Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >The value of strong relationships
    Business

    The Value of Strong Relationships

    Published by linker 5

    Posted on September 2, 2020

    5 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    An image depicting business professionals engaged in a collaborative meeting, emphasizing the importance of strong relationships in financial services amidst challenges. This reflects the article's insights on trust and resilience.
    Business professionals collaborating during a meeting on building strong relationships - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    By Rachel Houghton, managing director at Business Moves Group (BMG)

    Long before the pandemic, I recognised the value of strong relationships. Not just in terms of how professional partnerships can reap mutual benefit for the parties involved but on a personal level, too. It feels good to know you can be yourself with those you work with, regardless of what’s happening in the world.

    In times of crisis, we become more attuned to the relationships that enrich our home and work lives. It’s only when we must rely on one other, and when we let our guards down, that we can truly understand the power of a shared experience. If you have the right people around you, virtually or otherwise, you’re far more likely to join forces to become stronger, and to work together to see out the storm.

    Adaptability and resilience are crucial. Over the last few months I’ve found myself astounded, time and time again, by how the Business Moves Group teams have adapted and, in some cases, completely transformed to support each other and our clients’ businesses. We work with numerous financial services companies and it’s great to see that the same level of resilience and bravery has been embraced by the sector. The banks we work with are not only trialling new innovations to support customers during these turbulent times, but they’re also adapting their work models to ensure employees are safe, healthy, happy and engaged. That’s where we come in: it’s been an honour steering these organisations through such change.

    I am lucky to work with such a proactive, positive and driven team, one that is underpinned by the guiding principles of trust, bravery and loyalty. But, in reality, luck has little to do with it. Luck doesn’t build resilience, good leadership does. If you have built-in resilience, coupled with a team of people who aren’t afraid of venturing into the unknown or trying new things, then you will be able to pick yourself up even if the world turns upside-down. It’s about creating a stable foundation, and using that as a springboard for survival and success.

    Rachel Houghton

    Rachel Houghton

    Creating a solid and stable foundation demands unity, a shared vision, a sense of belonging and strong relationships. Mentoring is key, particularly when working with dispersed teams. Being a mentor isn’t about blowing smoke. It’s about challenging, empathising and guiding. It’s not about being right or providing solutions. It’s actually about fuelling confidence. It’s very much a two-way street, too. Both mentor and mentee can learn from each other’s mistakes and their shared learnings can be applied to almost every aspect of life.

    One of my biggest career lessons was realising that being true to yourself is a strength, not a weakness. Despite the progress concerning gender equality at work, we’ve still got a way to go. A case in point being that there are still misconceptions associated with how women in business think they should act in order to climb the corporate ladder.

    I’ve always been proud of the fact that I am one of the few female leaders in workplace management, an industry traditionally dominated by men. Despite being almost a generation younger than the rest of the leadership team, and relatively new to the industry, I was fortunate to be given the opportunity to join the BMG board early on because the senior team recognised the need for diversity and knew I’d bring a fresh perspective to the mix.

    My main objective back in 2008 when I first become MD, incidentally two weeks before the Lehman Brothers collapse, was to further enhance the BMG business. I therefore became the conduit for the inevitably difficult conversations with those I had previously worked alongside. Going from ‘colleague’ to ‘leader’ was quite unnerving. I had little experience in this arena, and no female role models in the business. I built a barrier and set boundaries to do what needed to be done.

    Being assertive helped me gain respect and buy in, but this was coupled with the fact that I rolled my sleeves up and got stuck in with delivering projects. I assume my colleagues’ were thinking – ‘she might be hard but she doesn’t ask us to do what she isn’t prepared to do herself’ – and I imagine that’s what helped me earn their trust. I started to shift into a mentor rather than just a boss, and slowly that barrier that I built up started to break away.

    As the business grew, so did my confidence. It wasn’t an overnight transformation, though. Bit by bit I started to feel confident in showing more of my nurturing side. I still kept some of those boundaries, of course, but I learned how to be more open.

    I’ve learned a lot along the way and I’m a very different leader now than I was back then. I’m truly grateful that I had the foresight to change, because I now have a team of courageous people who show who they really are, and who aren’t afraid to step into the arena. This means we can share ideas and fortunes. It enables us to build solutions that come from a sense of integrity. And we have a very successful business as a result.

    Successful leaders are not afraid to open themselves up or be challenged. They actively seek constructive criticism and new ideas. More importantly, though, the best leaders are comfortable in their own skin. Only when you’re true to yourself can you hope to take people on a journey with you. Now more than ever we recognise just how valuable relationships are. In many ways, we’re one another’s life-lines. We should celebrate that fact. And use it to propel us forward.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostWhy Working From Home Could Take Down Your Business – Beware These Security Threats
    Next Business PostHow to Avoid a Crisis Within Your Business