Wall Street’s women of power
Women have made enormous ground in recent decades into the very heart of power. A prime example is Hillary Clinton who looks a good bet for the White House in 2009. Less in the public eye has been the march of women into top jobs on Wall Street. Here are just a few :
Sallie Krawcheck, Chairman of Global Wealth Management, Citigroup
Sallie Krawcheck is one of Wall Street’s survivors. She was moved from chief financial officer to her current wealth management role earlier in the year by then chairman Charles “Chuck” Prince, when many thought she was destined for the chop. She has kept her head down throughout the sub-prime fall-out, and appears strengthened as a result.
Rosemary Berkery, Vice-Chairman and General Counsel, Merrill Lynch
Has been with Merrill Lynch since 1983. Berkery rose up through Merrill’s legal department, and is now in charge of its legal and compliance functions, as well as overseeing global research.
Amy Woods Brinkley, Global Risk Management Executive, Bank of America
Woods Brinkley, in spite of her odd title, is part of Bank of America chief Ken Lewis’s eight-strong management team, and is in charge of the risk attached to the bank’s $1.5 trillion in assets. Given the focus on risk as a result of the sub-prime fall-out, her job is more important than ever.
Esta Stecher, Executive Vice-President, Goldman Sachs
Stecher, who is also the powerful bank’s general counsel, has run Goldman’s legal department since December 2000, having run its all-important tax division for six years prior to that. A loyal lieutenant of Goldman chief Lloyd Blankfein, her position within the bank makes her one of the most powerful women on the Street.
Abby Joseph Cohen, Chief US portfolio Strategist, Goldman Sachs
Although her role does not place her within the upper echelons of the Goldman management strata, she is one of the best known female economists. Famed for predicting the bull market of the early 1990s, she then failed to predict the dotcom crash, earning the nickname “Abby Joseph Blowin” for her continuous bullish predictions.
Meredith Whitney, Financial Services Analyst, CIBC World Markets
One of the rising female stars, Whitney was the only analyst to call Citigroup’s balance sheet into question, prompting a $369bn global stock market fall-out, and the resignation of Citi chief Charles “Chuck” Prince. It cannot be long before one of the bulge bracket banks snaps her up from her current Canadian employer, in the way that Deutsche Bank did with Prudential’s outspoken banking analyst Mike Mayo earlier this year.
Linda Chatman Thomsen, Director of Enforcement, Securities and Exchange Commission
One of the most feared women in town, Thomsen is SEC chairman Chris Cox’s rottweiler. The Harvard graduate has a stellar legal pedigree. In her current job since May 2005, she will play a key role in going after firms and individuals as part of the continuing sub-prime fall-out.
Information : Daily telegraph.


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