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Bank Leumi USA - Female Executive of the Year

 

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Company: Bank Leumi USA, New York, NY
Entry Submitted By: Intermarket Communications
Company Description: Bank Leumi USA (Leumi) is a full-service commercial and private banking institution providing financial services to middle market firms, as well as a full range of private banking solutions to domestic and international clients. Leumi, which has operated in the U.S. for more than 60 years, is part of the Leumi Group, one of Israel's largest banks.
Nomination Category: Individual Awards Categories
Nomination Sub Category: Female Executive of the Year – Business Services –11 to 2,500 Employees

Nomination Title: Natalie Myshkina, First Senior Vice President and Head of Strategy

Describe for the judges the activities and accomplishments of the nominated executive since the beginning of July last year (up to 525 words):

Natalie Myshkina is an ideal candidate for Female Executive of the Year because of her business acumen, leadership within Leumi and passionate commitment to meaningful causes. Arriving in America in the late 1990s with limited English skills, a small suitcase and few funds, Myshkina has built an impressive career through education, hard work and the support of her community, serving as an inspiration for all businesswomen.

As First Senior Vice President and Head of Strategy for Bank Leumi USA, Myshkina has been instrumental in driving the Bank’s latest transformation program and growth. She strategically supported a $40 million IT overhaul by mapping the Bank’s operating model and platform for future growth. She strategized and developed a go-to-market plan for how the Bank could secure its position in the high-net-worth private banking industry while developing a new incentive compensation plan for the bankers. The Bank’s transformation has resulted in almost 300% ROE growth since 2014.

Most significantly, Myshkina has led Leumi’s newest commercial banking industry division from conceptual development through implementation. Launched in March 2017, Bank Leumi USA’s Water Group provides banking services to water-focused companies looking to expand domestically or internationally. Tasked with identifying industries in which the Bank could build niche expertise, Myshkina researched and pinpointed water as a prime growth area, highlighting that $4.8 trillion would be required over the next two decades to shore up critical infrastructure, according to the American Society of Civil Engineers. Water is an exponentially growing market in the U.S. that is quickly becoming a hot area of technological innovation. When faced with initial skepticism, Myshkina advocated for the strategy and convinced senior stakeholders of the plan’s value. Furthermore, in the past year, she has singlehandedly spearheaded the initiative towards launch by defining a market-entry strategy, creating a comprehensive marketing plan, building industry connections, and educating best-fit bankers to fill client-facing positions.

As a result of Myshkina’s efforts, the Water Group has thrived since inception and has generated significant business. The Bank forecasts that over $120 million in deals will close within the next year, and there is an extensive pipeline for new clients. The initiative has spurred interest among other business lines, with private banking clients inquiring about investment opportunities in water-focused companies. There has been international interest as well, leading to referrals to Leumi’s bankers in Israel and Europe.

Myshkina has also made it her priority to mentor Leumi’s female employees, serving as an Executive Sponsor of the Bank’s Women Leadership Initiative. Recognizing the crucial impact of mentorship on her own success, Myshkina takes an active role in the professional development of not only her formal mentees but her entire staff.

Outside the office, Myshkina pursues a number of community service projects to further her professional and personal interests. This includes serving on the Advisory Board of Reach the World, a nonprofit that broadens children’s horizons by digitally connecting classrooms to travelers across the globe. She also is a member of the Water Environment Federation and the American Water Works Association – not only because of Leumi’s business in the sector, but also because she is truly passionate about finding strategies to address impending

Provide a brief biography of the nominated executive (up to 125 words):

Natalie Myshkina joined Bank Leumi USA in 2014 as Head of Strategy, tasked with identifying and guiding the Bank’s U.S. growth initiatives. Under her leadership, the Bank has yielded a significant increase in ROE over a three-year period. She also spearheaded the launch of the Bank’s Water Group, which provides banking services to innovative water-focused companies looking to expand domestically or internationally.

Previously, Ms. Myshkina served as an Engagement Manager at McKinsey & Company, where she focused on the financial and utilities sectors. Previously, she was the Head of Debt Collection and Credit Risk Management Division for SocGen Rosbank.

Ms. Myshkina holds an MBA from INSEAD and the Wharton School of Business and a Master’s degree in Computer Engineering from Belarusian National Technical University.