrencies. In 2018, institutional investors in the bank were given the ability to trade bitcoin and ether cryptocurrencies. Johnson, who is enthusiastic about the role of blockchain technology in the future of finance. “I love this stuff — bitcoin, ethereum, blockchain technology — and what the future holds,” Johnson said at Consensus at the 2017 New York City Blockchain Conference.

Another woman to assert her power in the world of finance is Kathy Wood, founder and CEO of Arch Invest. With its bold predictions and bets, Master Stockpicker’s flagship $23 billion Ark Innovation Fund has delivered an average annualized return of around 45% over the past five years. This track record marked Wood’s first time on the power list; She makes her debut at No. 53. He famously backed Tesla — an early bet that paid off in a big way — as he predicted it would surpass a $1 trillion valuation. In a year when few knew what to expect, Wood’s bold (and often wildly successful) investments made him one of the most influential people on Wall Street, with Ark’s every move among investors hedging the market. sounded the alarm for.

There are five other finance-oriented newcomers to this year’s list of the world’s most powerful women: Thusunda Brown Duckett, the newly appointed CEO at TIAA and former CEO of Chase Consumer Banking, started at No. 45 on the list. With her new position overseeing a leading financial services provider in the academia and research industry, she is currently one of only two black women to lead a Fortune 500 company, and the fourth to do so. Hana Al Rostamani, who became Group CEO at First Abu Dhabi Bank in February, is ranked 57th. She is the first female CEO at the UAE’s largest lender and is off to a strong start to her tenure: third-quarter earnings jump 54% to $1 billion. Hong Kong Stock Exchange chair Laura Cha debuted at No. 69. She is the first woman to hold her position, which she assumed after leaving HSBC Asia Pacific in 2018, where she served as deputy chairman. Tokiko Shimizu, the first female executive director in the Bank of Japan’s more than 130-year history, debuted at No. 55.

And for the first time ever, a new listing debuted with a tie: Jennifer Pipszak, co-CEO of consumer and community banking at JPMorgan Chase, doesn’t share. 42 with his co-CEO, Marianne Lake. Although it is unusual for a power list to hold a tie, Wall Street analysts Businesshala The two women share similar power within the bank and that CEO Jamie Dimon has equal chances of succeeding, the interview said.

These are the most powerful women in finance, along with their rank in the list of the 100 Most Powerful Women in the World:

No. 6: Abigail Johnson, Chairman and CEO, Fidelity Investments

No. 7: Ana Botín, Executive President, Banco Santander

No. 14: Jane Fraser, CEO, Citi

No. 33: Ho Ching, Director, Temasek Trust

No. 41: Adena Friedman, President and CEO, Nasdaq

No. 42: Marianne Lake and Jennifer Pipszak, Co-CEOs, Consumer and Community Banking, JPMorgan Chase

No. 45: Thasunda Brown Duckett, CEO, TIAA

No. 47: Mary Callahan Erdough, CEO, Asset Management, JP Morgan

Number 53: Kathy Wood, Founder, CEO, and CIO, Arch Invest

No. 55: Tokiko Shimizu, Executive Director, Bank of Japan

No. 57: Hana Al Rostamani, Group CEO, First Abu Dhabi Bank

No. 69: Laura Cha, Chair, Hong Kong Stock Exchange

No. 87: Dominique Senquier, Founder and President, Ardean

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