Voice of Experience: Elizabeth Nieto, Global Chief Diversity and Inclusion Officer, MetLife

The Glass Hammer is celebrating Hispanic Heritage Month by featuring profiles of Hispanic Women Business Leaders all week long!

“Women who have power can continue to push the envelope on women’s interests,” Elizabeth Nieto says. “We can complain about where we are or focus on what we’re achieving. Things may not be perfect in the corporate world, but we’ve accomplished a lot and we have to build from here. Our daughters are watching us and making decisions about their lives based on how we make decisions about our own lives.”

This perspective is what drives Nieto as she implements programs focused on building a diverse and inclusive workplace at MetLife.

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Voice of Experience: Sandra Aresti, Partner, PwC

The Glass Hammer is celebrating Hispanic Heritage Month by featuring profiles of Hispanic Women Business Leaders all week long!

Sandra Aresti, PwC partner, advises young professionals to enjoy the moment because time goes by so fast. “Don’t get caught up in the minute details,” she said. “Work hard, but also take the time to breathe, relax, and trust that your career is about the journey and not the destination.”

Career at PwC

“Despite an early interest in medicine, I knew in college that I wanted to pursue a career related to finance,” said Aresti.

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Voice of Experience: Maria Hackley, Managing Director, Global Financial Institution Group, Citi

The Glass Hammer is celebrating Hispanic Heritage Month by featuring profiles of Hispanic Women Business Leaders all week long!

Maria Hackley believes that women need to ensure they are as well prepared as their male counterparts to rise in the corporate world. Women and men are hired in almost equal amounts as undergraduates, but as they climb the ladder, the numbers change. “Be assertive in a respectful manner, but make sure your voice is heard,” she says.

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Voice of Experience: Paula Arrojo, Managing Director and Private Wealth Advisor, Investment Management, Goldman Sachs

Paul ArrojoThe Glass Hammer is celebrating Hispanic Heritage Month by featuring profiles of Hispanic Women Business Leaders all week long!

“Throughout my career, I could have taken the easy road, but I’m proud of myself for accepting a challenge,” says Paula Arrojo, managing director and private wealth advisor in the Investment Management Division at Goldman Sachs. “If you have good reasons to want to do something different or innovative and the risk is well articulated, Goldman values that ambition and desire to move forward,” she says.

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Voice of Experience: Kelly Williams, President of Private Markets, GCM Grosvenor

The pivotal moment of Kelly Williams’ career came when she was given the opportunity to step outside of her comfort zone and go in a completely new direction. “I started as a project finance lawyer in the private sector, where I was one of few women,” said Williams, who later took a position working in-house with Prudential Financial.

“Then I had the chance to move over to the business side because someone believed in me and recognized that I had the skills and ability to thrive in this new role in a different environment than what I was used to,” Williams continued.

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Movers and Shakers: Esther Yang, Vice President and Senior Trader-Derivatives at Voya Investment Management, formerly ING U.S. Investment Management

 

diverse women in the boardroomIn a recent round-table of derivative portfolio managers of the largest insurance companies, Esther Yang found herself being the only female among this male dominated profession. How did she get to where she is now?

Esther Yang did not have a conventional route to success in financial services. In fact, she didn’t begin college or her career with intentions of entering the field at all. However, Yang used her instincts and willingness to try new things to guide her into the position she currently holds.

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Voice of Experience: Carin Pai, Executive Vice President, Fiduciary Trust

When Carin Pai joined Fiduciary Trust 18 years ago in an associate- level position within the Investment department, she knew that she was an analytical person who had a strong creative side as well. These skills, along with a strong work ethic and circle of mentors have set a strong foundation for Pai’s rewarding career.

“I studied architecture at Brooklyn Technical High School and loved the combination of the artistic and technical elements,” explained Pai, who said she enjoys this same balance in her current role as executive vice president and director of equity management.

A Committed Leader

Throughout her career Ms. Pai has remained committed to broadening her investment management and leadership skills: in 2006 she became a Chartered Financial Analyst and then in 2011 she attended Harvard Business School’s Executive Education in Investment Management program.

Leading and managing her team of portfolio managers is one of the most rewarding aspects of her job, Pai said. She is especially proud of the fact that in spite of the market turmoil in recent years, she successfully guided her team and their clients through and the group is now reaching new highs.

Although she acknowledged that there can be challenges of leading a multi-generational team, Pai enjoys discovering new ways to be an effective leader and utilize the individual strengths and talents of everyone on her team. “It is a very dynamic environment where it is important to strike a balance between motivating senior professionals and mentoring the rising stars,” she explained.

According to Pai, the team-centric environment promoted by the leaders at her firm creates a wonderful company culture where everyone knows they are appreciated. “As many companies have been forced to make job cuts throughout the market downturn, Fiduciary Trust has emerged with new technologies, resources and talent to provide our clients with the best investment solutions,” she explained.

