Company: Jones Publishing (Citywealth), London, United Kingdom
Company Description: Citywealth is a publishing and events company diffusing up to date financial news through its website, monthly e-newsletter, and two printed annual magazines, and recognises excellence within the wealth management sector through their yearly awards. It seeks to support women in the sector through its networking clubs to reach their maximum potential along their career path
Nomination Category: Achievement Categories
Nomination Sub Category: Achievement in International Expansion
 Nomination Title: Karen Jones, CEO, Citywealth
- Which will you submit for your nomination in this category, a video of up to five (5) minutes, explaining the nominated achievements since July 1 of 2022, OR written answers to the questions? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video. If you are submitting written answers to the questions, provide them in the appropriate spaces below:
- Briefly describe the nominated organization: history and past performance (up to 200 words):
Total 200 words used.
Citywealth, an award winning publishing and events platform to connect the global wealth management industry, was founded in 2005 by multiple award winning entrepreneur Karen Jones. The company publishes a weekly online magazine (12,000 registered users) and has two websites (60,000 visitors per year).
It runs six yearly awards - Magic Circle Awards, International Financial Centre Awards, Powerwomen Awards International, Powerwomen Awards USA, Brand Management & Reputation Awards, Tomorrow Club Awards – established to recognise the best wealth professionals in different categories.
In further support of the wealth management industry, Citywealth created clubs offering networking events - Tomorrow Club to mentor those in their first/second job, WP Club for established wealth professionals, Crypto Club for crypto investment professionals. They meet four times a year.
In addition, the annual Citywealth Forum explores a variety of topics of interest to the wealth industry debated by government statespersons and global thought leaders within a geopolitical context.
Citywealth also offers a unique online search tool, Leaders List, to find the best independently verified wealth advisors.
Karen Jones has so far won nine Stevie awards and a Business Woman of the Year award from the London Chamber of Commerce SME Business Awards 2024
- Outline the organization's achievements since the beginning of last year that you wish to bring to the judges' attention (up to 250 words):
Total 244 words used.
The first Citywealth Powerwomen Awards, launched in 2014 and taking place in London every year since, were extended to the USA in 2023. These awards had been established to recognise the outstanding achievements of women and support their career progression within the wealth management sector, an industry traditionally difficult for women to break into.
Encouraged by the increasing amount of traffic on the Citywealth website from the USA, Karen undertook research trips to the United States prior to extending the awards to the biggest wealth management market in the world. Due to keen demand, Karen was ready to launch Powerwomen Awards USA and the first event took place in March 2023 in New York City. Open to both individuals and companies who support female leadership and diversity within the wealth management sector, such giants of the corporate world as Bank of America, Deutsche Bank, JP Morgan and Citigroup amongst others, won awards for championing women’s leadership within their organisations. 70 high profile women from the wealth management sector attended the event including the head of JP Morgan.
The awards pride themselves at not being exclusively for women. They are supported by many leading male wealth professionals such as Joshua Rubenstein, attorney and head of New York based international law firm Katten Muchin Rosenman LLP for example, who sponsored the awards in 2023 and 2024. The awards took place in the heart of Manhattan, in the prestigious building of Deutsche Bank Centre overlooking Rockefeller Centre.
- Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 147 words used.
The Citywealth Powerwomen USA are significant as they are the extension of well-established and proven awards that have been tested for over ten years in London. They are the result of many years of research undertaken with academics from the London School of Economics and London University, who had advised founder Karen Jones to include men at all levels - as champions, mentors and judges. Promoting male contribution - integrating genders and not separating them – was the guiding principle behind the initiative.
Promoting male contribution has been a very successful initiative. As men still hold the majority of senior corporate positions, their support has been of immense value.
Karen has always been at the forefront of the inclusivity and diversity movement and the Powerwomen Awards International in London and now the Powerwomen USA are further testimony to her dedication of helping women along their career paths.
- Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 187 words used.
- Video clip of Karen explaining the background to Powerwomen Awards and how she went on to create the Powerwomen Awards USA.
- Survey Feedback from Powerwomen Awards giving testimonials from participants in the PWA USA and PWA International. They highlighted the benefits of participating in the events and gaining awards such as increasing self-confidence, getting promotion and improving the policy towards women within their organisations.
- Photos:
- Claudia Caffuzzi, vice chairman and managing director of JP Morgan Bank, receiving the Woman of the Year – Career Achievement award 2024 from Karen Jones at the Powerwomen Awards USA 2024
- New York attorney Joshua Rubenstein, head of law firm Katten Muchin Rosenmann LLP and sponsor of the event, with Ronni Davidowitz, recipient of the Champion of the Year gold award 2024 in NYC
- Lauren Cramer, partner at law firm McLaughlin & Stern LLP, who received a gold award in the Woman of the Year – Government, Regulatory and Not-for-profit Organisation category. She’d travelled to London to attend the PWA International that took place prior to the New York event and was exceptionally handed her award early in recognition of her support.
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