Times Are a Changin’
It’s been an exciting end of the summer in terms of lead- ership announcements. Citigroup just said that Jane Fraser is its next CEO, making her the first woman tolead a large Wall Street bank.
“The glass ceiling in banking may be finally cracking,” saidCNBC’s Jim Cramer when the news broke Sept. 10. “Thisis revolutionary, and we can’t deny it.” Fraser will take thereins from Michael Corbatin February.
This development cameabout a week after JeanHynes was named thenext CEO of WellingtonManagement, one of thelargest independent investment firms in the worldwith more than $1 trillionin assets under management. She will take overfrom Brendan Swordswhen he retires on June 30,
2021. After assuming her new role, Hynes is set to continueleading the nearly $50 billion Vanguard Health Care Fund,which she has managed since 2008.
These recent CEO appointments are highly inspiring forwomen in financial services, while the stories of advisorshelping clients during the coronavirus pandemic — featured inthis month’s cover story — spotlight the tremendously positiveimpact all advisors can have on clients.
They’re going the extra mile for firefighters, groundedpilots and flight attendants, vintners and others. This includeshelping clients deal with the stress of lost jobs, volatile markets, sick colleagues and family challenges, along with retirement planning and related concerns.
As advisor Karin Alvarado said about her clients in
Northern California’s Napa region, “Our valley is resilient,
and the wineries and restaurants have found ways to accom-
modate guests outside. Unfortunately, due to the recent fires,
smoke is certainly problematic, and guests now have to deal
with that. This has been a challenging year for all of us, but
we’ll get through it.”
Looking ahead, contrib-
utor Tim Welsh of Nexus
Strategy (in “Industry
Insights”) points to four
megatrends shaping wealth
everyone’s favorite: video
and using video will be way
ahead of the cure in find-
ing, converting and nurtur-
ing client relationships,”
While a recent JD Power survey found that a large numberof advisors weren’t communicating with clients during thepandemic, the stories of advisors in this month’s issue paint avery different picture of deep engagement. We welcome yournews and views on how you’re serving clients in 2020. Pleasereach me at email@example.com.
These recent CEO appointments
are highly inspiring for women in
financial services, while the stories
of advisors helping clients during the
coronavirus pandemic — featured in
this month’s cover story — spotlight
the tremendously positive impact all
advisors can have on clients.