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10 Most Powerful American Bankers

The American banking industry that was established along with the country’s founding has developed into a complex system of different banking services and it is highly influential. The industry is centred on different financial services like asset management, deposit security and private banking. This means that there have been people who revolutionised the banking sector by leading different banks to greatness.

Therefore, this article looks at the most powerful American bankers and the work they have put in for them to be considered powerful.

1. Jamie Dimon

Dimon who is the chairman and chief executive officer of J B Morgan chase is one of the most powerful people in the banking sector. He has been the CEO of the bank since 2005. The bank is one of the largest in the United States in terms of financial assets and therefore, it is a great feat for him to be managing it.

Jamie Dimon started his career in the finance sector in 1982 at American Express. He also helped build the modern say Citigroup before he joined J. B Morgan Chase in 2004 and became the chairman and CEO shortly after

2. Brian Moynihan

Born in October 1959, Brian Moynihan is the chairman and CEO of the Bank of America. Brian had several banking positions before he was promoted to be the CEO of the bank in 2010. He started his career at Fleet Boston Bank where he was the deputy general counsel. He was then promoted and from 1999 to 2004, he was the executive vice president in charge of the bank’s brokerage and wealth management.

He went on and joined Bank of America where he was appointed the president of global wealth and later became CEO. His vast experience in the banking sector makes him powerful in that he has insights into the trends of the banking industry.

3. Nandita Bakhshi

Bakhshi is the president of the Bank of the West and among the most formidable people in the banking sector. She is consistently ranked among the most powerful women in the United States banking sector because she rose the ranks from a bank teller to the chief executive officer.

Additionally, she is considered to be outstanding in leading her employees towards redefining the future of banking and ensuring good financial performance.

4. Jane Fraser

She is the chief executive officer of Citigroup, a global bank that serves several businesses, institutions and millions of consumers. She graduated from Girton College in Cambridge and proceeded to Harvard Business School. She started her career at McKinsey and Company where she was a partner for 10 years.

Fraser joined Citigroup in 2004 where she was the head of client strategy. In 2009, she was promoted to be the Global Head of Strategy and Mergers. This appointment coincided with the financial crisis where she re-engineered the group. She was appointed as Citigroup CEO in 2020 and was named the most powerful woman in banking by the American Banker.

5. Richard Fairbank

He is the founder, CEO and chairman of Capital One. He founded the bank with his friend Nigel Morris in 1988 and has been the chief executive officer since its founding. He is considered one of the most powerful American bankers because he has more than thirty years of experience in the banking sector and therefore, he is well conversant with the bank’s capabilities, performance and strategies.

6. Andrew Cecere

Cecere is the president, chief executive officer and chairman of U. S Bancorp, a financial service holding company that has offered its services to businesses and people across the United States, Europe and Canada. He started his career forty years ago as a financial analyst at Control Data Operation. He joined Bancorp in 1985. He was made the vice president of acquisition analysis in 1990 and from then he rose in the ranks until he was made the chief executive officer in 2017.

Andrew got his bachelor’s degree in Business Administration and Finance from the University of St. Thomas and his master’s degree from the University of Minnesota.

7. William Demchak

William Stanton Demchak is the current chief executive of PNC Financial Services. He is among the most powerful individuals in the American banking industry as he has held several key positions in different financial institutions and thus garnered the necessary experience and skill to lead the bank.

Demchak worked for JP Morgan Chase in various capacities before joining PNC in 2002. He worked as a chief financial officer, head of Corporate and Institutional Banking and Senior Vice Chairman before being elected as the president.

8. Thomas Gibbons

Todd Gibbons is the chief executive officer of BNY Mellon. Before his appointment, he was the vice-chairman for BNY Mellon and also the CEO of client management. In this role, he managed the trading, collateral and liquidity management options and financing on behalf of the company. His experience in various aspects of banking makes him one of the best in the field as he can offer sound advice that will produce results.

9. Ronald. P O’Hanley

Being one of the high profile people in the banking sector, Ronald is the chairman and chief executive officer of State Street Corporation. Before joining State Street in 2015, Ronald worked for Fidelity Investments as the president of asset management and corporate services.

He also worked for BNY Mellon as the chief executive officer in Boston and McKinsey and services. He also established Investment Management Practice.

10 Kelly. S King

Kelly King is the chairman of Truist Financial Services which was formerly known as BB&T Corporation. He started his career in 1972 at BB&T and has served in different roles before being made president in 2009. Named as one of the Power Players in business by the Triad Business Journal in 2019, Kelly is among the most powerful American bankers. He was also titled banker of the year in 2015 by the American Banker magazine.