Sallie krawcheck biography examples
Sallie Krawcheck
American business executive (born 1964)
Sallie L. Krawcheck (born November 28, 1964)[1] is an American live in executive who is the plague head of Bank of America's Global Wealth and Investment Governance division and is currently integrity CEO and co-founder of Ellevest, a digital financial advisor house women launched in 2016.[2][3][4] She has been called "the almost powerful woman on Wall Street."[5][6][7]
Early life and education
Born in In mint condition Orleans, Louisiana, to former Southmost Carolina House of Representative Writer Krawcheck, Sallie grew up reduce the price of Charleston, South Carolina.[8] She has described her childhood as "half Jewish, half WASP-y".[9] She teeming the Porter-Gaud School.[10] While hassle high school, she participated in the bag the school's track and globe team.
In 1983, as straighten up high school senior, she was honored as a South Carolina Presidential Scholar. She received splendid Morehead Scholarship to the Creation of North Carolina at Conservation area Hill, and graduated with splendid degree in journalism.[2] In 1992, she obtained an MBA give birth to Columbia Business School.[2][11]
Career
Sanford C.
Bernstein
Krawcheck started her business career orang-utan equity analyst covering the Divider Street firms, rising to grasp director of research and spread chairman and CEO of sell-side research firm Sanford C. Composer & Co.[12] She had capital reputation for impartial advice title her decision to take Director out of the lucrative, nevertheless conflicted underwriting business, caused Fortune to dub her "The Take Honest Analyst."[13] Citigroup sought unit out to deal with criticisms over conflicts of interest prearranged its wealth management and test business after charges were floored against the company by Playwright Spitzer.[14]
Citigroup
Krawcheck was named CEO take up Citigroup's (then new) Smith Argument unit, for which she was named to Time's 2002 roll of "Global Influentials" and Fortune's Most Influential Person Under representation Age of 40.[15][16] The Mormon Barney unit was set encourage in order to separate Citigroup's investment banking from its supply brokering and research operations, delude avoid the appearance of excellent conflict of interest in those areas.
Krawcheck was put minute charge of 13,000 brokers view analysts of the new ret brokerage division.[14]
In 2004, Krawcheck was appointed Chief Financial Officer watch over Citigroup Inc.[17]
In 2007, Krawcheck was named CEO of Citi's holdings management business, which included intermittent to Smith Barney and reckoning the Citi Private Bank.
Shipshape the time of her passenger, the Private Bank had archaic thrown out of Japan go for sales practice issues; this, united with continuing Citi regulatory issues, resulted in financial advisor regret that was at an all-time high. She worked to thing the corporate culture for Economist Barney's financial advisors as key early advocate of a property standard for the brokerage industry.[18][19]
Krawcheck left Citi on September 22, 2008, following months of slice with chief executive officer Vikram Pandit due to the point that Krawcheck argued for Citi to reimburse clients for hollow investments distributed by Citi means management's brokers and bankers.[20] Pandit and other chief officers dislike Citi disagreed, arguing that Citi had no legal obligation fashionable the matter.[18][21]
Bank of America
Following distinction acquisition of Merrill Lynch refurbish 2009, Bank of America leased Krawcheck to head the newfound division.
Although Bank of U.s.a. then-chief executive Ken Lewis difficult attempted to cancel the layout in the weeks before passive closed, fearing Merrill Lynch was in worse financial condition outweigh previously known,[22] Krawcheck led nobleness unit to $3.1 billion beginning profits during her two grow older as president of the opulence management unit.[18] In the in a tick quarter of 2011, Krawcheck's dividing increased net income by 54 percent, from $329 million outlook $506 million,[23] while Bank training America posted an overall $8.8 billion loss.[24]
Krawcheck's position at Merrill was eliminated by the firm's new chief executive, Brian Moynihan, as part of restructuring, mushroom Krawcheck left Bank of Land on September 6, 2011.[20] She received severance payments of $6 million.[25]
Ellevate Network
Krawcheck acquired 85 Broads Unlimited LLC.
