Kacy J. Gambles, SVP Regional Manager of Investment and Fiduciary Services for the East Bay and San Jose California Regions, Wells Fargo Private Bank

Kacy J Gambles“Be bold, be brave and just be you. Don’t shrink to please the people around you,” says Wells Fargo Private Bank’s Kacy J. Gambles.

Kacy always had an interest in two things: people and numbers.  When she thought about career choices she wanted to marry these two interests together.  The discussion of finances was not exactly dinner table conversation, however through the perseverance and ‘scrappiness’ of her mother, Kacy was exposed to different job functions within the financial industry.  Ultimately she was led to wealth management when she stumbled upon an advertisement to study for the CERTIFIED FINANCIAL PLANNERTM designation.

Kacy started her career at PNC Bank in Pittsburgh, PA in 2003 and held a number of positions in the company’s wealth management division, from an associate trust advisor & portfolio manager to a product manager covering the separately managed accounts and alternative investments platforms.  Ultimately, she knew she enjoyed the client-facing side of the business and made the decision to obtain her MBA at The Tuck School of Business, Dartmouth College.  In 2009 while finishing her MBA at Tuck, and attending the National Black MBA Association (NBMBAA) annual conference, she crossed paths with one of Wells Fargo’s senior leaders who invited her to join his California based team in the Private Bank in an investment management development program. She has served as an investment strategist managing high-net-worth clients’ portfolios and then moved into management as a regional investment manager.  This path led to her 2017 promotion and her present day role as SVP leading a team of experienced financial professionals who help clients work toward their unique goals by providing investment management, trust and estate services, as well as specialized wealth services including legacy planning, real estate asset management, philanthropic, and business advisory services.

Being an African American executive, Kacy discusses her journey in the financial services industry and how proud she is to be navigating the journey as a woman of color every day, and acknowledges the power of sponsors who have advocated for her along the way.

“There aren’t many individuals who look like me and I have been able to navigate this industry with the support of great individuals of all types who took an interest in my career and my success.”

Gambles is keen to distinguish the difference between mentors and sponsors and urges people to understand the power of a sponsor who can truly advocate for you at the table where you are not seated. She believes more courageous conversations are the key to seeing change in the industry and in the need to advocate for hiring people with non-traditional backgrounds. And, that people should raise their hands to be matched with mentors and sponsors. She opines that Wells Fargo has a great programmatic approach to supporting women in the firm that she feels she has benefited from along the way.

“There is so much value in mentoring as it is a two directional relationship where both sides get to learn and address unconscious biases.”

She recounts recently going to a Tesla showroom and servicing shop and finding herself surprised at the number of female engineers; an example whereby we can all be caught unaware of the unconscious bias that can lurk in our brains if we are honest with ourselves in recognizing it.

Being a good manager is important to her and creating a team where people can be themselves is a continual goal of hers and she works to create space for all people to be themselves.

“When someone says thank you for listening and letting me be my authentic self and to be visible, I feel very proud. Diversity and ultimately inclusion means people can come to the table and feel like they are heard and this goes for ethnicity, gender, sexual orientation and even mental health diversity which is increasingly recognized.”

Change Agent

Inspiring and humble, Kacy is clearly motivated by being “the voice and the change” as she puts it “within the community and internally within the team”. She explains that a village helped raise her and she believes that coaching, inspiring, mentoring, developing and giving back is important to her in the work that she does inside and outside the firm.

“I am excited to be a change agent as how we (Wells Fargo) are seen in the community is important both in doing the best work to meet the wealth management goals of clients, and in solidifying an organization with great team members so that people can continue to believe in the organization.”

Kacy energetically talks about the increase of women owned businesses and within that the number of African American and Latinx women who are changing the lending culture by virtue of being the job creators and the product leaders in communities. She is excited by millennials and how they approach their careers and what their wealth needs will be in the future.

Tenacity on the Journey

Kacy reiterates tenacity as a trait that is helpful in building a career recounting that she got a lot of “no’s” but she chose to hear these as “not now” instead. She emphasizes the importance of being the owner of your career and figuring out the pathways to get more “yeses”. She believes that some barriers are organizational and can change with processes such as panel-based decisions in hiring but is forthright that individuals can self- impose their own limitations and believes that a “can do” attitude is crucial for success.

Kacy relays her advice that she would give to her younger self, “I tended to be quieter in meetings and I wish I had taken more chances.  I was once advised that  when someone thinks you are ready for an opportunity don’t insult them by saying you can’t. Now I realize that my advice to others is that you always can. You have the skills, resources, and examples.  If you don’t see it then you can become the light for the people behind you.”

Outside of work she offers that her spiritual side is her foundation and that she was raised by strong women who remind her where she came from and keep her humble and that she has to “pull people up with me”.

Kacy enjoys travel with a philanthropic twist as a volunteer for Habitat for Humanity.

“I always leave feeling that the people building the houses get more than we give on these trips as it is the human side of connecting that matters and love still abounds and we as humans are resilient. It is very humbling.”

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Melandee Jones Canady, Delivery Executive, AARP

Melandee Jones CanadyOver the years, AARP’s Melandee Jones Canady has learned that if you’re not upfront about letting people know your accomplishments, it opens the door for others to create your narrative on your behalf.

“I wish I had been more vocal early on; I was a doer quietly performing my work, until someone pulled me aside and said I needed to start broadcasting more of my achievements.” That helped raise her profile, which is paramount to success in any career.

