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Tuesday, September 27, 2011

Abby Tops a Power List

News summary by MFWire's editors

Fidelity scion Abigail Johnson, president of personal, workplace and institutional services, is the most powerful woman in finance, according to American Banker Magazine, which released its list of the 25 Most Powerful Women in Finance.

"Many expect Johnson will be the next CEO at Fidelity, an industry powerhouse with $3.7 trillion of assets under administration, $1.7 trillion of managed assets and $1.5 trillion in mutual fund assets under management, as of May," according to the mag.

Johnson is not the only Fidelity executive on the list. Coming in at No. 18 is Kathy Murphy, president of Fidelity's personal investing business.

"The strategic force behind Fidelity’s dominance in individual retirement accounts and mutual-fund managed account programs, Kathleen Murphy has helped to grow Fidelity Personal Investing’s assets under administration from $730 billion when she joined the firm in 2009 to over $1 trillion in 2010," writes American Banker. 

Edited by: Armie Margaret Lee

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