Created for BMO Insurance and BMO Global Asset Management

Across BMO Insurance and BMO Global Asset Management, these ten remarkable trailblazers are transforming what power looks like, bringing a mix of strategic insight, a clear sense of purpose and a modern approach to leadership.

In a traditionally male-dominated field, how have you built confidence in spaces where you might be the only woman in the room?

Asma Panjwani, MD and Head, Client Management, BMO Global Asset Management:

Early on, walking into a room where I was the only woman felt like stepping onto a stage where everyone was waiting to see if I’d measure up. But I quickly learned that confidence isn’t about fitting into someone else’s mould—it’s about owning your own value. I built that confidence by being prepared, speaking with intention and letting my work do the talking. Over time, credibility followed. Now I don’t think about “fitting in,” but what I can bring to the table that no one else can.

Tracey Klodt, VP, Head of Retail Insurance, BMO Insurance:

Confidence hasn’t always come easy, but my purpose has always been clear. When I walk into a room where I might be the only woman, or the only Black woman, I remind myself that the rent in that space has already been paid by women who came before me, and so I belong. On days when I feel shaky, I ground myself in that truth and in knowing my daughter is watching. My presence is not just for me. It’s for the women behind me, and beside me, who deserve to see themselves reflected in this industry.

How do you support other women in wealth, whether it be in your organization or more broadly?

Acushla Vestby, MD and Head, Structured Solutions Distribution and National Accounts:

I have made it a goal since taking my first leadership role to mentor as many newer employees as possible, and I have been asked by just as many men as women to give them advice and guidance. I believe the ultimate goal for any organization is for the best people to have great mentors, and the assurance that those in leadership roles want them to succeed.

Andrea Berger, Head, Change and Practice Management, BMO Insurance:

I try to support other women the way I hope someone would support me—by creating safe spaces for honest conversations, encouraging them to recognize their strengths and being a sounding board when the path forward isn’t clear. I’m intentional about sharing opportunities, giving credit where it’s due and reminding women they don’t have to do it all alone. Sometimes support is formal—like mentoring—and sometimes it’s as simple as a message that says, “You’ve got this.”

How do you think the wealth industry is changing for women, and what still needs to improve?

Kate MacDonald, VP, Portfolio Manager, BMO GAM:

The COVID-era provided proof of concept for a flexible work environment. I see this as a significant boon for my peers—both men and women—with children or aging parents. Greater flexibility to accommodate schedules broadens the scope for industry participation and is imperative to attract and support diversity in the workplace.

Sabrina Fanelli, Senior Associate, National Accounts, BMO GAM:

I’m impressed with the various programs to recruit and support women in their work and connection-making, both within BMO and offered by industry organizations such as VersaFi and Women in ETFs. To continue the momentum, I believe education is needed on the various career paths available within wealth—it’s not all just number crunching and sales.

Gillian Noble, VP, Chief Operating Officer, BMO Insurance:

More women are primary earners and financial decision-makers in households than ever before. However, women remain underrepresented in financial advisory roles and leadership within wealth management firms. Greater diversity is needed to reflect the client base and to bring in broader perspectives that foster trust. Many women feel overlooked or spoken down to in financial conversations. Engagement models should acknowledge the different ways women approach risk, planning and investing.

Mirella Fiore, VP, Business Development, BMO Insurance:

You can’t go against cold hard facts. There will be a significant transfer of wealth into women’s hands over the next several years. This shift provides a fantastic opportunity for women because women understand women—period. What needs to be improved is the perception that women are succeeding just because they are given more opportunity. This is not the case; women are succeeding in wealth because they are good at it, and they have earned a place at the table.

In your experience, how does workplace culture influence the development of a resilient leadership style, and how do you lead differently as a woman in today’s evolving business landscape?

Molly White, VP, Structured Solutions, BMO GAM:

A workplace that focuses on results and adding value, regardless of hierarchy and role, gives individuals the confidence to act on their ideas. I have been lucky to work with people who believe in me and have supported me in delivering on ideas or projects that required me to reach outside my comfort zone. It’s important to listen to what each person is bringing to the table and set aside your preconceived notions.

Katarina Nikolic, VP, Chief Corporate Underwriter, BMO Insurance:

Multitasking and agility are critical in the financial services industry today. As women, we have the unique ability to lead through speed and adaptability. We often excel at balancing competing priorities without losing sight of the big picture—all while staying connected to the human style of leadership. Early in my career, I realized that being the only woman in the room was an opportunity, not a disadvantage. I built confidence through preparation and subject matter expertise so that, when I spoke, I spoke with credibility, clarity and purpose. Women in leadership don’t need to be the loudest voices in the room to be heard: the strength of their ideas and the integrity behind their words speak volumes. Influence is built through substance.

Learn more about these inspiring leaders at bmowomeninwealth.paralucent.com.