Sallie Krawcheck

Krawcheck acquired 85 Broads Unlimited LLC (which is now doing business as Ellevate Network) in 2013 and is now the Chair of the organization.

Krawcheck's position at Merrill was eliminated by the firm's new chief executive, Brian Moynihan, as part of restructuring, and Krawcheck left Bank of America on September 6, 2011. She received severance payments totaling $6,000,000.

Following the acquisition of Merrill Lynch in 2009, Bank of America hired Krawcheck 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, Krawcheck 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, Krawcheck’s division increased net income by 54 percent, from $329 million to $506 million, while Bank of America posted an overall $8.8 billion loss.

Krawcheck left Citi on September 22, 2008. The move followed months of tension with Chief Executive Officer Vikram Pandit, due to the fact that Krawcheck argued for Citi to reimburse clients for defective investments distributed by Citi wealth management's brokers and bankers. Pandit and other chief officers at Citi disagreed, arguing that Citi had no legal obligation in the matter.

In 2007, Krawcheck was named CEO of Citi’s wealth management business, which included returning to Smith Barney and adding the Citi Private Bank. At the time of her arrival, the Private Bank had been thrown out of Japan for sales practice issues; this, combined with continuing Citi regulatory issues, resulted in financial advisor attrition that was at an all-time high. She worked to change the corporate culture for Smith Barney’s financial advisors as an early advocate of a fiduciary standard for the brokerage industry.

Forbes named her as number seven in its list of The World's 100 Most Powerful Women of 2005. In 2008, she was named to Investment Advisor magazine's IA 25, the list of the 25 most influential people in and around the investment advisory business. She was recognized by the World Economic Forum as one of its Young Global Leaders. She is a past recipient of CNBC’s “Business Leader of the Future” Award. She has been credited by The Daily Beast as remaining one of the “rare honest voices on Wall Street.” In 2014, Krawcheck was named #9 on Fast Company's "100 Most Creative People in Business" list. In December 2017, she was listed in a TechCrunch feature on 42 women succeeding in tech that year.

In 2004, Krawcheck was appointed Chief Financial Officer for Citigroup Inc.

Krawcheck was named CEO of Citigroup's (then new) Smith Barney unit, for which she was named to Time's 2002 list of "Global Influentials" and Fortune’s Most Influential Person Under the Age of 40. The Smith Barney unit was set up in order to separate Citigroup's investment banking from its stock brokering and research operations, to avoid the appearance of a conflict of interest in those areas. Krawcheck was put in charge of 13,000 brokers and analysts of the new retail brokerage unit.

Krawcheck grew up in Charleston, South Carolina. She has described her childhood as "half Jewish, half WASP-y". She attended the exclusive Porter-Gaud School. While in high school, she was a local track star, and in 1983, as a high school senior, she was honored as a South Carolina Presidential Scholar. She received a Morehead Scholarship to the University of North Carolina at Chapel Hill where she received a degree in journalism. In 1992, she obtained an MBA from Columbia Business School, graduating Beta Gamma Sigma.

Sallie L. Krawcheck (born November 28, 1964) is the CEO and Co-Founder of Ellevest, a digital financial advisor for women launched in 2016. She is owner and Chair of Ellevate Network. Prior to this she was the president of the Global Wealth & Investment Management division of Bank of America. She has been known as one of the most senior women on Wall Street. Most recently she has been widely published in both social and more traditional media, focusing on Wall Street regulatory reform; she is also advising a number of start-ups.