One of the newest investment avenues Pai and her team are following is ESG investing, which stands for Environmental, Social and Government investing. “ESG awareness can go a long way with investors who are committed to these issues,” said Pai. Right now, Pai is conducting extensive research in this area to gauge client interest. “If ESG is ranking high among our clients, then we will respond by dedicating more resources to this new alternative investment channel,” she added.

Another area of interest, Pai indicated, is to expand opportunities in the global high net worth markets, such as Asia and Latin America. “Asia, for example, represents one of the highest growth segments currently and we are strategizing on how to expand our presence in Asia,” Pai explained. She will be attending the Society of Trust and Estate Practitioners (“STEP”) Asia Conference in Hong Kong this fall in order to stay on top of Asia’s rapidly-evolving wealth management landscape.

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Movers and Shakers – Peg DiOrio, Vice President and Quantitative Analyst for the Portfolio Engineering Group at Voya Investment Management, formerly ING U.S. Investment Management

people at workWhen Voya’s Peg DiOrio describes the keys to her success overseeing quant for an entire group of investment managers, she uses a sailing analogy. “When you are part of a sailing crew, you have a job and you rely on others to do theirs. To be successful in business, you have to both respect and rely on your colleagues.”

Career Beginnings
Peg DiOrio taught high school math when she graduated college. As the newest teacher in school, she was assigned to some of the most challenging students. “One of my first classes was filled with high school seniors who were taking ninth grade math for the third and fourth time. They weren’t the most enthusiastic students, but it allowed me to try a lot of different ways to reach them. It taught me the importance of understanding my audience.”

In order to advance in the teaching profession, Peg had to get a masters degree. She enrolled in a then-new joint program between New York University’s Stern School of Business and the Courant Institute of Mathematical Sciences. DiOrio recalls, “Courant had long relied on training Department of Defense types in its masters programs.” When that source began to dry up, Courant looked for new opportunities for mathematical sciences and found it in the finance world. “I think the program is now called financial engineering,” DiOrio commented, but back then financial quant work was just getting recognized as a discipline.

There wasn’t a huge amount of academic work devoted to the finance and mathematics at the time, so she and her cohorts studied mathematical models from a range of other disciplines – physical sciences, social sciences, etc. “We studied models that described fish populations, neural networks and flu outbreaks.” She believes that applying math to a range of situations has been really useful in creating financial models that work in the real world.

“Finance is Just Math”
Peg’s study group at Courant included a student who was working at Sanford C. Bernstein. Her cohort’s commitment to developing models that accurately described the real world and his willingness to push for the best possible solution were inspiring. One day he told her, “You are smart. You should come work at Bernstein.”

Peg was intrigued, but a bit concerned that she lacked an understanding of finance. Her studies were in pure math and applied math. To that point her cohort said, “Finance is just math. You’ll figure it out.”

Learning Finance through Experience and Collaboration
Peg was assigned to work with a group of financial advisors who managed money for Bernstein’s high net worth clients. Part of her role was to run statistical reports for clients. “Some of our clients were unusual trusts – such as nuclear decommissioning trusts. It was a challenge because the goal was to have enough money to decommission the plant but not extra because additional funds would have to be returned to utility customers. It was also interesting because it was a time when decommissioning trusts were finally allowed to be invested in stocks. “We spent a lot of time looking at the right level of volatility.”

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Voice of Experience: Deborah Ong, Partner, Risk & Quality Leader, Corporate Responsibility Leader, PwC Singapore

Welcome the The Glass Hammer’s “Spotlight on Asia” week! We will be highlighting successful women working in Asia all week long!

Deborah Ong believes that enjoying what you do will help you work efficiently, gain opportunities and rise up the ladder. “I’m very fortunate that I enjoy my line of work, and so I’m still in the same company I first joined as a graduate!”

“I joined the firm on graduation as a trainee and was fortunate to receive many opportunities during my early years to gain exposure and experience in the whole gamut of development – from general audit to more specialized internal and IPO-related audit, to liquidation, insolvency and investigation,” she explains.

“I am very happy I got to contribute significantly to the People journey at the firm. As Human Capital Leader for ten years, my team and I worked very closely with the business to identify and retain talent, train and develop them to the future leaders of the organization. Personally, I am a strong believer in nurturing talent through a coaching culture and I’m proud to say that our mentorship programme is still going strong today.”

Another leadership role she has acquired is PwC Singapore’s Risk & Quality Leader. She still holds this role, which gives her the responsibility to understand and assess the risks associated with each of their service offerings.

Ong describes her journey as colorful. “During my time as the firm’s Human Capital Leader, the firm saw significant shifts in managing the people agenda. I’m glad that I was able to champion the firm’s training and development programmes, and to personally facilitate and share my experience on how to deal with some of the practical challenges of being in the profession with managers and senior managers. I’m a firm believer of nurturing talent through coaching, and I hope that I was able to encourage ongoing growth and development.”

