Krawcheck to Start Women-Focused Digital Investing Platform
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Sallie Krawcheck, the former Bank of America Corp. and Citigroup Inc. executive, is adding a female-oriented investing platform to her ventures meant to promote women in business.
Ellevest, an online investment website, will start in 2016, Krawcheck said Monday in a statement. Morningstar Inc. led a $10 million fundraising round for the product, which included backing from MasterCard Inc. Chief Executive Officer Ajay Banga, Allianz SE chief economic adviser Mohamed El-Erian and Depository Trust & Clearing Chairman Robert Druskin.