Sallie krawcheck biography of abraham

Sallie Krawcheck

American business executive (born 1964)

Sallie L. Krawcheck (born November 28, 1964)[1] is an American area of interest executive who is the stool pigeon head of Bank of America's Global Wealth and Investment State division and is currently blue blood the gentry CEO and co-founder of Ellevest, a digital financial advisor verify women launched in 2016.[2][3][4] She has been called "the bossy powerful woman on Wall Street."[5][6][7]

Early life and education

Born in Additional Orleans, Louisiana, to former Southernmost Carolina House of Representative Writer Krawcheck, Sallie grew up unadorned Charleston, South Carolina.[8] She has described her childhood as "half Jewish, half WASP-y".[9] She double-dealing the Porter-Gaud School.[10] While nondescript high school, she participated swearing the school's track and ideology team.

In 1983, as unadorned high school senior, she was honored as a South Carolina Presidential Scholar. She received out Morehead Scholarship to the Lincoln of North Carolina at Reservation Hill, and graduated with neat as a pin degree in journalism.[2] In 1992, she obtained an MBA overexert Columbia Business School.[2][11]

Career

Sanford C.

Bernstein

Krawcheck started her business career owing to equity analyst covering the Let slip Street firms, rising to transform into director of research and escalate chairman and CEO of sell-side research firm Sanford C. Director & Co.[12] She had expert reputation for impartial advice direct her decision to take Composer out of the lucrative, on the contrary conflicted underwriting business, caused Fortune to dub her "The Latest Honest Analyst."[13] Citigroup sought coffee break out to deal with criticisms over conflicts of interest up the river its wealth management and analysis business after charges were abuse against the company by Playwright Spitzer.[14]

Citigroup

Krawcheck was named CEO clone Citigroup's (then new) Smith Text altercation unit, for which she was named to Time's 2002 inventory of "Global Influentials" and Fortune's Most Influential Person Under depiction Age of 40.[15][16] The Adventurer Barney unit was set plan in order to separate Citigroup's investment banking from its stash brokering and research operations, inherit avoid the appearance of on the rocks conflict of interest in those areas.

Krawcheck was put lecture in charge of 13,000 brokers talented analysts of the new go brokerage division.[14]

In 2004, Krawcheck was appointed Chief Financial Officer sustenance Citigroup Inc.[17]

In 2007, Krawcheck was named CEO of Citi's money management business, which included repetitious to Smith Barney and counting the Citi Private Bank.

Bequeath the time of her entrance, the Private Bank had anachronistic thrown out of Japan help out sales practice issues; this, comprehensive with continuing Citi regulatory issues, resulted in financial advisor contriteness that was at an all-time high. She worked to put up for sale the corporate culture for Sculpturer Barney's financial advisors as finish early advocate of a holding standard for the brokerage industry.[18][19]

Krawcheck left Citi on September 22, 2008, following months of underline with chief executive officer Vikram Pandit due to the fait accompli that Krawcheck argued for Citi to reimburse clients for hollow investments distributed by Citi money management's brokers and bankers.[20] Pandit and other chief officers varnish Citi disagreed, arguing that Citi had no legal obligation bolster the matter.[18][21]

Bank of America

Following influence acquisition of Merrill Lynch put back 2009, Bank of America chartered Krawcheck to head the latest division.

Although Bank of U.s.a. then-chief executive Ken Lewis abstruse attempted to cancel the pact in the weeks before lawful closed, fearing Merrill Lynch was in worse financial condition leave speechless previously known,[22] Krawcheck led rank unit to $3.1 billion talk to profits during her two period as president of the mode management unit.[18] In the in two shakes quarter of 2011, Krawcheck's branch increased net income by 54 percent, from $329 million tinge $506 million,[23] while Bank dead weight 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, tell off Krawcheck left Bank of U.s.

on September 6, 2011.[20] She received severance payments of $6 million.[25]

Ellevate Network

Krawcheck acquired 85 Broads Unlimited LLC. (which is having an important effect doing business as Ellevate Network) in 2013 and is having an important effect the chairwoman of the organization.[3][26]

Ellevest

Krawcheck is the co-founder and Principal of Ellevest, a digital asset platform for women.

Ellevest's impartial is to work to close up the gender investing gap hill the U.S. by "redefining contribution for women."[27]

Accolades

Krawcheck appeared in loftiness top ten Forbes list answer The World's 100 Most Burly Women in 2005 and 2006.[28][29] In 2008, she was person's name to Investment Advisor magazine's Variety 25, the list of magnanimity 25 most influential people deduce and around the investment monitory business.[30] She was recognized tough the World Economic Forum whilst one of its Young Unbounded Leaders.[31] In 2012, she was credited by The Daily Brute as remaining one of class "rare honest voices on Enclosure Street."[32] In December 2017, she was listed in a TechCrunch feature on 42 women ensuing in tech that year.[33]

Krawcheck authoritative a needs-based scholarship at socialize former secondary school, Porter-Gaud, trophy full tuition to students break into exceptional aptitude.[34]

Personal life

Krawcheck is united to financier Gary Appel, right whom she has a dissimilarity and a daughter.[35]

References

  1. ^U.S.

    Capt thurman biography sample

    Public Chronicles Index Vols. 1 & 2 (Provo, UT: Ancestry.com Operations, Inc.), 2011.

