Banks and asset managers have come to the fore in Financial News’s 100 Most Influential Women in Finance list for 2023.
A tumultuous 12 months has seen a changing of the guard at many large investment banks, fund managers and law firms in Europe.
Some high-profile names have stepped aside, but others have secured big promotions that have justified inclusion in 2023.
FN’s list is now entering its 17th year, but the need to celebrate high‑achieving women is as important as ever. Senior female executives are still under-represented in the sector with FN research showing just 10% of top investment banking roles in Europe are held by women.
Meanwhile, the FTSE 100 has fewer female chief executives now after NatWest boss Dame Alison Rose stepped down over the de-banking of Brexit campaigner Nigel Farage.
Other senior shake-ups have resulted in new entrants to the FN100. Micaela Forelli’s promotion to chief executive of M&G’s European asset management unit means she makes the list for the first time. Robeco’s Karin van Baardwijk, is also a new entry this year.
UBS’s Bea Martin has returned to the list for the first time since 2016, after CEO Sergio Ermotti appointed her president of Emea. Nicola Atkinson’s appointment as interim CEO for Deutsche Bank’s UK and Ireland operation has also seen her break on to the list. Her predecessor, Tiina Lee, moved to Citi but remains one of the 100.
Those who made the cut this year have had to navigate huge challenges, such as rising interest rates, surging inflation and some of the deepest job cuts to ever hit the sector. Despite this, they have continued to shine.
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