Bank of America’s Cathy Bessant has earned first place in an annual ranking of 50 top financial sector tech professionals by Institutional Investor magazine.
Bessant, who sits in Bank of America’s Charlotte headquarters, is head of technology and operations for the bank, a role she’s held since 2010. A direct report to CEO Brian Moynihan, she oversees a workforce of roughly 100,000 employees and contractors worldwide, including about 6,000 in Charlotte.
Bessant is one of four women in this year’s class, which Institutional Investor describes as making financial services “faster, cheaper, bigger. ” Executives for Citigroup, Goldman Sachs and Wells Fargo are also on the list released this week.
In its recognition of Bessant, the publication notes that Bank of America now has 20 million active mobile-banking customers and was awarded more than 250 patents last year – more than any other financial services company.
Since first appearing on the list at No. 14 in 2011, Bessant has moved up in the rankings every year. Last year she was second.
Bessant is only the second woman to earn the No. 1 spot, according to Institutional Investor, which has produced the rankings for 16 years.
The first, in 2010, was Heidi Miller, then-JPMorgan Chase & Co.’s international president.