U.S. Senator Kirsten Gillibrand said last month that a woman would become CEO at one of the five biggest U.S. banks before the country has its first female President.
"It's a longshot because there are not very many senior women left in investment banking," said Jeanne Branthover, a managing director and head of the global financial services practice at New York-based Boyden Global Executive Search Ltd. "How long will it take to hire them, fit them into your culture, see them succeed and promote them?"
Which will be first? A female U.S. President or a female CEO at a major U.S. bank?
She referred to KeyCorp CEO Beth Mooney, first female CEO of 20 largest U.S. banks, during the event focused on women's leadership in business and politics and stated that more women involved in business would equate to better outcomes for those businesses.
"When women are at the table, they problem-solve differently, they see risk differently, they see success differently," Gillibrand said. "They define a different set of parameters, which when heard alongside male voices, result in a better outcome."
What do you think? Will Wall Street benefit from a female CEO?