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.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.