mary callahan erdoes is in a unique place to guide clients through turbulent times as ceo of the 3 trillion wealth and asset management business at jpmorgan chase she has the benefit of perspective from a 25year career at an institution that has navigated plenty of upheaval in its long history plenty of changes are roiling markets today as investors grapple with inflation rising interest rates and war in europe erdoes 54 says that war while tragic probably won’t have longlasting effects on us investors’ portfolios but inflation will 100 most influential women in us finance “most of the people who are experiencing these markets have not experienced inflation” she says “that’s a really important shift for people who invest for retirement” investors should rethink their holdings of cash it’s “like a security blanket” she says “it feels good but it’s not good for the long term” they should also rethink their bond portfolios in favor of illiquid assets and real estate and borrow while rates are still low erdoes celebrates an important change she has seen at the bank the increasing degree of diversity among its employees “we’ve got a long way to go” she says “but it’s far more diverse than when i started”