3. Chanda Kochhar
• Chanda Kochhar
The financial services sector is dominated by women in India.
As many as 54 per cent of the women CEOs are, according to
EMA Partners, in financial services.
• Chanda Kochhar is among the leading women in India's
financial services sector. She took over as managing director
and CEO of ICICI Bank from May 1, 2009.
• According to Chanda Kochhar who was appointed as ICICI
Bank's new chief executive officer, companies must consider
merit and not be biased to any gender and women should not
expect to be treated differently in any field.
•
Image: Chanda Kochhar, CEO and MD, ICICI Bank
4. Chanda Kochhar
Compensation for 2009
Salary 16,157,814.00
Bonus 0.00
Other Annual Compensation 0.00
Long term incentive plan payouts 0.00
Restricted stock awards 0.00
Security underlying options 180,000.00
All other compensation 0.00
Option awards 0.00
Non-equity incentive plan compensation 0.00
Change in pension value and nonqualified deferred
0.00
compensation earnings
Total Compensation 16,337,814.00
6. Shikha Sharma
• Shikha Sharma
Shikha Sharma heads Axis Bank. Shikha Sharma
worked with the ICICI group for 28 years. Sharma is
credited for the bank's growth in personal financial
services.
• "Amongst private and foreign banks, women almost
outnumber men. This has been helped in no mean
measure by women from ICICI Bank who have joined
other financial institutions in recent times," said EMA
Partners managing partner K Sudarshan.
•
Image: Shikha Sharma, CEO and MD, Axis Bank.
8. Kalpana Morparia
• Kalpana Morparia
• Kalpana Morparia is the country head of
JPMorgan. Morparia worked for 33 years with the
ICICI Group. She became a part of the board of
directors in 2001, and later became joint managing
director at ICICI Bank.
• Morparia was instrumental in developing ICICI's
well-diversified financial services business.
•
Image: Kalpana Morparia, country head of
JPMorgan
10. Renuka Ramnath
• Renuka Ramnath Former chief of ICICI Venture Renuka
Ramnath launched the Multiples Alternate Asset Management
in 2009.
• Multiples is raising their first private equity fund targeting both
domestic and international institutional investors and ultra
high networth individuals.
• The target size is approximately $400 million. Multiples
Alternate Asset Management will make sector-agnostic
investments in India.
•
•
Image: Renuka Ramnath
12. Naina Lal Kidwai
• Naina Lal Kidwai Naina Lal Kidwai is the CEO of
Hongkong and Shanghai Banking Corporation Limited,
India. Fortune magazine listed Kidwai among the
World's Top 50 Corporate Women from 2000 to 2003.
She has been awarded with Padma Shri, one of
India's highest civilian honours.
• According to various studies and EMA Partners'
estimates, there is no shortage of female talent. In
Germany, over 25 per cent executives are women, in
the UK more than 30 per cent and in France over 35
per cent. In board appointments, the numbers decline
further.
•
Image: Naina Lal Kidwai, CEO, HSBC
14. Meera Sanyal
• Meera Sanyal
Meera Sanyal was appointed as CEO of ABN Amro Bank in December
2007.
• Sanyal was working as corporate executive vice president and head of
services (Asia) of ABN Amro. She was earlier the chief operating officer of
the bank.
• In Germany, just over 10 per cent of board members are women, according
to EMA Partners. In France, it is as low as 7 per cent.
• To address this imbalance, some countries have insisted on minimum levels
of board female members. Norway, in 2004, inaugurated a quota system
stipulating that 40 per cent of the board of a publicly quoted company
should be women otherwise that company could be delisted. In 2007, Spain
decided to go the same way.
• The Royal Bank of Scotland took over ABN's assets globally, including in
India, early this year.
•
16. Manisha Girotra
• Manisha Girotra Manisha Girotra heads UBS in
India. Girotra has over 18 years of experience in
investment banking. Girotra has worked on the
privatisation of the Indian Petrochemicals
Corporation, Tata-SIA's bid for Air India and
Scottish & Newcastle's investment in the UB
group.
• Ashu Suyash heads Fidelity Fund Management. In
the Fortune 500 list, only 7 per cent women CEOs
are from financial services.
•
Image: Manisha Girotra, MD, UBS
18. Kiran Mazumdar-Shaw
• Kiran Mazumdar-Shaw
• Eleven per cent of the Indian women CEOs
are in the media and another 11 per cent in
pharmaceuticals.
• Thus, Kiran Mazumdar-Shaw is the
chairman and managing director of Biocon
and Villoo Morawala Patelis the founder,
chairman and managing director of
Avesthagen.
•
Image: Kiran Mazumdar-Shaw, MD, Biocon.
20. Indra Nooyi
• In the Fortune 500 list, in contrast, 48 per cent of
the women CEOs came from FMCG and
consumer durables. Manufacturing and IT & IT-
enables services returned 13 per cent each.
• Sudarshan said the IT and IT-enabled services do
not have many women CEOs because it requires
a fair amount of travel to on-site locations. It also
comes with the pressure of working through
multiple time zones.
•
Image: Indra Nooyi, CEO, PepsiCo
