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2. Gail Kelly
Gail Kelly
CEO
Westpac
Country: Australia
2007 rank: 28

Kelly, who became CEO of Westpac eight months ago, already is working to reinvent Australia's second-largest bank. Her plan? To merge Westpac, which last year had gross revenues of $20.9 billion, with St. George Bank (her former employer) in an announced $15 billion deal that would create Australia's largest financial services company.

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Last updated September 29 2008: 1:21 PM ET
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