Tag Archive for: legacy

Alexandra Barth“After 25 years at one company, making a change can feel daunting,” says Alexandra Barth. “You know the people, the processes, and the rhythm of the work, it’s familiar and comfortable. But when the opportunity at Wells Fargo came along, it was so compelling that I knew it was the right moment to embrace a new challenge.”

After more than two decades at Deutsche Bank, rising from analyst to group head and becoming a trusted voice in leveraged finance, Barth was ready to trade comfort for possibility. Wells Fargo offered not just a new role but a new environment, one defined by ambition, energy, and a leadership team committed to building something world-class. For Barth, it was the right moment to make a change.

Today, as co-Head of Leveraged Finance, Barth’s work centers on building a market-leading leveraged finance franchise inside a platform that is already well-known, well-capitalized, and hungry to grow. “The firm has assembled some of the best people in the market into an established franchise that’s looking to become a true market leader,” she says. “It’s as entrepreneurial as you can be inside an investment bank, and that combination is exciting.”

Barth is drawn in not only by the business potential at Wells Fargo, but the culture, one where senior leaders regularly roll up their sleeves, model curiosity, and make themselves accessible.

“The senior management here is committed to making this not just a world-class, top-tier investment bank, but also interactive…It’s an inspirational culture. It’s not just senior leaders dictating from above or only connecting with you when something is needed” After 26 years in the industry, Barth describes the culture simply: “It’s been reinvigorating to be here.”

Barth’s path into finance had unconventional beginnings: she majored in government with an art history minor at Dartmouth. Originally considering a legal career, early law internships changed her mind, and after taking her brother up on a suggestion to try a 2-year analyst position at an investment bank, gain great experience, and reassess after that, she ended up finding that banking was where she wanted to be. As an analyst, she discovered how much she loved the pace, the problem-solving, and the client work that became foundational to her career.

Words of Wisdom: Focus on the Client and Use Your Voice

Barth credits an early mentor for helping shape her leadership philosophy, setting two expectations that she still carries: always focus on the client, and always use your voice. “The priority was to really listen to the client—what they’re saying, what they need—and not just present what you think will sound good or what’s best for the bank,” she recalls.

Equally important was the expectation that even the most junior person should contribute. “If you’re in a meeting or on a call, even as a junior person, you should be using your voice and bringing something to the table that is thoughtful and adds value.”

It is a lesson Barth incorporates into building her team’s culture. She wants her team thinking critically, independently, and confidently, not just processing.

“Banking can be very process-oriented for junior people,” she notes. “We want a culture at Wells Fargo where you take time to think about what you’re working on, ask questions, understand why you’re doing it. If you’re on a client call or a senior-level committee call, you should be contributing.”

To strengthen that culture of inquiry, Barth brings in external speakers, including investors, economists, and credit strategists, to give the Leveraged Finance team space to stretch intellectually. “We want people thinking critically,” she explains. “If something about a company or a credit doesn’t make sense, or you have a question, be proactive and ask.”

Even the physical layout of the office reinforces this ethos.

“It’s intentionally non-hierarchical. Analysts and associates sit around me. I have a managing director and a second-year analyst next to each other. People walk up and talk to whoever they need to. It’s very interactive, and I think that makes a difference.”

Honesty, Transparency, and Directness Fosters Client Trust

Barth’s track record with clients, often spanning decades and tens of billions in capital raised, rests on a simple principle: honesty.

“Being honest with clients about what you think is the best answer or solution for them—even when it isn’t necessarily most advantageous for you or your firm—has been core to my career.”

Barth’s approach is both candid and relentless. “You have to ask to lead things and be direct. Most importantly, you have to show why you deserve to win,” she explains. That means being deeply knowledgeable about the market, offering creative structures, and making clear that she and her team will be tireless advocates for clients.

Barth knows the business is complicated, and mistakes happen. What matters, she says, is how you handle them.

“The first thing you do after a mistake is what matters most. How you manage it, how you communicate, and how you teach your team to navigate it.”

Clients respond to her consistency and her clarity. Barth earns trust at the CEO and CFO level not because she tells them what they want to hear, but because she tells them what she believes is achievable and then delivers the results.

“I think the ability to back up what I say with the outcome has been one of the biggest drivers of my success,” she says. “That relationship of trust is what matters most.”

Building a Market-Leading Franchise and a Lasting Legacy

Barth sees extraordinary potential at Wells Fargo. “I think in almost every product in investment banking, Wells can be a market leader,” she says. Her goal is straightforward: to help build a platform that is viewed as a top five investment bank, across products and across markets.

As much of a priority is the experience of the people on her team. Whether they stay in leveraged finance long-term or go on to other roles, Barth wants their time on her team and at Wells Fargo to be meaningful. “At my prior firm, I’m still in touch with many of the former junior people, and they tell me their experience was a pillar of their success,” she says. “That’s what I want to create here.”

