Tag Archive for: Mover & Shaker

Mover & Shaker: Josephine Shin, Senior Vice President and High Yield Portfolio Manager, Senior Research Analyst, Alcentra, a BNY Mellon Investment Management boutique

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Josephine Shin“Never lose your initial curiosity to learn,” advises Josephine Shin. “Stay engaged, and get outside of your comfort zone because that’s when you learn.”

Shin’s curiosity is what led her to a somewhat alternative path in the finance industry. At the University of Pennsylvania she pursued a Bachelor of Arts degree in Women’s Studies and Sociology, rather than the finance degree that was so prevalent.

But then upon graduation, she found herself surrounded by people asking how she was going to parlay that course of study into a career.

“There were doubts from peers about my choices, but I think it was the best path I could have taken. I got to spend those four years studying something of interest, communicating and formulating my own views even if they were out of consensus, being challenged by others and at the same time staying open to new ideas. Now I am putting those skillsets to work every day professionally and pursuing a profession that I truly enjoy. Shin said. She believes that spending those early years questioning and debating with an open mind allows her to bring a different perspective and to find value in places that may be overlooked.

With an interest in both quantitative and qualitative aspects, Shin joined an investment management company as a fixed income credit analyst. She describes it as an intense time to jump in as everyone was dealing with the effects of the “tech bubble” and 9/11, but a time where she learned valuable skills especially because bottoms-up fundamental analysis of credit was in such high demand. Though the firm she was working for was one where most people tended to stay “for life,” she yearned to be in the heart of New York and, ultimately, moved to work for another firm in a more senior role.

After several years, Shin went to work with a former colleague, but a year later, Lehman Brothers imploded and a majority of her team was dismantled within two weeks. That experience had a profound effect on her. “My comfort zone was shaken. That made me realize that I had gotten too comfortable and started to identify myself with where I work and what I do professionally,” she said. “That’s when I realized that I love what I do but that shouldn’t define who I am,” a lesson that has helped her throughout her career and personal life.

At that point, she decided to return to her roots in investment management and joined Alcentra, part of BNY Mellon, where she’s been for more than six years.

Paving Her Own Path

Shin says the career achievement she’s proudest of is her overall resilience in the face of naysayers and forging her own path even if it meant not following the most conventional options. From the major she pursued, to her desire to move from a comfortable job to New York, she has questioned taking at face value what the majority told her was “the right thing,” in favor of what was the right thing for her. “I listened to myself, and then spoke up to negotiate what I wanted.”

And throughout her career, she has appreciated the path she chose. “I’m in the perfect job for me; you have to be quick and nimble to act, yet have a strong fundamental view because every day there is something new about companies that I’m investing in.” She relishes her new role of portfolio management and the global platform the firm offers because it gives her a strong vantage point to integrate micro and macro data into innovative ideas for her clients.

Shin naturally gravitates toward mentors who share her affinity for making their voice heard, and her professional role models embody that quality at the highest level. She says, “If you find a mentor or sponsor in your workplace who takes time to give you honest feedback on how you can continue to grow in your career without plateauing, appreciate that gift because it is rare. It’s how we grow. Also, stay humble and ask for honest feedback. I have that in my current job and it’s been hugely inspirational for me.”

One of Shin’s early influences is Betty Friedan, whose work helped shape her belief in the importance of challenging the consensus view. “To be an outperformer in this business, it’s vital to have your own voice and thoughts,” Shin said.

She also named Judith Rodin, the first women president of an Ivy League university. Rodin was president while Shin attended Penn. “She is an inspiration to me because she not only relishes in her success, but does not shy away from mistakes or moments of failure in her career and life. I respect that humble dichotomy. She’s a great role model.”

Building Bonds

Shin has been involved in WIN (Women’s Initiative Network), a resource for the professional development and advancement of women at BNY Mellon. She also participates in the Penn Alumnae Women’s group. Her participation with both organizations underscores her belief in the importance of continuing to cultivate a robust network. She has experienced firsthand how the industry can change fast and that it’s vital to have a network already set up.

At the same time, she is cognizant of the fact that when you are employed, it’s compassionate to take a moment to help out others since you never know when you will need support. She especially believes in giving opportunities to women who might not have cookie cutter backgrounds, because they bring a different perspective that can enhance any organization or team.

Shin says she is grateful for her family’s support system. Naming her husband as her biggest supporter, she is also very close to her brother, mother and extended family. On the home front, Shin has a two-and-a-half year old daughter, whom she says is not only the apple of her eye, but makes her a more compassionate and well-rounded person. “I used to take for granted those days I could work into the wee hours at night, but now I have a better understanding of other working mothers. On the other hand, my efficiency has become incredible.”

By Cathie Ericson

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Mover & Shaker: Aoife Flood, Senior Manager, Global Diversity and Inclusion Program, PwC

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Aoife Flood“You don’t have to be 100 percent qualified in every aspect of a job to know you can do it well,” says Aoife Flood, senior manager for PwC’s global diversity and inclusion program. “You want to grow and be challenged, so don’t be afraid to put your hand up even if you don’t feel you tick every box.”