A Career Based on All Paths Taken

The unifying thread behind Canady’s career is that she believed in seizing opportunities and seeing where they could take her. The result has been a successful marriage of technology and business skillsets, aligned toward making life easier for the customer.

An IT executive with 20 years of experience, she follows in the footsteps of her father, who sparked her interest when he would discuss his work with data centers and mainframes at the dinner table. She studied law and technology, and subsequent internships at IBM, Lockheed Martin and Allstate solidified her interest in technology, while opening her eyes to all the different opportunities in the field.

She started her career with Enovia , which had a rotation program that exposed her to a wide variety of skills, from client/server development to software testing.  It was testing where she discovered “that she was great at breaking things and handing them off for someone else to fix them.” Eventually she left for the world of consulting, then worked on an international project for a reinsurance company and finally settled into financial services.

Canady joined Ally Bank, where she was impressed with the innovative ideas they were launching. She was part of its rebrand as a direct bank, where she was able to use her skills to create seamless and secure technology, which she realized was the only chance to make an impression on customers when there’s no brick-and-mortar presence.  While there she earned her MBA and moved from systems analysis to a business-oriented role that bolstered her understanding of voice of the customer as she partnered to find out their needs and desired outcomes.

Soon she was recruited by a consulting company to support TIAA (then TIAA-CREF) which also wanted to set up a direct bank, as she was one of the few with the skillset. Eventually she decided to move to Washington, D.C., and worked with Deloitte Consulting specializing in systems integration, which she says was among her most satisfying work stints, given the many new experiences and opportunities to adapt what she had learned over the years in a client-facing role.

Almost four years ago, she was recruited to AARP where she interfaces between the technology departments and business partners to bridge gaps. “Working for an association gives you a fascinating view into how you can serve your 37+ million members, compared with working for shareholders,” she says, adding that it perfectly combines her background in voice of the customer and business outcomes as she serves its members and the community at large.

Today she is helping launch programs around artificial intelligence (AI), specifically working on the first level of Robotic Process Automation (RPA) to help make AARP more efficient. “With almost 38 million members and only 2,400 employees, it’s a puzzle to figure out how to support everything. RPA can automate rote tasks to allow staff to work on more exciting projects,” Canady explains.

While she’s had a number of satisfying professional experiences, she also counts among her achievements some of the programs she’s been involved with outside of work, such as testing software with the United Nations, along with a wide variety of mentoring and training efforts she’s helped with, including both formal and informal affinity groups.

One that she has particularly enjoyed is Black Data Processing Associates (BDPA), along with a Women in Technology group set up by her former boss at AARP. “As a female CIO, her goal was to show how others can follow in her path, which has opened doors and created conversations that otherwise wouldn’t have happened,” she says.

Helping Others Grow

And that often leads her to give advice to younger professionals. One of the first things Canady tells them is that it’s OK to stand out. “I’ve been on numerous teams where I’m the only woman, the only African American, or even the only American.” She finds there is still a persistent perception of what a “technologist” looks like. “People expect you to look a certain way or have a certain background, so I work to dispel that myth and emphasize we are all different,” she says. And she adds, that’s important for business success, too, since the more diverse teams are, the better the outcomes.

She also thinks it’s important for women to realize that career pivots are not just normal, they are often better. “It’s fine to remember what you wanted when you were first starting, but it’s wise to realize that your end game might change—and it might end up even better than you expected.  The key to that is perseverance: Don’t let others discourage you; if there’s an assignment you want, raise your hand,” she says.

With her husband and two small children—a two-and-a-half year old daughter and nine-month-old son—Canady stays busy on the homefront, traveling and just being together. But she still finds time to give back, participating in a Giving Circle where they pool money to make more of an impact for local charities, and as a member of the Junior League.

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Claudine A. Chen-Young, Partner, Katten

Claudine A. Chen-Young“What drives me is the impact I can have on other people,” says Katten’s Claudine Chen-Young. While she notes that there are very few people like her—a woman of color—who have achieved the rank of partner at a large law firm and in the male-dominated financial sector, it wasn’t until her appointment was announced that she grew to realize the significant impact she had on others.

“It was remarkable how many young female associates even from outside of my group sent emails or called to congratulate me. It was really an ‘aha’ moment because I hadn’t recognized just how much of a role model I was for them,” she says.

That led her to focus her attention toward mentoring and sponsoring women associates in meaningful ways on a broader scale, an emphasis she continues today.

Ability to Pivot Leads to Success

Currently a structured finance and securitization partner at Katten, throughout her career Chen-Young has successfully navigated industry highs and lows—from surviving the financial crisis to developing and executing sophisticated deal structures and innovative transactions. She credits her professional resilience and ability to thrive during economic downturn to the personal relationships she had built and her track record for providing valued counsel, combined with a willingness to reinvent the types of transactions she could handle.

“Very quickly I was able to provide different services that were broader in scope than what I’d been doing before, and that ability to adapt and reinvent myself was critical to my success,” she says.

As partner, Chen-Young has extensive experience with securitizations of all types of residential mortgage loans and mortgage-related assets. In addition to securitizations, she advises issuers and underwriters in connection with a range of asset financings as well as asset purchase and sale transactions.

Looking at Diversity Through a Broader Lens

To Chen-Young, diversity means cultivating a culture of inclusion and empathy, which starts by looking past similarities and differences in one another. “We can understand others’ experiences without them being exactly like ours,” she says.

