Sallie Krawcheck claims CFO job at Citigroup
Sallie Krawcheck has been appointed chief financial officer and head of strategy at banking giant Citigroup, making her the most famous woman in banking along with it, reports the Daily Telegraph.
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The 39-year old chairman and chief executive of Smith Barney will move up to the position on 5 November. She has looked after the company’s stockbroking arm since 2002 when she was brought in to deal with the aftermath of a series of financial scandals that cost the company $400m in fines, where analysts were pushing shares that they knew were no good.
She has been credited with changing the working culture at Smith Barney, bringing back the company’s reputation for honesty, and been paid in kind. Last year she received nearly $10m in cash and shares, making her the second highest-paid woman on Wall Street.
‘?Sallie has effectively navigated our private client wealth management and research business through one of the most challenging periods in its history, establishing an independent research operation that is well-respected for its objectivity, insight and client service,’ said Chuck Prince, chief executive of Citigroup.