American Banker released its list of the most powerful women in finance, with JP Morgan's [profile] Mary Callahan Erdoes, head of asset management, listed at number one.

Abby Johnson, president of Fidelity [profile] Financial Services and Fidelity Investments, isn't far behind at number two. She burst into the limelight when she spoke with a group of 350 brokers and RIAs about the strategy and innovation that lies ahead for Fidelity last April, American Banker writes.

The publication quoted Doug Dannemiller, principal of Dannemiller Analytics & Consulting, as saying of Johnson, "She is taking the reins as a visionary for Fidelity…And I think we've seen that transition for the last several years."

Maliz Beams , CEO of ING [profile] U.S. Retirement Solutions for ING U.S., is listed at number eight, with American Banker noting that Beam's unit reported earnings of $192 million in the first quarter, a 20 percent increase from a year ago.

At number 10 is Nicole Arnaboli, vice chair for asset management at Credit Suisse [profile]. President and CEO of Charles Schwab [profile] Investment Management, Marie Chandoha, was listed at number 11. Kathleen Murphy, president of personal investing at Fidelity, was ranked number 19.

To read more, click here.  

Edited by: Casey Quinlan


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