Banks, 41, said she has bi-annual meetings with the "Paper Towns" actress and model Kloss to discuss "strategy", reported Entertainment Weekly.
"The modelling industry during my hey day was really about supermodels - household name supermodels, like Cindy Crawford, Claudia Schiffer.
"Cut to ten years later, it's making a shift, and I think it's because of social media. So now, we have Cara Delevingne and we have Karlie Kloss... Girls like that, that are breaking through the clutter, and are now becoming known.
"We meet a couple of times a year. We do strategy maps, and then they'll go off and they'll execute, then they'll come back and we check in again. It's nice to see that what they're doing is working.
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