A Working Mother Who Still Makes Room for Art

Balancing a demanding role with family is no small undertaking, but Barth credits her career with teaching her how to prioritize.

“In banking, you always have ten things happening at once that you can’t possibly do at the same time. You learn to prioritize what’s most important and give it your full attention.”

Outside work, she reconnects with the passion she discovered years ago as an art history student, visiting museums whenever she can in New York and beyond while bringing her eight- and eleven-year-old children with her. “I try to teach them as much as I can about art and art history,” she says, a reminder that even amid a full career, there’s always room to nurture curiosity and creativity.

Barth aims to create that same sense of value and possibility for her team.

“I grew up in a group where every voice mattered, even junior analysts’. Now, after 26 years, that’s exactly the culture I want to create, where the smartest person on the team, no matter their title, feels empowered to speak up and knows their perspective is valued.”

By Jessica Robaire

Johanna Diaz“In facing challenges or change, I always go back to the questions: Am I in the right place? Am I surrounded by the right people? Am I learning? Am I growing?” says Johanna Diaz. “When you can identify core tenets to return to and hold yourself to them, they become a guide for navigating almost anything.”

Led as much by her intuition as by the foundational aspirations of her first-generation beginnings, Diaz leverages every opportunity to learn, grow, and lead. She shares how her trajectory reflects not only her resilience but also the support of mentors whose influence continues to inform her leadership.

From the Bronx to Goldman Sachs

Born in the Bronx to parents who immigrated from the Dominican Republic, Diaz understood the value of education from an early age: “being a first-generation American, my parents made it a priority for my siblings and me. We were the first in our family to attend university and enter the business world.”

For Diaz, that focus on education was also a path to financial stability, which led her to pursue accounting — a profession she saw as both practical and reliable. Starting her career first as an intern and then as a CPA at Grant Thornton, Diaz gained both skills and exposure. When she was first introduced to Goldman Sachs as a client of Grant Thornton, the experience left an impression.

“I was blown away by the caliber of the people, the rigor around collaborative teamwork and the focus on delivery.” That exposure opened her eyes to possibilities beyond what Diaz had imagined. When the opportunity came to join Goldman, she took the leap. “That was the first big twist in my career as it redirected my vision from accounting to a whole other world of possibility.”

Over the next two decades, Diaz’ career grew organically across business development, research, and ultimately asset management to be the Global Head of Alternatives Product Strategy, a role that she finds equally rewarding and inspiring.

“The last five years have been so incredible, pivoting to the alternative investing landscape. I’ve had the opportunity to help build a business from scratch and expand the shelf as it relates to our products. The content, as well as being a part of a team that is integral to Goldman Sachs’ growth has been so fulfilling.”

The Influence of Mentors and Executive Coaching

Diaz credits her ability to pivot, take risks, and grow in new roles as being bolstered by the mentors who offered guidance and perspective along the way. An early mentor gave her a piece of advice that still resonates: take stock every few years.

“That conversation was pivotal for me. Even 20 years later, every two to three years, I take a personal moment of deep reflection: Where am I? Have I accomplished what I set out to do? Could there be more? That practice has guided me throughout my entire time at Goldman.”

She sees mentors as a personal “board of directors” — people who know her well and can be honest when she calls on them for guidance, whether about career decisions or balancing family and work. “My mentors played a huge role in helping me navigate my personal journey, including building a family, while building momentum in my career.”

Executive coaching complemented that support, giving Diaz structured feedback and tools to grow. Early programs offered through Goldman helped her refine presentation skills, while later on she focused on refining “leadership and communication skills but in a more nuanced way than I’d ever had before.”

Together, mentorship and coaching have provided Diaz with both a trusted sounding board and a framework for continuous growth, shaping the leader she is today.

Values-Driven Leadership

Beyond the mentors and coaches who helped guide her, Diaz points to a foundation of authenticity and integrity as key to her success.

“First and foremost, it’s important to remain true to yourself,” she says. “All of my values anchor around being a good human and working with high integrity. They guide me through everything I do.”

Fairness is equally central. Diaz strives to create a work environment where people feel valued, connected, and confident that they will be treated justly. “I want to be someone people feel comfortable approaching,” she explains. “They should know I’ll listen and provide support.” Drawing on lessons from leaders she has worked with, Diaz shapes her leadership around trust, relationship-building, and followership.

Hard work and high standards also define her approach. She believes in delivering quality work with reliable outcomes and modeling excellence to inspire her team to do the same. “As a baseline, I expect that not only of myself, but it’s also important to me to set the right example that my team then wants to follow,” she notes.

