People Moves North America: Wells Fargo, IBM, Reddit
In a week where Jane Fraser started her new role as CEO of Citi, marking a first for the global banking group, and two Goldman Sachs’ heads get set to depart, according to word on Wall Street, one for a fintech startup, the other for an investment fund, we highlight some of the biggest executive moves in North America.
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Kathryn Guarini becomes Chief Information Officer for IBM
Long-time IBM veteran Kathryn Guarini has stepped into the role of Chief Information Officer following the departure of Fletcher Previn. Previously serving as Chief Operations Officer and VP of impact science in IBM Research, Guarini led the IBM Research transformation to increase impact, extend tehnical distinction and improve the operational efficiency of the division.
With a PhD in applied physics and more than 60 patents, Guarini brings not just technical eminence, but a "proven track-record in building organisational capability" and a passion for "mentoring, inspiring and recruitng scientists and engineers of all ages, especially women", says Jim Kavanaugh, IBM's Chief Financial Officer.
Genevieve Piche to lead Banking ESG at Wells Fargo
Seasoned banker Genevieve Piche is taking up a newly created role, as Head of Banking, Environmental, Social and Governance (ESG) Solutions within Wells Fargo. With two decades of experience within Wells Fargo already in hand, most recently leading the Asset Management coverage team in CIB, Piche brings to the role strong relationship management, product, and credit experience, as well as “extensive leadership experience and a passion for all aspects of ESG”, states Rob Engel, head of Banking.
In this brand-new role, created due to a surge in client demand for ESG products and services, Piche will drive a cohesive approach to meet accelerated demand for ESG products in the Corporate and Investment Bank and will partner up to help drive a holistic firm-wide response to evolving ESG opportunities.
Manjit Singh becomes CFO of Sun Life Financial
Having worked in financial services both in Canada and internationally for 25 years, Manjit Singh has been appointed Executive VP and CFO for leading international financial services organisation Sun Life Fnancial. Joining from a major Canadian bank where he was most recently Executive VP of Finance, Singh is a “passionate leader with a strong client focus who will support the ongoing transformation of our finance function” states Kevin Strain, Executive VP and CFO. He will be a “strong addition to our executive team” at what is a “critical time for our organisation and our industry”, adds Strain.
Allison Miller named CISO at Reddit
Industry expert and innovator Allison Miller has been appointed Chief Information Security Officer (CISO) and VP of Trust at Reddit. Most recently at Bank of America, Miller arrives at Reddit’s door with two decades of experience in scaling teams and technology that protect people and platforms. Miller is known for pioneering the development of real-time risk prevention and detection systems running at internet-scale and has led major initiatives to engineer the defenses for core payment and ecommerce systems.
Miller brings both her “extensive technical acumen and executive leadership to the Reddit family”, states Reddit's CTO Chris Slowe, and “will play an instrumental role in helping to ensure that our platform is safe for our users, trusted to act with integrity, and secure against adversaries big and small”.
Eric Lane leaves Goldman’s to be COO of Tiger Global
Having spent 25 years with Goldman Sachs, becoming a managing director in 20021 and a partner in 2002, Lane will no doubt be an asset to Tiger Global, which manages around US$50 billion with around half in its hedge fund business and the rest in its venture capital unit. Lane will join later this year to replace current COO and CFO, Anil Crasto, who is retiring.
5 Ways Leaders Can Create a Healthy Workplace Culture
This week (14th-20th June 2021) is Men’s Health Week. Physical and mental well-being have been important considerations for leaders over the past year, and it is essential this focus is maintained as we build back for the future. Here we have asked 5 experts for practical tips leaders can implement to create healthy workplace cultures.
Know the early signs of burnout
Recently it was reported by the BBC that burnout for health and social care staff had reached emergency levels.
Monkey Puzzle Training Co-Founder Karen Meager has studied the burnout recovery process in partnership with Coventry University: “The past year has seen people suffer from job-loss worries, work from home challenges, isolation, and feeling overworked. These are continuing, and all have the potential to contribute towards burnout. Healthcare workers, executives, leaders, managers and small business owners will continue to be the top people to suffer from extreme burnout.”
“At the onset of burnout, people commonly enter a phase of denial. So leaders need to be aware of those who are reluctant to take their time off, are compelled to work all hours, or have changes in their behaviour or mood, as these can all be indications of burnout taking hold. Encouraging them to take a burnout self-test provides a starting point to supporting these employees through recovery, as is role modelling healthy sustainable ways of working.” Karen suggests.
Encourage professional self-reflection
Creating an environment that encourages self-reflection is an effective tool for promoting personal development. Journaling may not be something you instantly think of for professional development; however, it is a successful technique for adults to aid mindfulness and productivity. “Journaling is a form of self-expression that can empower you to understand your feelings and ambitions and how to deal with them, therefore promoting positive well-being and a healthy workplace culture,” describes Elisa Nardi, founder of Notebook Mentor.
“Just 15-20 minutes of journaling a day over the course of four months are enough to lessen the impact of physical stressors on your health,” explains Elisa. “It can also inspire creativity, aid your memory, and help set actionable goals. It is an underused tool that can help employees manage tricky workplace situations such as conflict, illness or new leadership roles.”
Manage your stress and resilience too
As a leader or manager, often, your complete focus is on the business or protecting your team, but you cannot pour from an empty cup. Leaders should also have strategies in place to manage their own stress, so they can sustain high levels of positive energy throughout the day. “Fueled by a burning desire for success, I ignored all the warning signs of exhaustion, which eventually took its toll on me - I literally collapsed from stress, and I didn’t even see it coming.” reflects Sascha Heinemann, an expert in Performance Recovery and Stress Resilience.
“When leaders manage their energy, create healthy daily habits, and practice resilience, they are able to perform to their fullest capacity and to provide the best possible support for others.”
“Taking a break every 90 minutes or so helps you to refuel, recharge, and re-energize and ultimately allows you to get more accomplished, in less time, at a higher level of quality, and more sustainably. This role model contributes dramatically to a healthier, more engaged, sustainable, and productive workplace culture," he adds.
Instil a sense of purpose for your team
The idea that success equals working 12-15 hour days and giving everything of yourself to your workplace continues to prevail in many organisations. This is not healthy, nor is it productive for anyone involved. “The healthiest and happiest workplace cultures are the ones that are organised around purpose.” describes business and life coach Anand Kulkarni.
“Leaders should be giving meaning to the work they are doing within their business and beyond and sharing this purpose with their staff, rather than focusing on long hours, crippling workloads or someone else’s idea of ‘success’. When people understand why they are doing what they do and how this contributes to something greater, productivity and well-being is increased.” adds Anand.
Promote well-being from the top down
Leaders need to act as role models if well-being is to become embedded at the very core of the organisation. It’s very unlikely that employees will start acting in a new way that puts their own needs first if the leadership team continues to behave in an entirely different manner.
‘Many organisations have worked hard in recent months to put new policies in place that better support well-being, promote hybrid working and attempt to set clear boundaries, but many leaders seem to assume that they are exempt from it all, that’s when it all falls over’, explains leadership experts Martin Boroson and Carmel Moore, from The One Moment Company.
A recent ONS report into Homeworking in the UK revealed that people are on average working 6 hours extra per week, and many are working until late in the evening, indicating that the boundaries between work and life are more blurred than ever.
“Despite all of these wonderful opportunities for people to self-organise, if the leadership team continues to work in the office Monday to Friday, or are communicating at all hours, then it’s a clear indicator that hybrid working is simply a ‘bolt-on’ tactic rather than an integral part of the company’s approach to promoting the importance of maintaining a healthy work-life balance.’