MOSTPOWERFUL WOMEN

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Kaku Nakhate, 

President and India country head
age: 50
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In a particularly tricky fiscal, Nakhate has managed to steer the bank to an unlikely position of success. At a time when many multinational banks are whittling down their business in India, she has made this the most profitable market for the bank. Her push to focus on Bank of America Merrill Lynch’s global transaction services (GTS) in the wake of India’s digitisation moves has reaped dividends. India now contributes nearly a third of the total APAC volumes in the GTS business of the investment bank.
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