To that end, she says there is a propensity to try to get matched with a mentor who’s just like you, but that’s not always necessary. Instead, she believes that others should follow in her footsteps: “I wanted the mentor who would take me under his or her wing and champion my development substantively and professionally, regardless of our other similarities.”

She acknowledges that while having mentors and sponsors is important, she says that women should go a step further and search for a “champion.” Chen-Young said, “Especially at a large law firm, it is critical to have someone with a high profile either internally or externally facing with clients who takes an interest in you—that’s the type of person who will propel you forward in ways that others cannot.”

Community Outreach Enriches

Chen-Young is proud to be a 2019 Fellow of the Leadership Council on Legal Diversity (LCLD), an organization of more than 300 corporate chief legal officers and law firm managing partners committed to diversity in the legal profession. In her involvement with LCLD, she also mentors first-year law students in their 1L LCLD Scholars Program, underscoring the value of pairing more experienced legal professionals who can share their advice and help aspiring young lawyers avoid pitfalls.

Among the wisdom she shares with younger professionals is the importance of speaking up, rather than waiting to be asked. “It might seem safer to stay under the radar rather than taking a risk, but you elevate yourself by being proactive,” she says.

And she adds, it’s not just what you say, but how you say it. “Your delivery alone can change whether someone perceives you as competent or skilled. Unfortunately often we think we’re being polite when we apologize or take ownership of a mistake, but we’re really just highlighting it in a way that men wouldn’t,” she says.

Chen-Young is an avid supporter of Katten’s participation in The Mansfield Rule, a program that aims to increase representation of female and diverse lawyers in law firm leadership. She is also an active member of Katten’s Women’s Leadership Forum, which supports the advancement and retention of female attorneys by offering mentoring, skill-building opportunities, external and internal networking, and career development programs.

Outside of the firm, she sits on the nonprofit board for the DC Youth Orchestra Program, which is primarily focused on providing access to music education across the Washington, DC metropolitan area.

“I find that networking within your community is very valuable,” said Chen-Young, adding that she’s learned a great deal from meeting professionals in various industries. “Community service gives you a different perspective and keeps you engaged with the underserved beyond the field of law,” she says. “Ultimately, it’s important to be a citizen of both my legal and geographic communities.”

Finding Longevity in Finance

When reflecting on her legal career, however, Chen-Young is most proud of how she makes her business clients feel like she is part of their team—not an easy feat in the world of “Wall Street” finance. She accomplishes this by taking the time to understand her clients’ business and objectives from their point of view. She said taking this approach makes her more successful and efficient at the negotiating table.

“My advice to women looking to advance in traditionally tougher fields is to turn yourself into a strategic partner to your colleagues, your clients, and everyone you come in contact with professionally,” said Chen-Young. “But, above all, deliver high-level, solid, superior quality work.”

Chen-Young knows she is a testament to the fact that if you rise above, stay focused and work hard, you will ultimately be judged by your substantive skill and overall professional service.

“In that regard, I am lucky to say that my clients view me as a valuable, critical and strong business partner to the team,” she said.

 

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Kate Ulrich Saracene, Partner, Katten

 

Kate Ulrich Saracene“You cannot map out your career; you have to respond to opportunities and obstacles as they appear,” says Katten’s Kate Ulrich Saracene.

While it helps to have goals, trying to adhere too closely to a roadmap can actually make you feel frustrated and overwhelmed. But being flexible can open doors, she finds.

For example, three years ago, she never imagined she would be a practice group leader for a law firm headquartered in Chicago while working remotely from her home in Rochester, New York. In light of the non-traditional path she took on her journey, her achievements shine even brighter.

Forging Her Own Way

What Saracene has found to be beneficial is the flexible work arrangement she has at the firm that allows her to work remotely from upstate New York where she lives with her two teenage children. She commutes to the Chicago and New York City offices a little less than half the time. “While my workday flexes from 6 a.m. to midnight, it has enabled me to be a better parent when I’m home,” she says.

The arrangement has been so successful, and has since attracted another partner to join her team at Katten. “Because the firm has been so flexible, I’ve been able to recruit talented people whom I’ve worked within the past, allowing the group to grow organically,” Saracene said.

As Saracene puts it, her career path from human resources professional to leader of Katten’s Employee Benefits and Executive Compensation practice was not typical.

After graduating from Cornell University with a bachelor’s degree in industrial and labor relations, she worked for Xerox as a labor relations specialist in Rochester, NY. When she was accepted to law school a few years later, she transferred to Xerox corporate headquarters in Stamford, Conn. and worked part-time as an employee benefits analyst while attending Yale. Once she received her law degree, she joined a law firm as an associate, counseling clients on labor and employment laws and drafting policies for employee handbooks among other responsibilities. Following the birth of her first child, she returned to Xerox for four years in a human resources position, enabling her to work part-time while maintaining a manager title.

Saracene never saw the job switch as a setback in her career; in fact, she believes this stint working in corporate employee benefits has been advantageous for her clients, as she better understands their needs. “I have walked in their shoes and speak their language, and I understand the operational things they need to be aware of and the consequences of my advice,” Saracene said.

She continued to work part-time for 13 years, eventually finding her way back to the law as an employee benefits attorney at her former law firm and serving as counsel advising clients on the complexities of laws and regulations for retirement, welfare and compensation plans. This transition to a tax counseling practice, from her prior legal stint as a labor and employment counselor and litigator, was the key that allowed her to move back to law firm life but with a schedule that was more predictable and manageable while she raised young children.

