UNC and Columbia Alum Sallie Krawcheck Leaves Citigroup

UNC and Columbia University alum Sallie Krawcheck has been called “Mrs. Clean,” the “Last Honest Analyst,” and one of the “World’s Most Powerful Woman in Business” by FORTUNE. Today, however, Citigroup announced that Krawcheck would leave her position as head of wealth management.

According to Reuters:

Sallie Krawcheck, head of Citigroup Inc's (C.N: Quote, Profile, Research, Stock Buzz) wealth management unit, will step down from the company, the Wall Street Journal said on Monday, citing people familiar with the matter.

Krawcheck, 43, has long been one of the highest-profile women on Wall Street, and was once considered a potential candidate to eventually run all of Citigroup.

Michael Hanretta, a bank spokesman, declined to comment.

Krawcheck would join a string of top Citigroup executives to leave since Vikram Pandit became the bank's chief executive in December. The timing of her departure isn't clear, the newspaper said.

Pandit has been reorganizing the largest U.S. bank by assets and trying to reduce risk, after exposure to mortgages and other risky debt led to $17.4 billion of losses in the last three quarters.

 

 

 As Citigroup loses one of its brightest, we've got to wonder where the "Last Honest Analyst" will go next, if there's room for an honest analyst on Wall Street anymore, and who the PR genius is who came up with that sobriquet.