] Mary Callahan Erdoes
is having a great week. First The Washington Post
calls her a "quiet force in asset management" and then American Banker
names her "the most powerful woman in finance."
The Washington Post's
Dawn Kopecki writes that Erdoes, 46, showed a talent for managing money early on, helping her grandmother balance her checkbook. Now she oversees $2.2 trillion as chief executive of JPMorgan Asset Management, keeping a low profile in comparison to the more boisterous JP Morgan Chief Executive Jamie Dimon
, Kopecki writes.
James Staley, who was head of asset management at JP Morgan as of 2009, said of Kopecki, "The private bank was a pretty demoralized place…Amid the sea of empty desks, this one young woman was always there."
Maria Aspan writes that Erdoes is a "pillar of stability" at a company that has rotated executives through various parts of the business. She's also becoming more influential as asset management and more mass-market incarnations become more and more important to the banking industry as a whole, Aspan writes, and JP Morgan is leading the charge.
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