Outgoing FWA President Kimberly Weinrick Passes the Gavel to Incoming President Maureen Adolf

(r-l): Outgoing FWA President Kimberly Weinrick passes the gavel to new president Maureen Adolf

(r-l): Outgoing FWA President Kimberly Weinrick passes the gavel to new president Maureen Adolf

The FWA celebrated the successes and accomplishments of fiscal year 2013-2014 and new leadership was installed when the Financial Women’s Association held its Annual Meeting and New Member Welcome. During the exciting event hosted by TIAA-CREF, attendees came together to welcome some of the newest Members to the FWA; witness the official passing of the gavel from President Kimberly Weinrick to President-Elect Maureen Adolf; and highlight some of the biggest achievements of Ms. Weinrick’s presidency as the FWA nears its 60th anniversary.

FWA Leadership for the 2014-2015 year was selected and announced, along with speeches that highlighted the evolving vision and accomplishments of the FWA. Katrin Dambrot was elected president-elect; Kalinka Moudrova-Rothman, secretary; Julia Hollander Campbell and Merrie Frankel, new Members of the Nominating Committee; and Michelle Maybaum, treasurer for a second year. Ms Weinrick noted the generosity of AST Fund Solutions, LLC, which again donated its services to assist the election.

Members networking before the meeting

Ms. Weinrick, the FWA’s 52th President, summarized her presidential term’s priorities: capital markets, technology, leadership and mentoring. During the year the FWA featured several CEOs and C-suite executives, including forums with Jamie Dimon and Marianne Lake of JPMorgan Chase; Steven Kandarian and Marlene Debel of MetLife; and former Citi Chairman Dick Parsons and Sarah Smith of Goldman Sachs.

The FWA launched its fully re-imagined website, developed a LinkedIn group for its Next Generation Community, increased Facebook followers by 50% and Twitter followers to nearly 4,000. Additionally, the organization successfully piloted Members-only courses as well as continuing education credits offered by host partners.

“Through weaving our priorities across programming and events and returning to core competencies, we were able to not only elevate our level of programming via many C-suite speakers, but also successfully co-host events with multiple stakeholder partners and strengthen the FWA’s overall value proposition,” President Weinrick said. She also noted that the FWA enhanced its global agenda through the annual international business conference in Berlin, marking the 25th country for its international conferences. With more than 50 delegates, it facilitated meetings with Members of Parliament, CEOs, the Bundesbank and Berlin’s tech incubator The Factory.

(l-r): Past Presidents Anne Izzillo, 2011-12, Kimberly Weinrick, 2013-14 and Susan L. Harper 2012-13

In the community engagement space, the FWA worked to increase visibility and provided more granular metrics. Over the years, the FWA has reached more than 5,000 students and young professionals with mentoring and scholarships. This year the FWA celebrated its 30th Women of the Year Awards, honoring Martina Mejean-Hund, CFO of MasterCard and Vicki Fuller, CIO of the New York State Pension Fund. The FWA also returned its Microfinance Giving Program to a scholarship-based program with ACCION and Harvard Business School. In addition, it created an important, new initiative, the FWA for Women Veterans: Serving Women Who Served.

President Weinrick closed her remarks by emphasizing the strong collaboration with the incoming president, as well as the remarkable partnership with the FWA Office, specifically with Interim Executive Director Karen Karpowich. Ms.Weinrick also announced that accomplished industry leader Jennifer Openshaw, will become the FWA’s Executive Director in mid-July; Ms. Karpowich and Ms. Openshaw will ensure a smooth transition over the weeks that follow. All of these efforts work in conjunction to accelerate the leadership and advancement of women across the financial services industry and beyond.

Member Alyce Mayo with Interim Executive Director Karen Karpowich

Upon acceptance of the gavel, President Maureen Adolf outlined some of the key initiatives she will be focusing on during the coming year. Not only will the financial services industry continue to face economic, regulatory and financial constraints, it will also continue to encounter huge risks related to cyber threats, ever-changing regulatory requirements and geopolitical obstacles, she noted.

President Adolf also detailed what the future holds for the FWA related to the surge in use of social media and other forms of innovative technology, revenue growth, the evolution of next-generation programs, and re-imagining the Annual Dinner. “I’m looking forward to an exciting new year,” she said.

Members Elizabeth Powers, Deborah Kaye, Riva Kinslick and Martha Clark Goss networking

The new fiscal year begins with the succession in the Executive Director’s office. Interim Executive Director Karen Karpowich commented, “I want to thank you all for your support. I have learned a great deal in my two years as your Interim Executive Director. We all have common challenges and how we meet those challenges is what the makes the role of the FWA important in our lives…I have helped the FWA set the stage – I am proud to say that it is ready for its next act.” Ms. Karpowich concluded.

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