When the Affordable Care Act was signed into law in 2010, Saracene became quite familiar with all the regulations, requirements and provisions of the legislation, turning herself into an authority on the topic who was regularly quoted providing legal analysis to national media publications and became a sought-after speaker on the subject. Saracene stepped off the partner track for three years after transitioning back to private practice but asked to be put back on in 2012 and within 18 months was named a partner. She joined Katten in 2017.

And therein lies a key to success that she shares with young associates: One path to moving up is to find a new area of the law where you are on equal footing with everyone else despite their experience, learn it and own it. If you are willing to tackle something new and master it, you can be an invaluable resource to your firm and clients.

Embracing Well-Being in her Personal and Professional Life

Over the years, Saracene has seen the importance of health and wellbeing. After becoming an avid yoga practitioner and then a yoga and meditation instructor, she has found ways to incorporate the benefits of those practices into the legal community.

For example, she is working with the local bar association on teaching mindfulness, where participants can earn ethics credits as she focuses on the brain science behind it and how the techniques can create a more successful lawyer ‘“ more calm and composed, able to think more deliberately and better manage clients and their expectations. “It’s become a passion of mine that I have been able to share with the law community and Katten specifically,” Saracene says.

Saracene has become integrally involved in launching a firm wellness initiative called Katten Well-Being 360 to provide attorneys and business professionals with resources aimed at encouraging greater attention to mental and physical health. She is vocal about the needs of attorneys, and that initiative now brings wellness-related items like aromatherapy stress balls to recruiting events, and she recently led a meditation session at a new partner orientation. “We are trying to work it into the fabric of the culture,” she says.

Regarding other aspects of wellness, she has learned that you have to think carefully about how to commit your time and therefore recommends outsourcing tasks that may not be a high priority or have a direct benefit for you personally doing them. For example, she is happy to have someone help around the house or to run errands, but she’s more reluctant to give up driving her kids to school or activities as that can be important together time.

“It’s always going to be challenging for moms to try to be the best parent possible while still being the best lawyer possible. It requires sacrifice, but the key is to look at things over a long horizon,” Saracene says, noting that there were times when her kids have seen her less because she’s more involved in her career, and times when she’s been less focused on her career because of her children. Her new remote work arrangement has helped her strike the right balance.

And as they get older, she finds new ways to be present in their lives. One of her favorite “escapes” has been combining philanthropy with travel. Volunteering with the International Fund for Economic Development (IFED), she has trekked to remote areas ‘“ introducing after-school programs in Paraguay and helping coordinate efforts to improve conditions at an orphanage in Bali ‘“ through a program championed by a former mentor at her law firm and his wife that they took on as a retirement project. This year, her son plans to join her on an IFED trip. “Everything comes full circle. He helped me build my career, and now his good works are allowing us to give back together.”

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Erica Klinkowize, Managing Director, Global FICC ETF Trading, Bank of America

Erica KlinkowizeErica Klinkowize began her career in finance at Goldman Sachs in 2003 and for over a decade, she had various roles that focused primarily on Liquidity.

In July 2014, she made the leap to Bank of America and continued to work in the Liquidity space within Treasury until April 2019. After almost 20 years into her career, Erica shifted her focus from Liquidity and Treasury to Global Markets at Bank of America.

“I have spent the past 8 months building out the central Fixed Income ETF trading desk. While it was an extremely difficult decision to switch directions as it’s easier to stick with what you know, at the heart of it, this was a, likely, once in a lifetime prospect that I could not pass up. The opportunity to build out a new trading business at a world-class organization does not come along very often. To be offered the opportunity to co-lead the effort was, and still is, an honor.”

She comments that this experience has added a whole new set of skills to her personal and professional toolkit and has reinvigorated her for the challenges that lie ahead.

Learning Opportunities

Klinkowize, at the exact time of the financial crisis, began the Executive MBA program at Columbia Business School while working in the Securities Division at Goldman Sachs. These simultaneous experiences had a powerful impact on her and she comments that the combination of the two during this tough time “further framed my worldview and gave me a lasting perspective as I experienced the crisis at the forefront and, further, saw the crisis through the eyes of my classmates, over 50% of whom did not work in Finance.” During the crisis, Erica was part of the firm’s front line response to raising liquidity, and thereafter, experienced and helped shape the internal and industry change that comes after an event such as this. At the same time, she experienced the perspectives of her EMBA classmates, many of whom developed stark views of the Finance industry as a whole. She says, “Living through this permanently altered how I approach challenges at work, and provided me with a deeper understanding of what it means to manage risks. Further, I am grateful for the diversity of perspective my classmates provided me. While it was challenging to hear many of their views and personal experiences, in the end, it showed me the immense value garnered from consistently incorporating outside viewpoints into a decision-making process.”

Networking Matters

When Erica moved to Bank of America, she made a commitment to herself that she would focus on building support networks at the Bank.

“I am quite proud of the ongoing mentorship and sponsorship relationships I have been able to cultivate since I joined more than 5 years ago. I truly benefit from these consistent interactions, regardless of corporate title. It’s so important for us all to feel supported and connected in the workplace and to have a safe space to go vent, seek advice, or laugh. We can all benefit from hearing about each other’s successes and challenges and realizing other points of view. Through these interactions, we become grounded as humans and are reminded that we have more similarities than differences.”