That philosophy has shaped Flood’s career at PwC. Unsure what she wanted to do, Flood began her career, as she puts it, “at the very bottom of the chain.” But for her, it became a powerful awakening. “I had struggled with my confidence, and at first I was intimidated by how highly educated all my colleagues were. But, I embarked on part-time studies and started to raise my hand to see if I could help design or deliver a program, and that’s when my trajectory started to shift.”

After five years with PwC Ireland, she saw an opening for a global opportunity but the position was more senior than hers. However, something about the job posting made her think the role was for her. She spoke to her director about why she thought she thought it would be a good fit. Though the director managed her expectations, she encouraged her to take a chance. Flood applied, creating an entire appendix that included a portfolio of all the work she’d done, and was offered what was described to her as a “courtesy interview,” given the effort she’d put in since she was the least-qualified candidate.

During the interview, Flood says she felt surprisingly calm, and they ended up talking for two hours. Three more interviews followed and she secured the position, which started with a six-month international assignment in Boston. “It was the first time I took a really brave step, and I still sometimes wonder who that person was,” she says.

Only 25 at the time, she had never lived outside her family home much less lived abroad. Once she arrived, it proved tougher than she had imagined as it was a new role that didn’t have a large team, so at times Flood felt very isolated.

“Through that experience I realized how it feels to be brave, which has made me less career risk averse. In fact, now I grow bored when I’m inside my comfort zone. I found out that variety is the spice of life in my career.”

She subsequently moved into her next global role, her first management position and then moved into global diversity. With every role at PwC, Flood feels she has had the opportunity to facilitate positive cultural change which is very important to her.

Growing Through New Assignments

Not only did that first global experience earn her a coveted position, it earned Flood her first sponsor as well. The initial interviewer, Coeni Van Beek, became the global ethics and business conduct leader at PwC and continued to monitor her progress. After three weeks of being in Boston, he told her that she was already outperforming what he had expected.

“I will make sure you’re a manager by the time you finish this tour of duty,” he said, and followed through on the promise by advocating for Flood when she was interviewing for her next position. “The team had concerns since I didn’t have any technical expertise, but he told them that they needed to take a chance on me and would not regret it.”

Right now, Flood is excited about a recent thought leadership research project she delivered focused on the female millennial, having led the project from initial concept through execution. “As a millennial woman it’s fascinating to take something from my own experience and help shape the end deliverable.”

In her current role, she also co-authors PwC’s Gender Agenda blog. Flood identifies that being positioned as a global expert with a strong external profile has also had a catapulting effect on her internal profile. While she had a very strong internal global network at PwC based on those she had worked with during her career, this external profile has really strengthened her profile with those she had not been exposed to through the course of her career. “It’s been really powerful for me to change their mindset of me in my starting position to a global diversity expert.”

Ultimately, she believes that success lies in being willing to take on stretch assignments, being passionate about what you do and willing to deliver more than is expected.

Role Models Shape Her Professional Success

Her first role model is her mother, who works but doesn’t have a “career,” per se. Flood says her mom grew up in an economic climate in Ireland where she did not have very many opportunities, but she always advocated for her four children to have opportunities she didn’t have. Specifically, she encouraged Flood to enroll in speech and drama classes as a child, which although she didn’t like them at the time, increased her comfort level with speaking. “My mom is a very powerful role model of resilience in the face of adversity.”

At work, Flood cites her current bossAgnès Hussherr, whom she says is the perfect role model of someone who can have it all: a leader, who is quintessentially female but strong and successful, has a family and even managed to become a pilot in her spare time.

Reading and Writing Are Passions Outside of Work

Flood has always enjoyed reading and loves to go on holiday with her Kindle loaded with books. But over the past few years she’s been surprised to find how much she enjoys writing. Over the course of writing many papers and a 30,000-word dissertation during an executive master’s program she completed three years ago, she discovered she had a flair for it so she appreciates that her current role provides her the opportunity to write. “I didn’t know what I wanted to be when I grew up but now I do – a writer. And if I won the lotto tomorrow, I’d quit and write for fun!”

By Cathie Ericson

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Mover & Shaker, Gina Love, Counsel at Shearman & Sterling LLP

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Gina LoveMore than 10 years ago, while attending the annual convention of the International Council of Shopping Centers (ICSC), Gina Love realized that few people attending looked like her.

“I literally started counting people of color – especially women of color,” recalls Love, a counsel at global law firm Shearman & Sterling. Of those she met, several were from New York, so Love and her new acquaintances came up with the idea of organizing a get-together of people with diverse backgrounds as a networking opportunity when they returned to convention the following year. Their outreach was decidedly grassroots – emailing people they knew and handing out fliers — so they were stunned that word had spread so fast that they were joined by nearly 200 people.

“We knew we were on to something so I started organizing it as an unofficial event at ICSC every year, securing sponsors, inviting speakers and raising money,” says Love, adding that Shearman & Sterling has been unequivocally supportive over the years. For 11 years, Love kept the event afloat on her own time, which though laborious was extremely rewarding. “It’s amazing to see the room clogged with people, many of them telling me that they come to ICSC’s convention primarily for this event,” she says. Eventually, though, she realized the reception needed to be self-sustaining, and ICSC agreed to officially take it over.