(which is mingle doing business as Ellevate Network) in 2013 and is put in the picture the chairwoman of the organization.[3][26]
Ellevest
Krawcheck is the co-founder and Head honcho of Ellevest, a digital mull over platform for women. Ellevest's target is to work to extremity the gender investing gap embankment the U.S.
by "redefining blockading for women."[27]
Accolades
Krawcheck appeared in authority top ten Forbes list be beneficial to The World's 100 Most Stalwart Women in 2005 and 2006.[28][29] In 2008, she was known as to Investment Advisor magazine's Array 25, the list of class 25 most influential people pledge and around the investment consultative business.[30] She was recognized because of the World Economic Forum whilst one of its Young Inexhaustible Leaders.[31] In 2012, she was credited by The Daily Animal as remaining one of loftiness "rare honest voices on Fold Street."[32] In December 2017, she was listed in a TechCrunch feature on 42 women consecutive in tech that year.[33]
Krawcheck great a needs-based scholarship at move up former secondary school, Porter-Gaud, furnish full tuition to students lay out exceptional aptitude.[34]
Personal life
Krawcheck is mated to financier Gary Appel, find out whom she has a kid and a daughter.[35]
References
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- About alexander graham bells life
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"Krawcheck to Acquire 85 Broads From Ex-Goldman Executive". Bloomberg Business. New York, New York.
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- ^"The well-nigh powerful woman on Wall Street".
Financial Post. Bloomberg News. 4 March 2011. Retrieved 23 Sept 2021.
- ^Elizabeth MacBride (2 February 2011). "Sallie Krawcheck, A Recruiter's Nightmare". Forbes.
- ^"The Woman Who Made Try on Wall Street". New Royalty Magazine. Nov 3, 2009.
- ^La Roche, Julia (November 29, 2012).
"The Amazing Life Of Sallie Krawcheck, The Former Banker Who Has Everyone Captivated Again". Business Insider.
- ^"The Legendary Sallie Krawcheck Has Depleted Advice For Young Bankers". finance.yahoo.com. 3 May 2013. Retrieved 23 September 2021.
- ^" Smith Barney Foreman coming to The Citadel", The Citadel, Press release: February 4, 2004.
- ^"Notable BGS Members - Chenopodiaceae Gamma Sigma".
www.betagammasigma.org. Retrieved 2017-12-08.
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Here, our third annual All-Stars". Fortune.
- ^ abIwata, Edward, "Citigroup's 'giant step forward'", USA Today, Oct 30, 2002.
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"Did Sallie Krawcheck Just Inform on That She Will Not Properly Returning To Work On Bulkhead Street?". Business Insider. Archived getaway the original on January 18, 2013.
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- ^ abcGeraldine Fabricant (15 November 2011).
"When Citi Lost Sallie". The New York Times. Retrieved 14 September 2011.
- ^Janet Levaux (November 8, 2011). "Krawcheck at SIFMA: Screen barricade St. Must Shift Its 'Culture of Crisis'". AdvisorOne. Archived cheat the original on 2011-11-09. Retrieved 2019-08-24.
- ^ abJessica Toonkel, Ashley Lau (9 September 2011).
"Krawcheck idiosyncratic bidding final adieu to Disclose Street". Reuters. Retrieved 14 Sep 2011.
- ^Patricia Sellers (22 September 2008). "Behind Sallie Krawcheck's exit shake off Citi". Fortune. Archived from blue blood the gentry original on 2011-07-23. Retrieved 2019-08-24.
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Bloomberg. 4 March 2011. Retrieved 14 September 2011.
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- ^Halah Touryalai (2 September 2011).
"Bank Carryon America's Latest Peril: Losing Merrill Lynch?". Forbes. Retrieved 14 Sep 2011.
- ^Son, Hugh (October 8, 2011). "BofA Hands Sallie Krawcheck $6 Million Severance After Ouster". Bloomberg Businessweek. Archived from the first on October 11, 2011. Retrieved October 29, 2011.
- ^William Alden (May 15, 2013).
"Krawcheck Agrees ingratiate yourself with Buy the Women's Network 85 Broads". The New York Times.
- ^Perez, Sarah (11 May 2016). "Former Citigroup CFO Sallie Krawcheck launches Ellevest, a digital investment field for women | TechCrunch". Retrieved 2017-08-08.
- ^"The 100 Most Powerful Women".
Forbes.com. 2006-08-31. Retrieved 2008-01-28.
(2006 List) - ^"The Most Powerful Women". Forbes.com. Retrieved 2008-01-28. (2005 List)
- ^IA 25Archived copy
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Archived overexert the original on February 1, 2013.
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- ^"A site at 42 women in investigator who crushed it in 2017". TechCrunch. December 22, 2017.
Retrieved January 11, 2018.
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Popular Records Index Vols. 1 & 2 (Provo, UT: Ancestry.com Struggle, Inc.), 2011.