“Being the firm’s Risk & Quality Leader, it is my job to understand and assess the risks associated with each of our service offerings, and with each of our clients. This involves judgment, which is not an exact science but which requires a mix of technical skill and practical experience,” she explains. She has the opportunity to interact with clients and to learn how they view and assess risk, and how they help their businesses solve difficult scenarios.

Career Challenges

Ong believes that most of women’s challenges in this industry are based on time management because their work is organized in projects, which creates tight deadlines and time pressure. “At a certain stage, some women may feel the need to make a choice between career and other aspects of their life, such as family or children, and select to give up their careers.”

To overcome this challenge, Ong advises women to “have the right conversations within the organization with the right people, exploring alternative roles and/or work arrangements and for each person to be aware of the value they bring to the profession.”

She advises young women who are entering the industry to learn developing project management and people management skills. “In order to progress up the career ladder, the support of your team is crucial,” she explains. “You need talented people who can deliver results in a timely manner, and this involves significant investment into their development.”

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Intrepid Woman: Dayle Haddon, Founder, WomenOne

Dayle1004_7MA10576007-0025 - Version 2By Hadley Catalano

Dayle Haddon is working to change the world, one woman at a time. The former model, of the 1970s and ‘80s L’Oréal and Estée Lauder fame, began with her own sovereign growth. An act that has helped reshape the cosmetic industry standards, challenged society-based definitions of ageless beauty, and culminated in a redefined commitment to active gratitude.

Haddon’s intrepid story of personal development began in Canada, where the Québécoise began her career with the ballet. She began modeling during her teenage years to help pay for her dance lessons and was soon discovered by Eileen Ford. The young Haddon pursued her modeling career in New York – even though her 5’7’’ frame and curly brunette look were starkly dissimilar from the early 1970s tall-blond beauty standards.

“I was always looking for ways to support myself, and it took me a long time to be successful,” explained Haddon, who was recently honored by the Girl Scouts of Greater New York as an extraordinary leader and role model. “However, at the height of my career, I was working with top magazines, top photographers, and had four major cosmetic contracts.”

While Haddon’s career wove through a variety of high-profile professions, including small acting roles for French and American films, she eventually settled in Paris with her husband and their young daughter. Then, unexpectedly in 1986 Haddon’s husband died, leaving her with little money or support. She returned to Los Angeles desperate to find work to support her teenage daughter.

“This was a life-changing event; losing someone close to me was a painful experience,” Haddon recalled. “But it was transformative. Challenges make you more than you are. You can’t control what happens to you, but you can control how you handle it.”

Redefining Beauty
Starting over, Haddon found herself at the bottom of the ladder. At the age of 38, she was considered “over the hill,” and not desirable to modeling agencies or her former cosmetic employers. After having worked as a top model, only to be rejected by her profession, forced Haddon into a desk job as an office receptionist – an unexpected but didactic situation.

“It was good for me to recognize at the time that this was a humbling experience. I knew I wouldn’t stay there. If you give me an opportunity, I will work it. Challenges are there to build character and to grow.”

Haddon’s passion for women’s advocacy began as she struggled to climb the “glass walls” back into the beauty and fashion industry. She longed to break down the stereotypical age-image barriers and change the perception of “older woman” from inside the industry. She formulated a campaign and pitched major cosmetic labels the image of evolving, age-defying beauty. After many rejections Haddon landed a job as the face of Estée Lauder’s new anti-aging line and later became the spokeswoman for L’Oréal’s Age-Perfect skin care. The career move, the New York Times later quoted, “shattered age taboos,” and helped to launch the careers of models over 40.

“We were on the forefront of something different, and (at the time) most beauty companies hadn’t caught up yet,” Haddon explained of the early 1990’s beauty-from-within movement. “I researched in libraries and found information that explained that the 43 million female Baby Boomers felt they were more vital than generations before. So I started my own company, Dayle Haddon Concepts.”

For the next 20 years Haddon continued her work in the beauty industry, bringing progressive change to the industry and promoting awareness of the inner and outer beauty of all women. Through her personal company, her contributions to CBS’s The Early Show, the Huffington Post and many other publications, and with her two books, “Ageless Beauty” and “The 5 Principles of Ageless Living,” she has provided women an outlet to explore a balance between their health, beauty, and overall well-being.

A Model Activist
However, central to Haddon’s upbringing was the reinforced message to “give back,” and with her high visibility providing a public forum to elicit change, Haddon seized the opportunity to express her gratitude by pursuing a social justice agenda. She became a UNICEF Ambassador in 2008 and traveled to Darfur to interview women in the camps, visited earthquake-ravaged Haiti to vaccinate newborns, and brought home stories from Angola about the lack of medical equipment in rural clinics. She shared this information in lectures, wrote articles for publications, and helped to raise money for children’s issues worldwide.

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