Investment banking, with its fast-paced environment and high-stakes decision-making, has long been viewed as a male-dominated industry. However, the narrative is changing. Women at all levels in investment banking are proving that success comes from diverse approaches, perspectives, and leadership styles. Today, the presence of high-profile senior women and a growing pipeline of talented female professionals underscores a powerful truth: building a thriving career in investment banking is not determined by gender; but by caliber. This article celebrates those women in investment banking, who are redefining success and paving the way for future generations.
Trailblazing Women in Investment Banking
Women in investment banking have broken barriers and proved that success in this demanding industry is achievable with resilience, skill, and vision. Here are some remarkable leaders making waves in the field:
Geraldine Keefe – Partner, Co-Head of Midwest Investment Banking, Goldman Sachs (Chicago)
Geraldine “Gerry” Keefe has built an impressive career at Goldman Sachs, where she has worked since joining as an analyst in 2000. Now a partner and co-head of Midwest Investment Banking, Keefe focuses on the defense sector. In 2022, she played a pivotal role in the high-profile deal between United Technologies Corporation and Raytheon. Holding a Harvard MBA and a master’s in engineering from the University of Bristol in the UK, Keefe exemplifies how strong technical and strategic skills can lead to significant achievements in banking.
Anu Aiyengar – Co-Head of Global M&A, JPMorgan (New York)
Anu Aiyengar leads JPMorgan’s global mergers and acquisitions division, a role that demands exceptional expertise and leadership. Born in India, Aiyengar immigrated to the U.S. as a teenager. Early in her career, she faced cultural challenges, admitting she struggled to adapt to professional norms such as dress codes and presentation styles. Overcoming these hurdles, she has excelled in her field, with JPMorgan CEO Jamie Dimon calling her “simply outstanding.” Aiyengar’s journey underscores the importance of adaptability and perseverance.
Karen Cook – Chair, Investment Banking Division, Goldman Sachs (London)
Known as the “Queen of M&A,” Karen Cook is a veteran in investment banking. Currently co-chair of Goldman Sachs’ investment banking division, she focuses on managing key client relationships. Cook has six children and began her career in the UK Foreign Office before finding her calling in banking. Her journey challenges the notion that investment banking is exclusively for the young, as she continues to thrive in her career at 68 years old.
Catherine Bessant – Chief Operations and Technology Officer, Bank of America
Catherine Bessant’s career spans four decades at Bank of America, where she has held numerous leadership positions. Her current role as Chief Operations and Technology Officer highlights her ability to adapt to the evolving intersection of technology and banking. From leading global corporate banking to overseeing consumer real estate, Bessant’s versatility and dedication have been instrumental in shaping Bank of America’s success.
Susan Huang – Co-Head of Investment Banking, Morgan Stanley
Susan Huang’s tenure at Morgan Stanley began in the early 1980s, where she started as a financial analyst after earning her bachelor’s degree in history. Transitioning to the M&A division in 1990, she quickly became a key player in transformative deals, including GE’s oil and gas merger with Baker Hughes, Mars’ acquisition of VCA, and Pfizer’s acquisition of Wyeth. Huang’s expertise and commitment have made her an influential figure in investment banking.
Kim Posnett – Co-Head of One Goldman Sachs
Kim Posnett took on the role of Co-Head of One Goldman Sachs in 2021, where she focuses on integrating the bank’s business divisions and enhancing its service to top clients. She also continues as head of investment banking services, managing a vast network of advisory relationships. Posnett’s dual roles demonstrate her exceptional ability to navigate complex challenges while driving innovation in client service.
Miranda Zhao – Head of M&A, APAC Region, Natixis Partners
Miranda Zhao has established herself as a force in the competitive world of mergers and acquisitions. Before joining Natixis Partners in 2020, she served as Global Head of M&A at China Everbright Capital Limited, a key investment vehicle for the Chinese government. Her extensive experience includes roles at Morgan Stanley, Merrill Lynch, and RBS, where she honed her expertise in deal-making. At Natixis, Zhao focuses on cross-border M&A in the APAC region, leveraging her deep understanding of both Western and Asian markets.
Heather Mitchell – Global Counsel for Investments, Carlyle Group
Heather Mitchell is among the few women at the managing director level at the Carlyle Group, one of the world’s largest private equity firms. Since joining in 2019, she has made a significant impact, working on over 70 deals in her first year alone. Mitchell’s responsibilities span legal due diligence, deal structuring, valuations, and post-acquisition planning, in addition to leading Carlyle’s EMEA operations, where she oversees a team of 300 employees. Her remarkable multitasking ability and leadership skills make her a standout figure in both private equity and investment banking.
Looking Ahead
Aspiring professionals can draw inspiration from these leaders and pursue opportunities to develop essential investment banking skills, such as financial modeling, deal structuring, and client negotiation—confidently navigating their investment banking career path. With continued efforts, the industry can create a future where leadership in investment banking reflects the best of all abilities, fostering an environment of opportunity and equity for all.