Barron’s 100 Most Influential Gals in U.S. Finance: Stephanie Cohen
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Goldman Sachs Group
wishes to be your digital banker, and it has assigned the occupation to Stephanie Cohen, marking her next year on the Barron’s listing.
In the newest in a speedy occupation of promotions, Cohen, 43, took in excess of as co-head of buyer and prosperity management in January, overseeing buyer bank Marcus, which has racked up $97 billion in deposits. Goldman now has credit rating-card deals with
Apple
and
Standard Motors,
and expects to roll out electronic checking accounts in the subsequent handful of months. “We want to be the lender on your cell phone,” she suggests.
100 Most Influential Women in U.S. Finance
Wall Road has been skeptical of Goldman’s change to Key Street, but Cohen is forging ahead, aiming to establish a “financial cloud” for buyer accounts. There is a new robo-advisory service, offering portfolios of trade-traded funds. The firm is also heading down-industry in the advisory planet, providing providers for clientele with as very little as $1 million in assets, well down below its common $10 million cutoff.
Cohen carries on to function on a $500 million initiative at Goldman to fund female and minority-led investment decision firms, allocating $450 million so considerably to companies these as Bento Box, Fantastic Corp., and MaC Undertaking Cash.
The consumer company produced $1.2 billion in earnings past year and the division total took in $6 billion, or 13% of Goldman’s full. Says Cohen: “We’re just acquiring began.”
Publish to Daren Fonda at [email protected]