When asked what is the one thing you know now that you wish you had known when you were first starting your career? She offers,

“I wish had known how to consistently return to a sense of serenity within the chaos, and that sometimes silence and observation are more powerful than words.”

She goes on to say how her start in finance was somewhat briefly detoured: she had secured a dream job working for Deloitte Consulting doing systems and business consulting right out of college but received a call that the company was pushing back the start date of her analyst class to January of 2002 due to the economic downturn that occurred as a result of the tech start-up meltdown of that era. She decided to take advantage of that time and worked at a job that still resonates with her. She relays,

“I ran the front desk of my dad’s dental office for a month. I never would have had that opportunity had Deloitte not given me some extra time and money. Almost 20 years later, and I can still remember details of the experience which I am sure have altered how I interact with people working in customer service.”

The decision to take a different path is very poignant as, later that year, the tragedy of 9/11/2001 struck and, she shares that if she had started at Deloitte on the original date, she would have been at the World Financial Center when the planes hit. Instead, she was sitting in her apartment in midtown, having moved in the weekend before. She comments,

“I believe that was the first time I truly understood how much of our careers and our lives are beyond our control and that we should look for the lessons in each experience, even if it takes decades to find them.”

When asked what advice would you give to young women entering this industry? Erica candidly answered that she advises young women to create support networks as soon as possible within the bank.

“Join Bank sponsored networks and seek out mentors immediately. Keep the consistency of these relationships no matter how busy you are with your day job. Take on a little bit more work in one of these organizations or do a favor for a mentor. You will not only feel more connected and supported as you go through the ups and downs of your career, but you will also likely gain sponsors who are critical to your success.”

She added that advice for her peers is exactly what she reminds herself to do as well.

“Seek out camaraderie, friendship, and support at work and give it back as much as you can. Remember to find laughter. Don’t be afraid to hold people to your high standards.” She continues,

“Don’t be afraid to continue to try new things and learn. Ask questions when appropriate. Try not to be so hard on yourself to have it all, all of the time. Remember to drink water and exercise. Take deep breaths. And remember to be compassionate to yourself the way you would be to a friend.”

Upon reflection around the career navigation journey, she believes that having a true sponsor is the key to getting promoted quicker, or even helping get back on track when one’s career takes a detour. She states,

“Once I truly understood what it meant to have sponsors and how to maintain sponsorship, I was able to more easily navigate difficult situations at work leveraging these relationships, and I was surprised at how beneficial they became when I was looking to make transitions. It’s critical to have senior people who will proactively support you when it comes down to a management decision about your career.”

For the past five years, Erica states she has been fortunate to co-lead a group of 10 women as part of a grassroots effort at the company that aims to connect women across the organization and provide ongoing support throughout their careers. She mentions that the success of these groups is dependent on the commitment of the leaders and the members to show up on a monthly basis. The interactions are in person and entirely confidential. Each group takes on its own format and agenda as needed, but there is a central repository for groups to share a myriad of discussion topics. She enjoys the group and finds that within a few months, the groups form their own identities which garners natural commitment from its leaders and members.

She adds, “My prior group maintained the same core group of women for 4 years and we provided each other with consistent and honest personal and professional support, and we became committed to each other’s successes.”

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Voice of Experience: Madelyn Caple, Head of Wholesale Partnerships and Business Development, Wells Fargo Wealth & Investment Management

Madelyn CapleBeing a leader in the wealth management industry can be lonely for women at times, but don’t give up, says Madelyn Caple, Head of Wholesale Partnerships and Business Development for Wells Fargo Wealth & Investment Management.

“It’s important for senior female leaders to continue to mentor and coach,” she says. “It can be lonely and competitive in this industry, and women tap out because they think they can’t do it all. But I am so glad I stuck with it. Sometimes it was hard to be there to chaperone a school field trip, but in the end, I know I made the right decision.”

She says that she is most proud of is where she is today, having raised two children and achieved balance. “Sometimes it was hard to be there to chaperone a school field trip, for example, but in the end, I know I made the right decision. It was as important to me to be a mom and wife as to be successful in my field.”

Moving For New Opportunities

For the past three decades, Caple has served in client-facing positions with Wells Fargo and its legacy companies. Since being named to the role of Head of Wholesale Partnerships and Business Development in August, Caple has been focused on talking to different stakeholders in Wells Fargo and understanding what’s important to them and their clients. “You have to always keep the client at the center of what you’re building, because they expect us to be collaborative and show up together,” she says.

Prior to this appointment, Caple had served as Regional Managing Director for the Carolina West Region of Wells Fargo Private Bank, based in Charlotte, where she moved after several positions in Florida with the bank. While she moved frequently early in her career, it helped propel her to opportunities that she otherwise wouldn’t have had. “Being curious and willing to take a challenge can separate you from others,” Caple says. Although once she arrived in Charlotte in 2004, she realized that the opportunities were plentiful, and there she stayed.

She started in the corporate bank, but recognized that the newer wealth segment was a good fit for her skills and interests. “I realized I liked dealing with personal situations and helping my clients find solutions,” she says. To augment her B.S. degree in Finance and Real Estate from Florida State University, Caple earned the CERTIFIED FINANCIAL PLANNER™ professional designation.

One of the lessons Caple has learned is the power of networking. Given her tenure with the company, she had the advantage of having a strong network of contacts. As she says, you never want to burn a bridge, since what goes around comes around. “Ten years later you might find yourself sitting together on the same side of an opportunity or even on different sides. You have to always do what’s right and show respect for people.”

