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Sallie Krawcheck: enormous challenge to win hearts and minds |
The appointment of Sallie Krawcheck to head Bank of America Merrill Lynch’s wealth management business looks to be a gamble for chief executive Ken Lewis.
Krawcheck, the former head of global wealth management and CFO at Citi, was hired in August to run Bank of America Merrill Lynch’s wealth management operation, prompting Dan Sontag, 30-year veteran of Merrill Lynch and former head of Merrill Lynch global wealth management, to resign.
Krawcheck now stands as one of three potential successors to Lewis.
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