Embracing Risk

While Diaz’s career has been marked by achievement, it has not been without moments of uncertainty. She recalls these moments as an opportunity to pause and reflect.

“Early on, I faced a decision about whether to continue in research or move toward a more strategic, leadership-focused role. It was uncomfortable because I wasn’t sure I’d excel, but I leaned on my core values and trusted mentors to guide the decision.”

Over time, Diaz has learned to embrace risk thoughtfully, viewing it as an opportunity to challenge herself and explore new possibilities. Her recent transition into asset management illustrates this approach. Encouraged by a mentor to consider another part of the firm, she reflects, “it was through that conversation that I realized that it was time to take a risk. I was super comfortable. I had a lot of security. I had to consider, ‘do I want to push myself a little more?’”

Deciding to “take a risk on herself” and accept the opportunity to become the COO of Goldman’s growth business, Diaz says, “was a big transition. But it pushed me, and it’s been the most pivotal part of my career.”

Legacy of Access and Opportunity

Looking ahead, Diaz is focused on creating opportunities for others to grow, much like she was supported throughout her career. “I hope to provide a platform for the teams I work with, and for the junior professionals I mentor, where they have access, exposure, and opportunity the way I did.”

Reflecting on her own journey, Diaz acknowledges how her first-generation roots are a part of shaping this commitment. “We really have lived the proverbial American dream. My parents grew up on a farm — my mom one of 12 kids, my dad one of nine — and through a combination of hard work, timing, and a little luck, we’ve seen growth that isn’t just financial. It’s also about access to the world, to opportunities that otherwise wouldn’t have been organic. It’s important to me and my family to pay it forward.”

Thanks to the holistic support embedded in Goldman’s culture, Diaz also makes an impact beyond the firm through programs like 10,000 Small Businesses. “Having the opportunity to serve as a mentor in the program, I have listened to small business owners’ pitches and given feedback—providing people with access that they otherwise wouldn’t have.”

Ultimately, Diaz measures her legacy by the people she supports. By combining high standards, integrity, and a values-driven leadership style, she aims to cultivate talent, inspire confidence, and foster a culture where people feel valued, challenged, and capable of achieving their potential.

“If, 20 years from now, I can look back and see that the people I touched built successful, meaningful careers, then I’ll know I’ve done my part.”

By Jessica Robaire

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Image via Shutterstock

Last week, we featured part 1 of a guest contribution around having a legacy mindset for success. Enjoy part 2.

What can stop us from having a legacy mindset? What we forget in the 24-7 race that consumes our lives these days is a reminder of what is truly important in life. We want more than just to earn and consume. We want to matter in our lives. And in the lives of others. We want to make an impact on the world, not just make an income. And to do so, we need to change the definition of what it means to be successful.

Business people often think only of the bottom line but adopting a legacy-driven mindset puts you in a position to make that quantum leap forward, which will drive and sustain relentless development for future generations.

The Magic of the Arts to Shift Paradigms

A prime example of legacy-driven mindset resulted in one of the great paradigm shifting moments in business and culture. Business decry the lack of people who can write well and communicate in new ways. But in our short-term drive to believe that technology will solve all problems, people ballyhoo the arts as not really needed in our new digital world. Yet the magic of the arts is that they allow people to think and communicate differently—which if you’re a business, is exactly the edge you are looking for. Look at Steve Jobs who loved typography—and how form followed function in such a beautiful and timeless way—that he almost became a type designer. But instead his enduring love of beautiful and functional design manifested itself in the I-phone. He never lost sight of what drove his inspiration.

To Be Lucky or Be Prepared—That is the Question

What makes adopting a “legacy-driven” mindset so compelling is that you are always prepared. And in the capricious world of business and life, being so steadfastly prepared makes you constantly able to meet luck as if it’s an everyday occurrence. “Luck Is what happens when preparation meets opportunity” is the timeless quote of Roman philosopher, Seneca. You hear people say all the time talking about someone becoming an “overnight success” or reaping a windfall. Was Steve Jobs just lucky or was he always prepared?

A legacy-driven mindset is the basis for all profound changes in people’s lives. Though many of us will not change the world like Steve Jobs, we still deeply desire to touch those around us and to leave a lasting impression. Yes, we want to make an income but we desire to make an impact.

Leave Your Legacy Inside People

You want to change the world? Then leave your legacy inside of people. Inspire them with how you walk your talk. When leaders adopt a legacy-driven mindset, they leave something in people—and not just for people. Want to change the world? Inspire people to inspire themselves. That is truly living your legacy, which then is constantly renewed in others. Leaving people with things or information is not enough. Leave people with inspiration.

