About the Ranking
Event Details
The Mentor Factor
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2008 Ranking
2007 Photos
Prior Rankings
Sponsorship Info
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25 Most Powerful Women in Banking 2006
- Marion O. Sandler
Co-CEO
Golden West Financial Corp.
- Amy Brinkley
Global Risk Executive
Bank of America
- Heidi Miller
CEO, Treasury & Securities Services
JPMorgan Chase
- Ellen Alemany
CEO, Global Transaction Services
Corporate & Investment Banking
Citigroup
- Julia Gouw
CFO
East West Bank
- Doreen Woo Ho
President Consumer Credit Group and
Corporate Trust Services
Wells Fargo
- Sallie Krawcheck
CFO
Citigroup
- Wendy Suehrstedt
Senior EVP, President & CEO
Mid-Atlantic Division
TD Banknorth
- Pamela Joseph
Vice Chairman, chairman & CEO
Nova Information Systems
U.S. Bancorp
- Barbara Desoer
Global Technology, Service &
Fulfillment Executive
Bank of America
- Cara Heiden
Division President, National Consumer and
Institutional Lending
Wells Fargo Home Mortgage
- Diane Thormodsgard
President, Corporate Trust Services and
Institutional Trust and Custody
U.S. Bancorp
- Heidi Stanley
Vice chair and COO
Sterling Savings Bank
- Carrie Tolstedt
Group EVP
Wells Fargo
- Patricia Moss
President & CEO
Cascade Bancorp
- Joyce Phillips
Head, International Retail Banking
Citigroup
- Shannon McFayden
Senior EVP
Wachovia
- Susan Horton
Chairman, CEO and President
Wheatland Bank
- Ranjana Clark
EVP, Head of Treasury Services
Wachovia
- Melanie J. Dressel
President & CEO
Columbia Banking System
- Lani Hayward
EVP, Creative Strategies
Umpqua Bank
- Constance Lau
Chairman, President and CEO
American Savings Bank
- Deborah Innes
EVP & Head of Retail Banking
and Treasury Management Services
Amegy Bank of Texas
- Donnalee DeMaio
President
MetLife Bank
- Barbara Smith
SVP
The Heritage Bank
The 25 Women to Watch
- Deanna Oppenheimer
CEO, UK Retail Banking
Barclays Bank
- Karen Maidment
CFO and CAO
BMO Financial group
- Debora Horvath
EVP and CIO
Washington Mutual
- Karen Peetz
Senior EVP
The Bank of New York
- Leila Carr
EVP, Retail Banking
Synovus financial corp.
- Avid Modjtabai
EVP, Director of Human Resources
Wells Fargo
- Lynda Nahra
President and CEO
Community West Bancshares
- Susan Speer
SVP, Private Banking Manager
Zions First National Bank
- Susan Harnett
CEO, Consumer Bank and Country
Officer–Germany
Citibank
- Carol Nelson
President and CEO
Cascade Financial Corp.
- Cristin Reid English
COO
Capitol Bancorp
- Sherry Cooper
EVP and Global Economic Strategist
BMO Financial Group
- Faith Massingale
EVP, International Cards
Citigroup
- Mary Walworth Navarro
Senior EVP, Retail and Commercial Banking
Huntington Bancshares
- Cece Sutton
EVP, Head of Retail and
Small-Business Banking
Wachovia
- Rebecca Kearns
President, Resort Banking
Zions First National Bank
- Claudia Slacik
Global Head of Trade Services and Finance
Global Transaction Services
Corporate and Investment Banking
Citigroup
- Lori Chillingworth
SVP and Manager, Women’s Financial Group
Zions First National
- Karen Lee Hail
SVP and COO
MidSouth Bancorp
- Catherine Smith
Group President, U.S. Retail
Financial Services
ING Group
- Peyton Patterson
Chairman, President and CEO
NewAlliance
- Dina Palozzi
SVP and Chief Privacy Officer
BMO Financial Group
- Deborah Meekins
President and CEO
Sonoma National Bank
- Terry Jorde
President and CEO
CountryBank USA
- Beth Mooney
Vice Chair
KeyCorp
The Top 3 Banking Teams
- US Bank
- Wells Fargo
- Citigroup
The Marjorie Magner Lifetime Achievement Award
Jessica Palmer
Former Managing Director and Head of Risk Management
Corporate and Investment Banking
Citigroup
Until retiring this year, Jessica Palmer spent 35 years in banking, most recently as head of risk management and a member of the planning group for Citigroup Corporate and Investment Banking. She was also a member of Citigroup’s management committee. During her 22-year career at Citigroup, she was at different times chair of the firm’s Global Commitment Committees, a senior investment banking coverage officer responsible for the firm’s relationships with various Fortune 100 companies, the head of the Fixed Income Capital Markets Services Group and also co-head of the International Investment Banking Group in New York where she focused extensively in the emerging markets.
Ms. Palmer’s career is marked by a series of impressive “firsts,” as her achievements often marked her as the first woman to reach them. When she worked for Wells Fargo Bank in the 1970s, she was named head of loan syndications at the age of 26, the only woman in the banking industry to run such a group. She ran the unit until she joined Goldman Sachs, where she became the first female vice president in the banking division, earning the title a year early. She was the first woman to have responsibility for covering a region, and the only woman in the coverage group. At Salomon Brothers she became the fist woman on all of Wall Street to head a Fixed Income Capital Markets group. She was the first female chair of the Commitment Committees, and the first to head Risk Management.
But it’s not all about being the first person to do something; it’s about mentoring those who followed in her footsteps. For instance, when she ran loan syndications at Wells Fargo, her two-person sales team was exclusively female, the only all-female team in the industry. At Goldman, she spoke up on behalf of women bankers, bringing concerns directly to the co-CEO, and at one point took a major career risk by siding with an African American salesperson who was involved in an issue with an extremely powerful male colleague.
Her biggest risk assessment, though, came with her decision to actively participate each day in the parenting of her three children, recognizing that she and her husband must shape their children’s futures by instilling strong moral standards, accountability and the obligation to participate in the community. Ms. Palmer sits on the Board of Trustees of Indian Mountain School, which nurtures children who have developmental issues. The appointment has special meaning for her as the school played an important role in the life of one of her sons. The decision paid off: Her three children are all prospering.
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