Today, the ICSC’s Diversity Reception is attended by anywhere from 600-850 people and has a long list of impressive financial sponsors and speakers from throughout the real estate industry. At the 2014 event, the ICSC announced the creation two scholarships: the “Retail Real Estate Diversity Scholarship” to offer tuition assistance to graduate students entering the retail and real estate industries; and the “Love Scholarship for Diversity,” named in Love’s honor to offer tuition assistance to sophomore, junior and senior university students belonging to an underrepresented minority group. “The whole thing started so innocently, and it was amazing to watch how it grew,” Love says. “It was really wonderful to see that my decade of work to increase diversity in the real estate industry was honored and appreciated by the leadership of ICSC, and I am delighted the legacy will go on.”

Real Estate Roots

Love chose a career in law because she felt it offered a way for her to showcase her strengths in writing and research. She preferred the business-oriented classes during law school and though she did a rotation in litigation, Love gravitated toward a specialization in real estate. Her family had built a background in various facets of real estate – from her aunt who was a broker and real estate investor to her grandfather who had built a residential development and construction company in Jamaica, W. I. , where she is from – so it was an industry with which she was quite familiar. And she has not been disappointed by her expectations of a career in law. Ever since her initial stint as a summer associate, she viewed the field of law as one with multiple challenges, but also extremely rewarding moments.

Recently, Love experienced one of those moments when she helped close a key phase of a complex international deal she had been working on with her Shearman & Sterling counterparts in Germany, along with Mexican counsel. “There were cultural differences to navigate but we had a solid team and it was very satisfying work,” she says. “That kind of international transaction is a real focus for me and for our firm.”

That is part of the appeal of the real estate specialization for Love – the constant diversity. For example, she is also representing a high-end luxury fashion client that recently received a significant influx of capital and is opening stores around the US.

“One of the reasons I really like real estate is because I feel as though it’s one of the only segments of law where you can see the creative result of your work,” she explains. “Real estate attorneys in New York can walk around this city and see visible, tangible signs of what he or she has accomplished — We aren’t the architects or the developers, but as lawyers, we do a lot of the ‘behind-the-scenes’ work to make it happen. Sometimes law is hard to explain to others, and I find the real estate specialty to be one of the few where you can really show people something you had a hand in creating.”

Mentors Helped Her Succeed

Love knows that mentors and sponsors have had a major impact on her career. At her former firm, Nixon Peabody, she knew of at least four partners in the real estate practice area whom she said were extremely supportive of her career from the beginning. “I would say that they really guided, guarded and watched over my career,” she recalls fondly.
Now, she has mentors both inside and outside Shearman & Sterling. At Shearman & Sterling, she says she has been guided and supported by real estate practice leader Chris Smith, who has been particularly helpful in the areas of networking, developing client relationships and deal work.

She also has an ongoing mentor relationship with a former colleague at Nixon Peabody, Elizabeth Moore, who is now General Counsel at Consolidated Edison. She says, “We were drawn to each other because she also has Caribbean roots, and we just related really well. It’s fascinating to talk with her about the different facets of her career, since she has had so many completely different roles. She was in State government then became a labor and employment law partner before becoming the GC of Con Ed. We talk frequently about how to deal with specific professional situations, but also just in general how life is going. Our relationship has been very valuable.”

A Clear Plan for Growth

When Love reflects on the qualities that have set her up for success, her method is simple but effective. “I set my goals, chart my plan and start working toward it,” she says, noting that it’s imperative to have multiple plans of action to address eventualities that might come up. She says this approach is something she learned from her father, her biggest role model, who worked as a chemical engineer but also earned a business degree. “You have to adjust periodically to what isn’t working anymore and take personal responsibility for what you do.,” she says. “The road might not always be smooth, but you can get there with a clear but flexible plan.”

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Mover & Shaker: Kristin Wells, Deputy Practice Group Leader, Corporate & Securities Group, Reed Smith LLP

 

working on a computer“Play the course and not the other players,” says Kristin Wells, when asked about her personal drive. “Don’t constantly compare yourself to others. Instead, focus on what you’re doing right, and improve on what you need to within yourself.”

Wells has embodied the definition of a ‘mover and shaker’ since she began her career as a Corporate Securities Associate at Pepper Hamilton. She became a partner the first year that she was eligible and had a baby that same year.

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Mover & Shaker: Belen Navarro, Financial Lines Regional Manager, Latin America & Caribbean at AIG

female leaderAfter earning degrees in Business & Insurance Science and Business Administration from Universidad Pontificia de Salamanca in Spain, Belen Navarro began her professional career in April 1997 as an account executive at a brokerage firm in Madrid.

In 1997 she joined AIG Europe, where she held various positions of increasing responsibility in the finance area in Spain and Portugal for 12 years. In 2009, she was offered what she calls a life-changing opportunity: to join the Regional Financial Lines team for Latin America and the Caribbean. Navarro currently heads the Latin America and Caribbean Professional Liability and Cyber team for AIG with the responsibility for establishing underwriting strategy and implementing best practices across the region.

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