That collaboration shouldn’t stop as you climb the ladder, either, she says, adding that it’s important to continue to support one another outwardly. If someone puts an idea on the table, offer constructive feedback and try to move it forward with colleagues.

Finding Meaning In Philanthropy

An active volunteer, Caple finds her philanthropic work to be incredibly fulfilling. She participates in many organizations, and her passion is in public education and its role as an equalizer. With both of her parents from rural Mississippi, she saw firsthand how an education allows you to distinguish yourself. She sits on the board of Central Piedmont Community College and recently was recognized by the United Negro College Fund as a 2019 Maya Angelou “Women Who Lead” honoree, someone whose footprints positively influence the community.

The reason for her passion is simple: “To whom much is given, much is expected. Giving fills my cup,” Caple says. “There are a lot of positive things happening in Charlotte,” she says. The bank encourages team members to volunteer their time to causes that are important to them and recently changed its matching gifts program to match volunteer time with dollars, in accordance with how today’s younger generation often prefers to donate.

Success is a Family Affair

Along with a keen sense of dedication, Caple says it’s vital to have a partner who supports your career and family ambitions. “You can’t have a full-time job in corporate America and a full-time job at home,” she notes. With one child in college and one recent college graduate, she and her husband have always loved to travel as a family. During spring break they typically took educational trips to Washington, D.C. or the Grand Canyon and still aim to find one thing a year that the four of them can do together.

In her free time, Caple loves to cook and entertain casually. Nothing is more precious to her than being in the kitchen and having her kids and their friends come in and talk about their lives and what they’re thinking about. “Now that my kids are young adults, I’m still seeking ways to continue to be impactful to them,” she says. “I feel fortunate to be at this point in my life where we’re all in a good place.”

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Voice of Experience: Mara Glaser McCahan, Partner, Katten

Mara Glaser McCahan“I would have saved myself a lot of angst if I had known earlier in my career that everyone has their own style, and I don’t have to mimic others to be successful,” says Katten Corporate Partner Mara Glaser McCahan.

For a number of years, she tried to imitate the style of successful people who surrounded her, but she realized that it wasn’t working because she wasn’t being genuine. “Once I was able to hone in on my own style and trust that my style, although different, was every bit as good as others’, I was not only more comfortable, but more successful.”

A Career Path Forged From the Start

As Glaser McCahan puts it, she was that person who always knew what she wanted to be—a corporate lawyer—even proclaiming that to her high school newspaper as her post-senior year plans. And her career as a transactional lawyer has not disappointed. She terms her path as “fairly straightforward,” having dabbled in litigation and regulatory work as a summer associate but finding her right fit during her initial corporate assignment.

Of course, since she has been practicing for more than 20 years, the path itself has taken lots of turns. For example, the types of deals that she has handled have varied greatly, depending on the fluctuations in the economy. She first began practicing in the “go-go” days of the late 1990s, when money flowed fast and furious into startups, and companies went public on projected future earnings.

Then came the tech bust, and while those transactions stopped, different deals emerged—such as distressed deals, bankruptcy deals, bridge financings and other types of transactions where someone saw an opportunity in the fallout. While the twists can be challenging, Glaser McCahan believes that is what has made her career interesting. “While many of the basic principles are applied over and over, no deal is ever the same, which makes my job enjoyable and intellectually engaging,” she says.

Being a transactional lawyer requires the ability to adapt—to different types of deals, changing market conditions, different structures and more. “You learn from every change by absorbing it and applying it to future situations, which ultimately makes you a stronger lawyer with increased wisdom and better insight to advise your client,” Glaser McCahan says. And, she adds, this experience is what makes you valuable to clients. After all, a lawyer closes many deals in any given year, while the client may only do a deal every few years so they look to their legal team for guidance.

Given that depth of experience, having to choose a professional accomplishment she’s most proud of feels to Glaser McCahan like being a parent choosing a favorite child. “Every deal requires a lot of effort, and I throw myself fully into each one, with its accompanying unique set of circumstances that require creative solutions to get them across the finish line.” In addition, she notes, transactions require coordination and teamwork to keep moving toward a common purpose, both with the client and with the internal team. “Whenever a deal I’m working on closes, it is a feeling of accomplishment that through teamwork you were able to successfully help your client achieve a goal.” But basking in the high is short-lived, as Glaser McCahan then looks forward to doing it all over again with a new deal.

Helping Bring Others Along Is a Two-Way Street

Glaser McCahan recommends that young women take ownership of their own career; rather than sitting around passively and waiting for someone to take interest in shaping their trajectory, she urges them to ask questions, show interest, request help when needed and ask to be staffed on various assignments if they desire to work with a particular senior associate, partner or client.

“The answer may not always be ‘yes,’ but if you don’t ask, you won’t get what you want,” she points out. And, even if the initial answer is “no,” it’s a way to put yourself on their radar to hopefully have your request met later. For that reason, she says it’s okay to be aggressive, while never obnoxious, of course. “I think that folks are always interested in helping others who have demonstrated that they care and are willing to put in extra effort.”

And then the onus is on professionals at upper levels to make the effort to assist those who are just starting out in their careers. She recommends thinking back to your early career, as everyone can describe instances where someone helped—by taking an interest in their career through mentoring, providing useful advice or staffing them on an important transaction or case with an important client.

