Articles of Interest
U.S. SEC Picks First Woman of Color to Lead Enforcement
Reuters
The U.S. Securities and Exchange Commission on Thursday named former federal prosecutor Alex Oh as its new head of enforcement, the first woman of color to lead the division, which plays a crucial role in policing U.S. financial markets. The appointment of Oh, a native of Seoul who moved to Maryland when she was 11, is the first big move under Chair Gary Gensler and comes amid a diversity push by President Joe Biden's administration.
FINRA Promotes Stephanie Dumont to Head Market Regulation and Transparency Services
FINRA Press Release
FINRA announced today that it has promoted Stephanie Dumont, formerly Senior Vice President and Director of Capital Markets Policy for FINRA's Office of General Counsel, to the role of Executive Vice President and Head of Market Regulation and Transparency Services, effective immediately. Dumont will report to President and CEO Robert W. Cook and join FINRA’s Management Committee.
6 Professionals Share Why They Want To Go Back To The Office
Huffington Post
The coronavirus pandemic forced many companies to suddenly go remote last year. But with vaccination campaigns underway, companies are beginning to recall their workers back to offices. For some, this return to office life is unwanted. But there is still a significant number of professionals who really want to return to office buildings and in-person interactions.
Women in Financial-Services C-Suite Rose 10% in Past Five Years
Barron's
The number of women holding executive-level positions in the financial-services industry has increased by 10% in the five years ended Dec. 31, 2020, according to BoardEx, a data and analytics firm. In 2021, women held 11% of all C-suite roles, according to BoardEx’s analysis of 1,229 publicly traded U.S. financial institutions, which it shared with Barron’s. In 2016, they held 10% of those roles.
Sallie Krawcheck Leads Ellevest To A Landmark $1 Billion In Assets Under Management
Forbes
Sallie Krawcheck has not forgotten what the skeptics said about Ellevest, her women’s-focused investment platform, before the service even launched. “It was like, ‘This is gonna fail; other people have tried and failed,’” she recalls. “And also, ‘What is for women anyway? That’s sort of dumb!’” Five and a half years later, Krawcheck can finally mock these slights.
BOE, FCA Among Finance Institutions to Miss Gender Targets
Bloomberg
The Bank of England and Financial Conduct Authority were among dozens of organizations that missed targets to choose more women for senior roles in Britain last year. Forty-four organizations including Lloyds Banking Group Plc and UBS Group AG fell short on pledges made under the U.K. Treasury’s Women in Finance Charter.
