watch and to help them along the wayfrom a product technology perspective.
I’m also very involved in the MoneyManagement Institute. I sit on its boardof governance and the social justiceboard, and love what they’re doing rightin the industry. It’s much different thanwhat you would expect, say, a companylike that to do. They’re coming forwardwith some pretty innovative things.
We’re also partnering with ChipRoame about how to bring more womeninto the Tiburon CEO Summits. I’mleading this with him. The goal is to getmore diversity into the Summits.
You can get more women and diversity on panels to bring different perspectives and share different experiences.We were making good progress with theApril 2020 Summit, which got cancelleddue to COVID- 19.
I don’t know [yet] what the April 2021Tiburon CEO Summit is going to looklike. We’ll see a lot more women at theSeptember 2021 event. As we’ve said,that’s where April and I first met. It’scome full circle.
RUDIN: I would echo everything thatCheryl is saying. A couple other firmsand people I would think about includeAdrienne Penta at Brown BrothersHarriman, who leads the Center forWomen & Wealth and focuses on how toserve women.
They’re not talking about this as if it’sa niche [market]. We know that womenare not a niche anymore, but they lookat some unique needs or challenges thatwomen face. Brown Brothers Harrimanhas done a great job with that.
Jane Schwartzberg at UBS is head ofStrategic Client Segments. People arethinking about how financial servicescan accommodate women rather thanone size fits all, which people are usedto putting out in terms of new products,services and client experience. You wantto have multiple entry points.
I also chair the Paris Fintech forum, which was able to
get off the ground last year. That’s a huge initiative to recruit
female founders to the industry. PwC did a big research report
on female tech founders. It was really interesting and global in
scope; it looked at the challenges and opportunities for women
in fintech programs.
Having the type of economy we have now, with more
and more of those in the next generation becoming
entrepreneurs — something like 26% — and this includes
Here’s a segment of “It’s Lonely at the Top — Why Peer-to-Peer Networking for
Financial Services CEOs Is Critical,” written by April Rudin for The Huffington Post in
2012, just after meeting Cheryl Nash for the first time.
While almost entirely comprised of men, there is an unmistakable “leave yourego at the door” attitude at Tiburon [CEO Summits]. It’s no wonder that so manybusiness deals happen here.
While most of the conference is made of structured meetings, you know thatmost of the real conversations are happening in hallways, breakrooms, restaurant,bar, etc. I can see the appeal for these high-level executives. They need a placeto find wisdom and friendship. It’s lonely at the top — where can a CEO turn forunbiased advice and camaraderie? Other top-shelf execs!
I would say that many of these industry titans see the value of Tiburon as aplace of comfort and kinship. It’s an opportunity for a true peer-to-peer networking experience like no other.
For these guys, financial services has been under tremendous scrutiny of late:
post-Madoff issues, housing crisis, bank failures and more, which are creating
even more pressure on financial services’ firms. There is new technology and
globalism that must be understood and leveraged. It’s no wonder that this year’s
Tiburon CEO Summit had record attendance. …
How about the women
of Tiburon? Who are they?
I was able to catch-up withCheryl Nash, president ofFiserv, a financial servicesindustry technology firm.
She remarked, “Tiburon isa place where I can catchup with the same peopletwice a year. Moreover, asa vendor to many of thesefirms, I am able to speakwith my own clients atthe most senior level.” When I asked Cheryl about the male vs. female ratio, shelaughed and said that it’s no different here. I joked with her about the short line atthe ladies room at financial services conferences and meetings!
What did I learn at the Tiburon CEO Summit? While it was terrific to listen tothe “state of financial services” as reported by Chip [Roame] and meet someinteresting and influential people, I learned something really much more valuable.I learned that everyone needs a safety net and a strong, supportive peer networkto go to for advice and conversation.
Learning never stops no matter what level you achieve. While counterintuitive,it’s probably more important as you rise up the corporate ladder and your responsibilities grow.