Finance
Moelis names former banker Sadowsky to lead diversity efforts
-
Independent investment bank Moelis & Company has
named Jane Sadowsky as a senior advisor to enhance diversity
and inclusion. -
Sadowsky is a former investment banker and has also
advised CEOs on leadership matters. -
The appointment comes as companies across corporate
America are taking a closer look at diversity issues in their
workforces.
Moelis & Company has appointed Jane Sadowsky as a senior
advisor in a new role to focus on diversity and inclusion at the
boutique banking firm, according to a memo seen by Business
Insider.
Sadowsky, a 25-year Wall Street veteran, advised power and
utility companies as an investment banker at banks including
Evercore and Citi and has also served as a leadership coach to
top corporate executives.
Sadowsky is being brought in to help Moelis attract and retain
women and other underrepresented groups at a time when firms
across Wall Street are trying to become more inclusive.
The #MeToo movement broadly has prompted companies across
America broadly to take a closer look at diversity issues in
their workforces.
“Diversity and inclusion at Moelis & Company, and the
financial services sector more broadly, can only be achieved
through a multi-pronged strategy that is shaped by those who have
bold, yet pragmatic ideas specifically tailored for our
industry,” said Moelis co-president Navid Mahmoodzadegan in a
memo.
Moelis has a number of other programs to promote a diverse
workplace including a fellowship to help finance business school
for women and minorities, a young leaders diversity program for
sophomores in college, and a veteran’s program.
CEO Ken Moelis has
also said it’s possible that the next chief executive of the bank
he started might be a woman.
Still, women represent just a small fraction of senior leaders
across Wall Street.
According to non-profit group Catalyst, women represent just 16%
of senior officials and managers in investment banking.
See also:
-
Business6 days ago
UnitedHealth says Change hackers stole health data on ‘substantial proportion of people in America’
-
Business5 days ago
Tesla’s new growth plan is centered around mysterious cheaper models
-
Business7 days ago
Mood.camera is an iOS app that feels like using a retro analog camera
-
Business4 days ago
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
-
Business5 days ago
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic, and Inflection
-
Entertainment7 days ago
Furious Watcher fans are blasting it as ‘greedy’ over paid subscription service
-
Business6 days ago
Two widow founders launch DayNew, a social platform for people dealing with grief and trauma
-
Entertainment5 days ago
Tesla’s in trouble. Is Elon Musk the problem?