The need is particularly great for women. Despite the immense strides that have been made in many traditional practices, there is still a long way to go. Glaser McCahan remembers being the only female attorney in the corporate group when she was hired 20 years ago; even though more women are choosing to practice law in areas that have been traditionally male, such as corporate, real estate and finance, the numbers remain small. And they get even smaller when you consider the number of women who choose to continue to stay on the partner track and who actually make partner. “Despite the fact that women graduates outpace men, the business professionals sitting around deal tables generally tend to be all men. Even 20 years later, I am almost always the only woman; we have to do better to get women more seats at that table.”

And that can happen by being that person who helps create a career-changing opportunity, Glaser McCahan says, acknowledging that it’s easy to get wrapped up in your own career and busy schedule, and thus forget to pause and give a helping hand. “But even the smallest act can have a profound impact and we should strive to give back.”

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Stephanie Rader, Partner, Goldman Sachs, Securities Division

Stephanie RaderStephanie Rader, head of the Distressed Sales and Bank Loan Sales Group, is a program co-sponsor of the 2019 Women’s Career Strategies Initiative (WCSI), an annual program at Goldman Sachs that provides high-performing women associates access to training sessions, resources and touchpoints with senior leaders across the firm. Associates are encouraged to develop their leadership skills, identify ways to enhance their commercial impact, evaluate the work-life equation, and manage their careers proactively. In a roundtable session hosted for WCSI participants, Rader reflected on her career at the firm and shared advice with this year’s WCSI class.

A 15-year veteran of the firm who initially began her career at Goldman Sachs as an intern, Rader started by reminding attendees to have the courage and confidence to ‘go for the ball.’

Rader shared: “As Billie Jean King said, pressure is a privilege; if you’re doing well and excelling in your current role, others will inherently begin to give you more work because they know you can deliver.”

She adds, “While being responsible for a significant number of deliverables and leading on projects can be stressful, you need to remind yourself that you’re being given a chance to excel – one that others around you might not receive – and you should take advantage of those opportunities.”

Rader, who joined the firm after graduating from Duke University with a bachelor’s degree in public policy and economics, was presented with many such opportunities during the financial crisis.

“Throughout, I jumped in and helped out with various clients, because everyone was moving so fast,” she told the WCSI Class of 2019. “I learned an incredible amount during this time period and it helped set me up for success down the line.”

Taking Advantage of Rapid Change

“If you find yourself in a moment in your career where you feel stalled, remember that things can change very fast,” Rader recalled. “Create your own luck by putting in the work and preparation now so you can take advantage of opportunities when change occurs, which it always inevitably does.”

Rader acknowledged that in the absence of change, individuals can identify other ways to present themselves as rising leaders. Her recommendation: “Be vocal in meetings with your questions and ideas, invest time developing the analysts on your teams and be the go-to expert in your space.”

Leveraging Methodical Postings

Rader, who covers both asset managers and hedge funds, also manages a team of 14 sales people. When working in a fast-paced environment, Rader highlighted the importance of ensuring your manager and stakeholders are aware of the internal and external projects you are working on. “Don’t wait until your annual feedback to connect with your manager.” She recommends scheduling a regular touchpoint and sharing a comprehensive list of your completed deliverables and ongoing projects.

“It’s so important for people to know and be aware of the work you’re doing – while we expect our colleagues and our manager to automatically know about our projects, do not assume they are aware of what you are working on unless you post them directly.”

The Work-Life Equation

“At different points in your career you’re going to need different things, whether that’s time to adjust to being a new mom, caring for a parent, or tending to your own health,” Rader reflected. “While it’s good to make plans and set goals, both our professional and personal lives can take unexpected turns. Be flexible in adjusting course, be patient with yourself and don’t be afraid to ask for help.”

As a mom to a six-year-old and one-year-old, Rader told participants she tries to be fully invested in the present moment in order to maximize her time at work and her time at home: “When I’m at work, I’m completely plugged into the desk and work as efficiently as possible. When I’m at home, my kids are my priority.”

Reflecting on Goldman Sachs’ work environment since she joined in 2004, Rader notes, “Managers recognize now that if you’re happy outside of Goldman Sachs, you’re going to be more productive when you’re at the office – as a result I think our culture has become more flexible and inclusive over time.”

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Voice of Experience: Elyse Lesley, U.S. Consumer Partnerships and Franchise Development, Citi

Elyse LesleyAdvocacy matters, says Citi’s Elyse Lesley.

“When I started, I placed more of a premium on what I did than the people I worked for, but I have realized throughout my career that ultimately advocacy is the magic that will get you to the places you want to be,” she says. “Your advocates may tell you things you don’t want to hear, but those moments will help you get out of your comfort zone and take the chances that allow you to learn and grow. Those are the people you need in closed door forums, pounding the table for you before others even know who you are.”

A Career Path Built On Diverse Experiences

After graduate school Lesley went into consulting, which she found to be an unmatched experience; as she notes, there aren’t many jobs where you get to experience such a diversified slate of issues and companies and actually sit at leadership tables. “When I worked as a consultant, it was almost as though I was earning a second graduate degree. I learned how to deconstruct problems and talk confidently with professionals who were a decade or two older than I was,” she says.

While she believes it’s a top way to broaden your skillsets, she eventually decided to leave consulting and focus on a career in financial services. Lesley was looking for an opportunity that would allow her to do interesting consumer-facing work while also providing a platform to build out a long-term career.

