Tag Archive for: goldman sachs

Kathy elsesserKathy Elsesser, Managing Director and Head of the Global Consumer Retail Group in Investment Banking at Goldman Sachs, speaks enthusiastically about the opportunities for women in the financial services. She believes that women can achieve their full potential by being authentic and thinking carefully about what they want in life.

“Know what you want and ask for it. I have noticed a tendency on the part of the women I mentor to take what they’re given and do well with it. But the question I try to ask them is ‘what do you really want?’” She continued, “Ask for the things that will help you get that – versus accepting the things that are presented to you.”

And that mindset can benefit women throughout their career – from the entry level all the way to the top. She encouraged women to think carefully about how their skills and talents could be best leveraged at work. “Especially for women who decide to have a family, I would encourage them to think every day about how they are spending their time. As you get older, you begin to realize that time is a limited resource.”

She continued, “When you have a new project, think about whether this is important, or whether, if you personally do it, it is going to have an outsized return relative to someone else taking it on.”

“I really see women take on what they are given rather than asking whether it’s the best use for their time. If someone else can do it, give it to them and find a higher and better use for your time.”

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Dina PowellAccording to Dina Powell, President of the Goldman Sachs Foundation and Global Head of Corporate Engagement for the firm, it’s important to be open to new and different opportunities throughout your life.

“One of the things I often say is be careful not to overplan your life. Because the less you are open to opportunities as they come along, the less you have the advantage of a diversity of experience,” she advised.

Powell has spent time in both the public and private sectors, having worked in the White House and for the Department of State before joining Goldman Sachs. She believes this has served her well throughout her career path. “I think having experience in both is key,” she said. “When I think of the many opportunities we have now to work together to solve problems – I think it’s vital to understand how the other side works.”

That breadth of experience is also invaluable when approaching complex challenges in the developing and emerging markets. She said, “When I think of solving global challenges, it’s about making sure all three legs of the stool are represented – the public sector, the private sector, and the non-profit sector.”

“I’ve had the privilege of working with so many women around the world and it’s given me so much faith in women. Women in many parts of the world – Afghanistan, India, Egypt – are faced with so many challenges. Yet they are determined to do everything they can to invest in their communities and their children. When we give women the chance to reach their full potential, it makes a huge difference.”

She added, “Having women as full members of societies really does lead to more peaceful and prosperous communities and a more peaceful and prosperous world.”

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One of the most important lessons Laura Sanchez has learned throughout her career is the importance of being yourself.Laura Sanchez

Sanchez, now a Managing Director in Private Wealth Management at Goldman Sachs, found that by allowing her unique personality to shine, she was better able to connect with clients, which ultimately helped her career.

“When you’re new – and I had also switched industries – you may be anxious about fitting in and looking like everyone else or acting like everyone else. But trying too hard to fit in can stifle who you are.”

She continued, “To not be yourself for the majority of your day creates a lot of stress.”

Ultimately, she says, authenticity was her key to a more fulfilling career. “When I’ve been true to myself and let my own light shine through, that’s when I’ve been my best. That’s when I think the success started,” she explained.

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Lale TopcuogluOriginally from Turkey, Lale Topcuoglu studied economics and politics at Mount Holyoke College in Massachusetts and then took a job as an analyst at Goldman Sachs in 1999, where she quickly ascended the ranks, being named a managing director just ten years later. “That’s probably my proudest achievement,” she said, “getting promoted to Managing Director and co-head of the Investment Grade business. We manage $70 billion in assets and I co-lead a team of 22 people in the US, Europe, and Asia.”

“When I look back at my career, Goldman Sachs has been a land of opportunity for me,” she added.

How did she rise so quickly? Topcuoglu said one of the skills she’s glad to have learned in her career is the ability to negotiate. “Nobody really teaches you this,” she explained. Getting a sense of how your company really works is also important for career growth, she continued. “I learned pretty quick on the job, if you can understand how organizations work, the administration, it will help you.”

