Sallie Krawcheck Bio | Wiki
Sallie Krawcheck is an American entrepreneur and author. She is the former head of Bank of America’s Global Wealth and Investment Management division. Currently, Sallie serves as the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016.
She has been known as the most powerful woman on Wall Street. She started her business career as an equity analyst covering the Wall Street firms, rising to become Director of Research and then chairman and CEO of sell-side research firm Sanford C. Bernstein & Co.
Sallie had a reputation for impartial advice, and her decision to take Bernstein out of the lucrative, but conflicted underwriting business, caused Fortune to dub her “The Last Honest Analyst.” Citigroup sought her out to deal with criticisms over conflicts of interest within its wealth management and research business after charges were brought against the company by Eliot Spitzer.
Sallie Krawcheck Age
Sallie was born on November 28, 1964, in Charleston, South Carolina, United States. She is 57 years old.
Sallie Krawcheck Height
She is a woman of average stature and stands at a height of 5 ft 5 in (Approx. 1.65m).
Sallie Krawcheck Family
She was born and raised in Charleston, South Carolina by her parents Lenny Krawcheck and Townie Krawcheck. Sallie’s father is a former House of Representatives member. He is also a senior member of the Krawcheck & Davidson Law firm. Sallie has described her childhood as “half Jewish, half WASP-y”. She holds an American nationality and belongs to mixed ethnicity.
Sallie Krawcheck Husband
Sallie is married to her husband Gary Appel, the vice-chairman of Castle Harlan, a private equity fund. The couple celebrated their wedding in 1993. Together, they share two children and live in an apartment on Park Avenue and go to their “Sunstone” vacation home in The Hamptons regularly. Sally was first married to John Binnie in 1990. Their relationship did not work out and ended up in a divorce.
Sallie Krawcheck Education
She attended the Porter-Gaud School. While in high school, Sallie was a local track star, and in 1983, as a high school senior, she was honored as a South Carolina Presidential Scholar. Later, she received a Morehead Scholarship to the University of North Carolina at Chapel Hill where she received a degree in journalism. In 1992, she received an MBA from Columbia Business School.
Sallie Krawcheck Ellevest
Sallie is currently the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016. Ellevest’s goal is to work to close the gender investing gap in the U.S. by “redefining investing for women.”
Sallie Krawcheck Book | Own It
Own It: The Power of Women at Work was published on January 17, 2017. Sallie’s book is a new kind of career playbook for a new era of feminism, offering women a new set of rules for professional success: one that plays to their strengths and builds on the power they already have.
Sallie Krawcheck Podcast
She was hosted on the podcast Bad on Paper to discuss the gender wealth gap. Sallie explained the difference between the wage gap and the wealth gap for women, and the different ways that women spend, save, and manage money. She gave advice about saving vs. investing, how to get lower interest rates, common mistakes, and how to be more critical about where your money is invested.
Sallie Krawcheck Ellevate
She acquired 85 Broads Unlimited LLC which is now doing business as Ellevate Network in 2013 and is now the chairwoman of the organization.
Sallie Krawcheck Bank Of America | Merrill Lynch
After the acquisition of Merrill Lynch in 2009, Bank of America hired Sallie to head the new division. Although Bank of America then-chief executive Ken Lewis had attempted to cancel the deal in the weeks before it closed, fearing Merrill Lynch was in worse financial condition than previously known, Sallie led the unit to $3.1 billion in profits during her two years as president of the wealth management unit.
In the second quarter of 2011, her division increased net income by 54 percent, from $329 million to $506 million, while Bank of America posted an overall $8.8 billion loss. Sallie’s position at Merrill was eliminated by the firm’s new chief executive, Brian Moynihan, as part of the restructuring, and Sallie left Bank of America on September 6, 2011. She received severance payments totaling $6,000,000.
Sallie Krawcheck Net Worth
She earns her wealth from her career, therefore, she has amassed a fortune over the years. Sallie’s estimated net worth is $17 million.
Who Is Sallie Krawcheck
Sallie is an American entrepreneur. She is the former head of Bank of America’s Global Wealth and Investment Management division. Currently, Sallie serves as the CEO and co-founder of Ellevest, a digital financial advisor for women launched in 2016.