Sallie Krawcheck ’92
From March 2007 to December 2008, Sallie 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, which make up one of the largest wealth management businesses in the world, with nearly $1.7 trillion in client assets. During her time as CEO, she was also a member of Citi’s senior leadership committee and executive committee.
Ms. 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. Over the next two years, she successfully guided one of the leading private wealth management organizations and restructured Citi Investment Research to operate independently, while strengthening the quality and transparency of its research. In 2004, she was appointed chief financial officer and head of strategy for Citigroup Inc. For the next three years, she oversaw financial reporting, treasury, tax, investor relations, mergers, and acquisitions and strategic planning for the firm.
Prior to joining Citi, Ms. 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. She was responsible for managing research, brokerage, and trading operations, as well as business development and planning. She also served as an executive vice president of Bernstein’s parent company, Alliance Capital Management from 1999 to 2001. Prior to that, she was Bernstein’s director of research and appreciably grew the firm’s profit base by expanding industry-sector coverage. From 1994 to 1999 she was a senior equity research analyst responsible for the coverage of life insurance and securities brokerage companies . For each year she covered the securities brokerage sector, she was ranked the No. 1 analyst in Institutional Investor magazine’s annual poll.
Previously, Ms. Krawcheck worked at Donaldson, Lufkin & Jenrette as an associate in the corporate finance department and, prior to that, as a financial analyst at Salomon Brothers.
For six straight years, from 2002 to 2007, Fortune magazine also recognized Ms. Krawcheck as one of the “Most Powerful Women” in business. Forbes magazine, in 2006, listed her as No. 6 in the rank of the “World’s 100 Most Powerful Women.” She was also the recipient of CNBC’s “Business Leader of the Future Award” in 2007. In 2002, she was recognized as one of Time magazine’s “Global Business Influentials,” and in 2003 Fortune named her the “Most Influential Person Under the Age of 40.”
A native of Charleston, S.C., she attended the University of North Carolina at Chapel Hill as a Morehead scholar and received a BA with academic honors 1987. In 1992, she received an MBA from Columbia Business School.
An active participant in the affairs of her alma maters, she has endowed her former secondary school, the Porter Gaud School, with the Krawcheck Scholarship, a needs-based scholarship awarding full tuition to students of exceptional aptitude. She is a member of the board of directors of Dell Inc., the University of North Carolina at Chapel Hill Foundations, Inc., and Carnegie Hall, and the board of trustees for the Economic Club of New York.