Sallie Krawcheck |
The FWA's Distinguished Speakers committee proudly kicked off its 2010 series on January 20 featuring Sallie Krawcheck, President of Global Wealth & Investment Management for Bank of America. In an engaging and inspiring program, in the firm's midtown headquarters at One Bryant Park, Krawcheck provided candid first-hand perspectives on the evolving industry dynamics, regaining investor confidence and managing challenges. The evening began with a cocktail reception, hosted by Bank of America, and was enjoyed by members and guests alike with nearly 200 attendees, some old friends of the FWA, and some brand new to these programs. All looked forward to the sold-out event and added to the interesting and energetic conversations during the reception.
Bank of America
One Bryant Park |
The keynote program opened in a conversational format with probing questions from Susan Isquith, co-chair of the Distinguished Speakers Committee. Krawcheck responded with thoughtful reflection on the industry over the past few years, and provided a personal perspective on the new environment for Global Wealth and Investment Management, as well as ongoing implications of the financial crisis. Krawcheck then took questions from the audience. Krawcheck openly responded with seasoned experience and industry know-how, balanced with a touch of humor. Krawcheck highlighted her priority on how the financial industry will need to work to regain the vital trust of investors and customers. She noted that it is critical to engender that trust over the long-term.
In addition, there were a few media also in attendance, and this event is written up on TheGlassHammer.com, and can be viewed at: Importance of the Long Term View: Sallie Krawcheck at the FWA’s Distinguished Speakers. Series. The evening concluded with a closing reception which allowed extra time to both discuss the keynote program and catch up with industry contacts.
The FWA is grateful to Bank of America for hosting the FWA’s first Distinguished Speakers event in 2010.
Special thanks to the Distinguished Speakers Committee, and specifically to
Susan Isquith and Kimberly Williams Weinrick (co-chairs), Gerri Facchine, L'Hava Israel, Katrin Lieberwirth and Sunsy Hong.
Speaker Profile:
Sallie L. Krawcheck is president of Global Wealth & Investment Management for Bank of America, one of the largest wealth management businesses in the world with $1.9 trillion* in total client assets. Global Wealth & Investment Management provides comprehensive wealth management to affluent and high net worth clients. It also provides retirement and benefit plan services, philanthropic management and asset management to individuals and institutions.
Prior to joining Bank of America, Krawcheck was the chief executive officer and chairman for Citi Global Wealth Management, responsible for the Citi Private Bank, Citi Smith Barney and Citi Investment Research. During her time as CEO, she was also a member of Citi’s senior leadership committee and executive committee. Krawcheck joined Citi in October 2002 as chairman and chief executive officer of Smith Barney, where she oversaw the global management of the Smith Barney and Citi Investment Research businesses. In 2004, Sallie was appointed chief financial officer and head of Strategy for Citigroup Inc. Prior to joining Citi, Krawcheck was chairman and chief executive officer of Sanford C. Bernstein & Company, where she became one of the most influential voices for research quality and integrity.
Krawcheck has been listed as one of Fortune’s “Most Powerful Women” in business for seven years between 2002 and 2009. U.S. Banker ranked her first on its list of “25 Women to Watch” in 2009. Forbes magazine, in 2006, listed her as #6 in the rank of the “World’s 100 Most Powerful Women.” among many other prestigious awards. In addition, she is a member of the board of directors of BlackRock, Inc.; her alma mater, The University of North Carolina at Chapel Hill Foundations, Inc.; and Carnegie Hall. She is on the board of overseers of Columbia Business School and the board of trustees for The Economic Club of New York.
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