Wife is 5'3" and rides Shimano 11-speed hydraulic. Reach is fully adjustable. If you bleed the brakes yourself to ensure no air you can run the lever very close to the bar. Since they are so powerful they work well with a small woman's hands too which tend to be a bit less strong than most.
Even better is DI2 with the haydraulic brakes. No lever sweep, fully adjustable reach and brake power from hell.
Perfect for small hands.