Barron’s 100 Most Influential Women in U.S. Finance: Teresa Heitsenrether

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Teresa Heitsenrether, one of the highest-ranking women at J.P. Morgan’s corporate and investment bank, is known for transforming businesses and delivering growth.

As global head of securities services, a role she assumed in 2015, Heitsenrether leads a team of more than 14,000 employees that provides custody (the safeguarding of customers’ assets), conducting accounting, performance management, and other services for institutional investment managers, pension funds, and governments.

100 Most Influential Women in U.S. Finance

She has led a strategic overhaul of the division, which generates $4 billion of the bank’s revenue annually. With $31 trillion in client assets under custody at the end of last year, up 16{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} from 2019, the business ranked among the three largest bank custodians.

“The progress we’ve made has been pretty remarkable in the past five years,“ says Heitsenrether, 56, who began as a trainee at Morgan Guaranty Trust in 1987 and became a member of

JPMorgan Chase’s

operating committee last year.

In 2017, Heitsenrether played a role in the bank’s win of a $1.6 trillion custody mandate from

BlackRock.

“Teresa has excelled in every role she’s had at J.P. Morgan,” says Daniel Pinto, co-president of JPMorgan Chase. Before transforming the securities services business, he says, she “successfully expanded our prime finance business internationally after the Bear Stearns acquisition.”

A mother of two adult daughters, she’s now involved in JPMorgan Chase’s initiatives to support women in their careers.

Corrections and Amplifications

Teresa Heitsenrether is 56 years old. An earlier version of this article incorrectly stated her age.

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Write to Daisy Maxey at [email protected]