2 U.S. Bank Execs. Among “Most Powerful Women In Banking”
Two U.S. Bancorp executives are among the 25 “most powerful women in banking,” according to a recent American Banker magazine ranking.
According to the banking industry publication, the annual list is based on the “professional achievements, personal tenacity, and overall influence of the industry’s top-performing female executives.”
Pamela Joseph, U.S. Bancorp’s vice chair and head of its $4.7 billion payment services division, ranked 4th on the list. Joseph moved up one spot from last year and this marks her eighth appearance on the list.
According to American Banker, Joseph is leading new initiatives at the Minneapolis-based bank-holding company, which include refinements to a virtual-wallet strategy and real-time mobile reward redemptions.
Joseph oversees the payment services division, which has reportedly pursued more acquisitions and joint ventures than any other area of the company. Joseph also acts as chair of the Women Leaders in Action organization—a humanitarian group that raises money to educate orphaned children in Africa.
Leslie Godridge, U.S. Bancorp’s executive vice president and head of national corporate and institutional banking, ranked 16th on the list for the second year in a row. This marks her third consecutive appearance on the list.
Since joining U.S. Bancorp in 2007, Godridge has more than doubled her division’s portfolio, which now generates more than $1 billion in annual revenue.
“It’s an honor to see Pam and Leslie recognized for what those of us inside U.S. Bancorp know about them—their significant contributions to our company and the industry,” U.S. Bancorp CEO Richard Davis said in a statement. “They lead by example, and their business acumen, combined with their philanthropic and humanitarian work, are exceptional.”
Also appearing on the list were four executives from Wells Fargo: Carrie Tolstedt (third on the list), senior executive vice president of community banking; Avid Modjtabai (fifth), senior executive vice president of consumer lending; Patricia Callahan (13th), senior vice president and chief administrative officer; and Caryl Athanasiu (25th), executive vice president of corporate risk and chief operational risk officer. Wells Fargo is headquartered in San Francisco but maintains a strong presence in Minnesota.
American Banker ranked Wells Fargo as having the best banking team based on the company’s asset size, which it reported as more than $5 billion.
Click here to view all of the 25 executives who made American Banker’s list.
U.S. Bancorp, under which U.S. Bank operates, is among Minnesota’s 10 largest public companies based on revenue, which totaled $20.3 billion in 2012. It is also the state’s largest bank-holding company based on assets, which totaled $354 billion as of June 30.
Wells Fargo’s private banking business is Minnesota’s largest asset management firm based on companywide assets, and is also among the 10 largest employers in the state.