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The Original Salomon Sister Anne Clarke Wolff on How to Shake Up Investment Banking

A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 3, 2022.

A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Jan. 3, 2022.

Photographer: Michael Nagle/Bloomberg

Hi, it’s Liana in New York. Today in the Bloomberg Deals newsletter we’re speaking to Anne Clarke Wolff, an accomplished Wall Street executive who founded a firm that’s trying to make investment banking more diverse. We also look at some international SPAC scoops and activist developments involving big names like Carl Icahn and Nelson Peltz. 

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I caught up with Wall Street veteran Anne Clarke Wolff to talk about the next steps for her new bank. Wolff, who started at Salomon Brothers in 1989 and later held leadership roles at Citi, JPMorgan and Bank of America, started Independence Point Advisors with the goal of making investment banking more inclusive and less White and male.