Over the years she has worn many different hats and taken on varying responsibilities charting overall strategy; helping develop a retail business; offering insight into segment value propositions; building and deploying new product solutions; amplifying the company’s voice in the marketplace; and improving the end-to-end client experience.

“I have led a diverse set of functions over time while remaining close to the consumer, which has been fascinating and rewarding,” Lesley says. She has been with Citi for eight years in various roles and in October took on a new role leading partnerships and franchise strategies at Citi’s US Consumer Bank.

“I really appreciate that the role I have allows me to think about growth and the continued transformation of our industry,” she says.

As clients become more comfortable with opening an account and servicing it online, Lesley is currently spearheading efforts on how to scale the franchise through digital channels. She is also exploring ways for Citi to continue to build deeper relationships with its clients by leveraging data to provide personalized services and offerings that clients are looking for.

“Banking is an exciting industry especially as physical and digital continue to converge and how banks evolve to make a difference in clients’ lives and reward their loyalty. We are helping to create new product and distribution solutions that allow Citi to scale and encourage our clients to have a lifelong relationship with Citi,” she says.

An Attitude of Mentoring

When considering all of her various contributions over the years, the work Lesley is most proud of is seeing the individuals whom she has mentored subsequently achieve their professional goals. “I take intense pride in the people I have worked with over my career who are now in impressive roles. It feels good to have been part of a chapter in their career that got them to that point,” she says. “I am deeply invested in helping the people I hire and working with them to achieve their aspirations.”

Lesley sees that one of the biggest challenges in the financial services industry as a whole continues to be representation. “We need to have more women at senior levels of organizations in every industry to ultimately build the gender balance we need,” she says. “While we are making progress in financial services broadly, it is slower than I would ideally like to see.”

Lesley is a proud member of Citi Women, a community of female employees at all levels working to help one another through skill-building and advice sharing. Besides encouraging internal networking, it also includes elements of training and leadership development that allows women to hone their self-advocacy skills. “I believe the knowledge we are imparting here will translate into positive outcomes for years to come,” she says.

Lesley offers several pieces of advice for women, most importantly to know what’s really important in a day, week, month or year and stack their time accordingly. “You get credit for transformative wins, but the little tasks can crowd that out. Know what matters and make that your focus.”

With three daughters and a son between the ages of 11 and three—Lesley says her current hobby is her family. “I choose to do two things well: to make a difference at Citi and achieve my career aspirations and to raise some really good human beings. For now with four young children, that’s my version of balance.”

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Voice of Experience: Tatiana Segal, Head Of Risk Management, Morgan Stanley Investment Management

Tatiana Segal
Don’t underestimate the importance of the company culture when making a decision about your career choices.

“Make sure the company’s values and philosophy are aligned with yours.” says Segal. “You need to be assertive and understand your options, and then put yourself in a position where you can leverage your skills to the highest possible degree,” she says.

A Career Rooted in Seizing Opportunity

Segal has a wide-ranging experience with both buy-side and sell-side firms. She started her career as an intern at BlackRock while earning her degree in economics at Columbia University and then joined full time as an analyst, a position she held for three years before moving to Goldman Sachs.

After having two children, she began looking for a healthier work-life balance and moved to Banque Nationale De Paris and from there to Nomura Securities. Ultimately she sought experience with alternative investments and went to Citi to assume a risk oversight role for the liquid portion of Citi Alternative Investments.

Segal left for a prestigious hedge fund launch, which ended up not getting off the ground as seed commitments evaporated in the midst of the 2008 crisis, and she found herself looking for work during the downturn. Segal joined Cerberus Capital Management as their first-ever head of risk management and built out both a risk team and risk capabilities to support both private equity and hedge funds. In 2011 she joined SkyBridge Capital as the head of risk management. In August 2019, she joined Morgan Stanley Investment Management as Head of Risk Management. Tatiana is enjoying the global and dynamic nature of the role and is looking forward to living up to Morgan Stanley’s four core values: Doing the Right Thing, Putting Clients First, Leading with Exceptional Ideas and Giving Back.

Understanding Your Worth

In addition to her impressive career Segal prioritizes her family—as mentioned earlier, she made choices based on the desire to have more time with her kids. “In the late ‘90s, the expectations of face time were immense, which could conflict with your desire to be with your children. It is astonishing to me that at many firms face time is still used as a measure of productivity. I believe that successful firms will be the ones that nurture more flexibility.”

Segal feels that the younger generation has been more likely to understand early in life that balance is important. “Rather than just living to work, they tend to prioritize spending time with friends and family,” she says.

In fact, Segal encourages women who are coming up the ranks to realize they need to stand their ground; it’s important to be assertive or you can end up unfulfilled. “Know your worth and your value, and be objective about what you can offer the company—that’s how you will earn respect and eventually flexibility. You need to put yourself in a position where your supervisors understand you can be equally effective without spending long hours at the office.”

Segal is part of 100 Women in Finance group where she co-chairs the risk peer advisory group. She believes it’s important to network with her peers, compare stories, and share views.

Segal carries on this mentoring spirit in her personal life, as well. In fact, one of her most impactful roles is as a board member for the Tenement Museum, which shares the hard stories about immigration history for the various groups who made America the “melting pot” it is today.

“There were women who couldn’t have their fingerprints taken because they had literally worked their fingers to the bone,” she says. “The museum did a remarkable job restoring the tenement building, and looking at where we came from—to really see the strides we have made—is both humbling and life-affirming,” she says.

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