Westpac's Gail Kelly moves up to 56th place on Forbes most powerful women list

Westpac's Gail Kelly moves up to 56th place on Forbes most powerful women list
Westpac's Gail Kelly moves up to 56th place on Forbes most powerful women list

The most powerful woman in finance in Australia, Gail Kelly has been ranked 56th most powerful women in the world, by the latest Forbes list.

Leading Westpac, Australia's oldest and second largest bank with $651.4 billion in assets and more than 36,000 employees, Kelly moved up from 62nd place in the 2013 most powerful woman in the world list.

Forbes noted Kelly, not quite satisfied when she met her goal -- two years early -- of having women fill 40% of top managerial positions at Westpac, that she recalibrated the target.

"Now she aims for half of the bank's top managers to be women by 2017, the same year that it celebrates its 200th anniversary.

"Gender equality isn't the only benchmark to rise under her leadership this year, either.

"The bank's net profit climbed to $3.36 billion in the six months through March from $3.05 billion a year earlier."

In 2013 Forbes wrote she’s the pinup girl for corporate Australia in a country where the dearth of female executives heading big companies causes much angst.

Back in 2010 the annual Forbes magazine list of 100 powerful women saw Ms Kelly improve her ranking from 18th to eighth.

She debuted in 2008 as the 11th most powerful woman in the world, the year that Ms Kelly became the CEO of Westpac.

Westpac could soon be the first Australian brand to launch ads on Facebook's premium video ads product with the bank talking up the power of the medium, according to Adnews..

Australia's wealthiest person, mining magnate Gina Rinehart, ranked 27th this year, after achieving 16th place on last year's list.

Julia Gillard was in 28th place on last year's list, but out of the top 100 in 2014.

The German Chancellor, Angela Merkel, has been named the world's most powerful woman for the fourth year in a row.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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Finance

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