Manulife Bank of Canada’s Post

In a couple of years 2 of the 5 largest banks in the U.S. will likely have a female CEO. In Canada, the likelihood that one bank will have a female CEO is slim. Yes, there are a number of females as part of the executive teams at our big banks. However, to have a shot at the big chair you probably need to being running a business line. I don't think they will be elevating the head of HR, Legal or Technology to be the next CEO. So, with that in mind, how do our big 5 Canadian banks fare in this regard. BMO - 1 out of 5 BNS - 1 out of 4 CIBC - 0 out of 3 Royal - 0 out of 3 TD - 1 out of 4 I think there is room for improvement. #banking #leadership #ceomaterial #equality

In the Asia-Pacific region, Singapore stands out as a favored destination for high net worth individuals seeking to safeguard their wealth. The surge in family offices and private wealth has prompted insurers to pivot their attention towards this discerning segment. Companies are now keen on tailoring bespoke insurance offerings and leveraging cutting-edge AI and technology. Agency training programs are placing a greater emphasis on holistic financial planning, moving beyond the traditional 'product-pushing' approach prevalent in the market. Another key trend to note is the growing shift towards complex asset structures and investments. This has also resulted in companies hiring people with broader market perspective, adept at serving both the mass market and high net worth clientele. Are you keeping up with the trend? #foodforthought #insurance #highnetworth #financialplanning

The question is - does this surprise you? It is 2024 and there is this persistence of gender disparities in leadership roles underscores a disheartening truth: despite decades of advocacy and purported progress, women continue to encounter formidable barriers in ascending to positions of power. The prevailing sentiment in the market reflects a palpable frustration, as evidenced by stagnant statistics concerning pay equity and the representation of women on corporate boards and in leadership roles. Without meaningful interventions to dismantle these entrenched biases and systemic inequities, the promise of gender equality in leadership remains elusive, perpetuating a cycle of missed opportunities and unrealized potential.

Paul Thwaite has been appointed by the Board of NatWest Group as CEO 👏 👨💻 Paul Thwaite, NatWest Group CEO said: “I want to thank the Board for their support and the opportunity they have given me. It’s an honour to lead what, I believe, is a great business, which plays a vital role in the lives of the 19 million customers we serve. With that, comes a great sense of responsibility to succeed for our customers, colleagues, and shareholders. Our customers’ needs and expectations are changing at pace, as they engage with emerging technology, adapt to new social trends, and build ever more resilience to a fast-evolving world. I believe that NatWest, with its heritage, leading customer businesses, deep regional connections and financial strength, can be a trusted partner to customers during a period of change. It is an exciting time for our sector and our bank. I am confident we can shape the future of NatWest to deliver its full potential.” Find out more on the link below! 👇 Katie Murray Eoin O'Connell Kate Phillips Jürgen Pulm Wendy RedshawKen Johnstone James Hodgson Victoria Cleverley Mark Brant Angela Byrne Matt Camichel Scott Marcar Rob Taylor Siobhan Boylan Zachery Anderson Margaret Jobling Stephanie Melrose Lucy Chislett #natwest #ceo #chiefexecutiveofficer #bankingnews #financialservices #emergingtechnology #fintech #bankingindustry #natwestgroup #businessbanking #consumerbanking

Switching banks really isn't difficult. I recently changed banks when RBC took over HSBC. HSBC was a great bank and unlike TD Canada Trust, they never engaged in blatant money grabs like when TD tried to raise the interest on our HELOC due to "market conditions." After threatening to leave TD if they didn't restore the rate that we signed up for, they basically shrugged their shoulders and we spent the next 18 years banking with HSBC. Then came the RBC takeover. There is no way I'm handing my life savings to Canada's largest financer of fossil fuel projects. Buh-bye RBC. Watch this video and let your bank know that you'd really like your children to live in a world that isn't traumatized by climate disasters and related social and economic pain. RBC #bank #climateemergency #parisagreement #netzero #commitment #greenwashing https://lnkd.in/gwCtEYTd

I don’t typically comment on comments, but there are women doing the heavy lifting on my post right now, and I can’t leave them hanging. Every time I report a story on women in finance, I get comments (predominantly from men) like these that completely miss the point and exemplify why we need International Women’s Day and thoughtful coverage of women in leadership in the first place. The point isn’t to promote a woman for the sake of it. The point is that, despite the fact that women make up more than half of all bank employees, there still hasn’t been a female CEO. That prompts the question — After decades of promises, why haven’t companies sufficiently addressed the systemic issues that are keeping women out of the CEO chair and C-suite roles? #banking #womeninbusiness #succession

Finally some clarity on CIBC's succession plans after a top contender left last year. Dodig's in his tenth year, and there were questions as to whether the bank would have to go external The answer, for now: Three internal candidates are top of mind https://lnkd.in/gPjqxD2p #banking #successionplanning

To those who celebrate, Happy Lunar New Year! 2024 is the Year of the Dragon, which symbolizes good fortune, strength and power. May the Year of the Dragon bring strength and good fortune to realize your goals, reach new heights and enjoy success. Wishing you a year of prosperity, wisdom and wellbeing. #LunarNewYear #YearOfTheDragon #CitiPrivateBank #WealthManagement

Last week marked a crucial moment for Scotiabank, as our CEO, Scott Thomson, and the leadership team unveiled "The New Way Forward" a strategic plan for the upcoming years. This initiative revolves around four key pillars aimed at reinforcing the bank's market position: (1) becoming the most trusted financial partner for clients, (2) fostering sustainable and profitable growth, and (3) maximizing shareholder return. The four pillars are: 1.      Grow and scale in priority businesses. 2.      Earn primary client relationships. 3.      Make it easy to do business with us. 4.      Win as one team. While each pillar is vital, I want to emphasize one that has particularly captured my attention: "Make it easy to do business with us." This pillar focuses on enhancing the client experience with our products and services. I'm thrilled to note that my team will play a pivotal role in implementing this strategy. By leveraging data and information, we can identify customer pain points and create memorable 'wow' moments at those key moments for our customers, what I like to refer to as 'Moments of Truth'. I look forward to bringing my knowledge and experience to bear in support of this strategic vision, "The New Way Forward". Scotiabank Scotia Wealth Management #finance #banking #customerexperience #engagement

📰 Excited to share this American Banker article highlighting the remarkable female CEOs in the banking industry. 👩💼💼 While celebrating these achievements, it's crucial to address the fact that less than 5% of publicly traded bank CEOs are female. 📉 Let's inspire positive change in 2024. How are you contributing to fostering a more inclusive environment and empowering female leaders in the banking sector? I’ll be focused on continuing to advocate for broader industry exposure and connections for the talented female leaders in my network. Would love your ideas in the comments. 🚀💬 #BankingLeadership #EmpowerHerLeadership