Why Women are Positioned to Thrive in a Rapidly Changing Banking Industry

Virginia Bankers Association’s Women in Banking Conference

Women have unique talents that make them especially capable of leading in this time of great disruption to established business models in banking. Women have long been underrepresented in traditional power structures (which still exist in many banks). But here is a surprising twist: those barriers to leadership positions have actually helped to shape how women lead. Women lead in different ways than men – ways that are now in high demand as companies struggle to adapt to changes in workforce profiles, customer demands, and the digital marketplace. Generally, women tend to lead in ways that are more collaborative and empathetic and tend toward group problem-solving versus individual problem-solving. These leadership characteristics (and others we will discuss) are well suited to the wave of challenges facing the industry today, including the need for greater transparency, more customer‐centric business models, and the rapid rise of millennials in the workforce.

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