Sallie Krawcheck Biography

With $17 billion in annual revenue and $2.2 trillion in customer balances, Bank of America is the largest wealth management operation in the world. Sallie L. Krawcheck served as its previous head of Global Wealth & Investment Management. Krawcheck has developed a solid reputation for honesty and client-centeredness. Fortune magazine referred to her as "The Last Honest Analyst" during the research controversies, highlighting that she had the most sway over research integrity and quality. She has frequently appeared on lists of the "Most Powerful Women" in Business from Forbes and Fortune. She has won several awards, including CNBC's "Business Leader of the Future Award," Fortune's "Most Important Person Under the Age of 40," and TIME magazine's "World Business Influentials." In addition, the World Economic Forum named her one of its Young Global Leaders. Krawcheck has a history of turning around failing financial services companies and accelerating development. To rebuild Citi's reputation and profitability in the wake of the Wall Street research scandal, this includes turning around the company's declining profitability and Advisor headcount, separating Citi's research from investment banking, and integrating and launching MerrillEdge, Merrill Lynch's cutting-edge online offering. Moreover, Krawcheck was the only senior Wall Street executive to pay individual investor customers for some losses sustained during the financial crisis due to defective products provided by Citi and, later, by Bank of America. Krawcheck formerly served as the chairman and CEO of Citi Global Wealth Management, which included Citi Private Bank, Citi Smith Barney, and Citi Investment Research. She served on the executive and senior leadership committees at Citi during her employment there.

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