Finally, she said, learning self awareness was important for her advancement. “Be aware of your little professional quirks,” she said. “Sometimes I make knee jerk responses, and I’m learning to start with a yes, instead of a no.”

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Stacy Bash PolleyAccording to Stacy Bash Polley, Partner and Co-Head of Fixed Income Sales for the Americas at Goldman Sachs, it’s important for senior women to serve as role models and advocates for the next generation of women in finance.

Bash Polley, co-chair of Goldman Sachs’ Firmwide Women’s Network, said that the group’s events are designed to make senior women aware of their own impact on career development.

She explained that in her experience, there are three ways that women engage: as role models, mentors and advocates. Role models are the most passive of the three, serving as visible examples of career success and inspiring younger women to visualize their own career trajectories. Mentors serve as coaches and counselors, guiding women to optimize their current situations to achieve success. Advocates actively engage in the tactical management of someone’s career, identifying the platform that will allow that person to combine his or her passion and skill set for maximum performance.

“All successful women become role models, so we want them to understand that with more visibility comes more responsibility. Once a woman becomes more senior, she should become a mentor or advocate of more junior women and pay it forward. This is how we get critical mass,” she said.

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Nicole Pullen Ross“We all have the responsibility to be advocates for more junior women,” said Nicole Pullen Ross, Managing Director of the Mid-Atlantic Region for Goldman Sachs’ Private Wealth Management business.

“And it is a greater responsibility behind closed doors than when in the presence of the people we are mentoring.” She explained, “That advocacy means really pulling someone up behind you in a proactive way, the same way others have done for you.”

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Kathleen HughesShe advised, “Think strategically about how you build your brand. This is something I personally had to learn – the bar gets higher and higher in this industry, and it’s not enough to keep your head down and work. Of course, you have to produce. But you also have to promote your success and build your brand in a different way.”

And, she said, how you build that brand depends significantly on your firm’s culture. “Our culture here tends to be team-oriented. Relationships matter.”

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Jennifer Barbetta“You should look at your career as a marathon, not a sprint,” advised Jennifer Barbetta, Managing Director and Chief Operating Officer for the Alternative Investments & Manager Selection business at Goldman Sachs. That’s one piece advice she said she likes to share with her junior team members and those she mentors.

In fact, Barbetta said, “Watching those I have mentored find success is one of my proudest achievements.” She believes in having candid and honest conversations with her team and mentees. “These conversations provide them with the tools to help lead them down the path to success.”

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Joanne Alma“In my view, there are no particular barriers for women in technology,” began Jo Alma, Managing Director and Head of IMD Technology for Europe and Asia at Goldman Sachs. “But we need more role models and more senior female colleagues to learn from and work with.”

She continued, “We tend to look up one or two levels and look for people like ourselves. If more women were in technology, more women could see themselves in the industry. It would be like a self-fulfilling prophesy.”

Alma is doing her part to serve as a role model, as well. Having recently initiated a program at Goldman called Girls in IT, in the past year, Alma and other senior women have made time to speak with teenager girls in UK schools on careers for women in technology. She said, “It’s fantastic to feel you can make a difference for these girls.”

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Asahi PompeyThe aphorism “know thyself” has been attributed to the ancient Greek philosopher Socrates (and many others), but according to Asahi Pompey, Managing Director, Compliance, Investment Banking at Goldman Sachs, the advice is still critical today, over twenty-five hundred years later.

“Know yourself – know your strengths and weaknesses,” she advised. “Do a realistic appraisal of yourself – almost a gap analysis. Where could you develop greater expertise? What is your comfort zone?”

Beginning a career in law, and them moving into corporate counsel roles, and then compliance, Pompey is enthusiastic about striving for excellence in all she does. She advocated passionately about the importance of understanding the business objectives and the objectives of those around you. She said, “Understanding who you are in an unadulterated way is really going to help in your career.”

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