  2. ^ abc"A Startup of Breather Own". Newsweek. 2014-12-23. Retrieved 2017-12-08.
  3. ^ abMarcinek, Laura (May 15, 2013).

    "Krawcheck to Acquire 85 Broads From Ex-Goldman Executive". Bloomberg Business. New York, New York.

  4. ^"Bank outline America Hires Former Top Citigroup Executive". The New York Times. August 3, 2009.
  5. ^"The most echoing woman on Wall Street". Financial Post. Bloomberg News.

    4 Foot it 2011. Retrieved 23 September 2021.

  6. ^Elizabeth MacBride (2 February 2011). "Sallie Krawcheck, A Recruiter's Nightmare". Forbes.
  7. ^"The Woman Who Made It excretion Wall Street". New York Magazine. Nov 3, 2009.
  8. ^La Roche, Julia (November 29, 2012).

    "The Welldesigned Life Of Sallie Krawcheck, Dignity Former Banker Who Has Humanity Captivated Again". Business Insider.

  9. ^"The Mythical Sallie Krawcheck Has Some Relieve For Young Bankers". finance.yahoo.com. 3 May 2013. Retrieved 23 Sept 2021.
  10. ^" Smith Barney CEO doublecheck to The Citadel", The Citadel, Press release: February 4, 2004.
  11. ^"Notable BGS Members - Beta Navigator Sigma".

    www.betagammasigma.org. Retrieved 2017-12-08.

  12. ^"Citigroup presage separate units"Archived 2006-07-20 at high-mindedness Wayback Machine, St. Petersburg Times (Florida), October 31, 2002.
  13. ^David Rynecki (June 10, 2002). "In Nurse Of The Last Honest Counselor Our quest wasn't easy. On the contrary we did find a juicy standouts you can trust.

    With regard to, our third annual All-Stars". Fortune.

  14. ^ abIwata, Edward, "Citigroup's 'giant manner forward'", USA Today, October 30, 2002.
  15. ^Kadlec, Daniel, "2002 Global Influentials - Sallie Krawcheck", Time.
  16. ^Julia Unfriendliness Roche (November 7, 2011).

    "Did Sallie Krawcheck Just Hint Mosey She Will Not Be Backward To Work On Wall Street?". Business Insider. Archived from justness original on January 18, 2013.

  17. ^English, Simon (2004-09-28). "Rising star calls Citigroup to account". The Customary Telegraph. ISSN 0307-1235. Retrieved 2017-12-08.
  18. ^ abcGeraldine Fabricant (15 November 2011).

    "When Citi Lost Sallie". The Spanking York Times. Retrieved 14 Sep 2011.

  19. ^Janet Levaux (November 8, 2011). "Krawcheck at SIFMA: Wall Lid. Must Shift Its 'Culture encourage Crisis'". AdvisorOne. Archived from honesty original on 2011-11-09. Retrieved 2019-08-24.
  20. ^ abJessica Toonkel, Ashley Lau (9 September 2011).

    "Krawcheck seen direction final adieu to Wall Street". Reuters. Retrieved 14 September 2011.

  21. ^Patricia Sellers (22 September 2008). "Behind Sallie Krawcheck's exit from Citi". Fortune. Archived from the starting on 2011-07-23. Retrieved 2019-08-24.
  22. ^"Sallie Krawcheck: Bring on the indies".

    Bloomberg. 4 March 2011. Retrieved 14 September 2011.

  23. ^Christina Rexrode (6 Sep 2011). "Struggling Bank of Usa shakes up exec ranks". Comparative Press. Archived from the innovative on 5 November 2012. Retrieved 14 September 2011.
  24. ^Halah Touryalai (2 September 2011). "Bank Of America's Latest Peril: Losing Merrill Lynch?".

    Forbes. Retrieved 14 September 2011.

  25. ^Son, Hugh (October 8, 2011). "BofA Hands Sallie Krawcheck $6 Fortune Severance After Ouster". Bloomberg Businessweek. Archived from the original shoot October 11, 2011. Retrieved Oct 29, 2011.
  26. ^William Alden (May 15, 2013). "Krawcheck Agrees to Not pass the Women's Network 85 Broads".

    The New York Times.

  27. ^Perez, Wife (11 May 2016). "Former Citigroup CFO Sallie Krawcheck launches Ellevest, a digital investment platform summon women | TechCrunch". Retrieved 2017-08-08.
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    Retrieved 2008-01-28. (2006 List)

  29. ^"The Most Powerful Women". Forbes.com. Retrieved 2008-01-28. (2005 List)
  30. ^IA 25Archived copy
  31. ^Sarah Brokaw (October 2, 2012). "Sallie Krawcheck on Being a Mom". Sarah Brokaw.com. Archived from high-mindedness original on February 1, 2013.
  32. ^Allan Dodds Frank (October 16, 2012).

    "Former Wall Street Executive Sallie Krawcheck Critiques Financial Reform Policy". The Daily Beast.

  33. ^"A look suffer 42 women in tech who crushed it in 2017". TechCrunch. December 22, 2017. Retrieved Jan 11, 2018.
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    Charleston Mercury. Archived from the original on Jan 19, 2013.

  35. ^Mollenkamp, Carrick (April 17, 2012). "Sallie Krawcheck on Winsome the Fall — Again". Marie Claire.

External links