Why People “Undo” Their Legacy

I’m always amazed when a business or a person decides to “undo” their legacy for the short-sighted pursuit of an immediate gain versus the long-term success of a legacy-driven philosophy. It’s the candy-in-front-of-the-kid syndrome. “I want it now because I can have it now.” That’s how children think. Think of Wells Fargo or Volkswagen. Or Google or Facebook. What was Google’s mantra? Do no wrong—where did that go? But we excuse their behavior by saying, “They are big corporations with a bottom line and shareholders to satisfy.” But what really happened? They forgot who they were and why they were. A legacy-driven bottom line is much different than a ledger-driven bottom line. Which do you think will endure for a hundred years? Any enterprise that is led by people will possess the same characteristics that can be undone by people.

You Already Have the Answer—You’re Just too Busy to Hear It

How do you begin thinking in this “Legacy-Driven mindset?” Decide in your life what is important. You don’t have to do it overnight. But ponder it a bit. Make a list if you need to. When I ask people if they could do any three things in the world right now, what would they be? And they’re always surprised they have an answer. You’ve already prioritized things in your heart but your mind just doesn’t know it. Sometimes you have to cut through all the myriad noise and malarkey in your busy mind to find the truth that’s been there all along. Many times we’ve already made the priority in our hearts, but our minds just can’t—or won’t hear it.

The 4-Ps’s of Creating the “Legacy-Driven” Mindset

Another simple but effective way to help you think about the “Legacy-Driven” mindset is to use what I call the 4 P’s! These are: Passion, Pursuit, People, and Peace.

Passion is what makes you smile. What brightens your eyes when you think about doing it. This passion is the heart of living a “Legacy-Driven” life.

Pursuit is making this passion a reality.

People are real. Communicate with them. Be with them. Put away the electronic barriers that make real communication a false reality. Dance with people you really want to dance with. And don’t be afraid to dance both backwards and forwards. When people believe in your passion, they make the pursuit of it so much more worthwhile.

Peace is finding or creating peacefulness inside of you—one of the most difficult actions to attain in our brutally busy lives. It’s the being mindful of being human—and truly aware of being alive. Do this small step at the end of everyday—it’s a lovely way to put yourself to sleep. Ask yourself did you do a small act of kindness that day? Did you stare at the clouds for a moment? Do you put really listen to someone? Did you just stop and quit thinking for a moment? And if you did any or all these things—smile to yourself that you lived well that day. And if you didn’t, then go to sleep saying you’ll try again tomorrow.

A legacy doesn’t mean the end, but the beginning of a new phase in your life or the next chapter. In order to succeed, you should identify and evaluate your legacy at each stage in your life, whether it’s career oriented or personal. In your quest to make an impact upon yourself and others, you will discover how well this “Legacy-Driven” mindset creates a much deeper sense of a life well lived, while you’re actually living it.

Bio:

Carew Papritz is the 5-Time award-winning author of the inspirational book, The Legacy Letters, which was featured last month in INC.: 5 Gifts That Will Do Good Long After You Buy Them

happy-woman-at-work-mental-health
Making an impact will be just as important as making an income is central to adopting a “Legacy-Driven mindset” and that becomes crucial to long-term success in both our business and personal lives.

In watching how people navigate the landscape of their business and personal lives, I believe that women have a better sense of how to adopt and implement this way of life because women always seem to be in charge of balancing the life and work dance—and like Ginger Rogers with Fred Astaire, they can also do it backwards.

Why a “Legacy-Driven Mindset” is Not a Strategy or Tactic

The “Legacy-Driven mindset” is deciding what is truly important in the entirety of your life—and then living it. Why is this crucial to long-term success in our working and personal lives? Thinking about long-term successes rather than short term fulfillment keeps you focused on your specified path during times of chaos and uncertainty. And because your actions are rooted in a much bigger picture of how you should live your life, you won’t be pulled willy-nilly by every capricious whim and wind that comes your way.

“Living Your Legacy”—In my writing and speaking to groups about my book, The Legacy Letters, I came to the realization one day that legacy was not the sum total of who and of what you left behind in your life but how you “walk your talk” or “live your legacy” in all your words and actions. This long-term outlook—this legacy-driven outlook—is what gives purpose to your priorities. Thoreau wrote: “Simplify, simplify, simplify.” I would rather it be: “Prioritize, prioritize, prioritize.”

The “Ginger Rogers” Syndrome—Why is it so important to prioritize in this life? Because we’ve come to believe that everything we do, all the time, is important. That if we could only answer the next e-mail, text the text message, race to the next meeting, buy the next new thing, go on the perfect vacation, dot every “i” perfectly and cross every “t” like precision, then we would win the race, become the perfect person, and get the gold star for doing the most things in a twenty-four period of time. And as so many professional women know the “Ginger Rogers” syndrome, they still can do it backwards. But this perfection is false prioritizing. It is just checking boxes. And when you reach the end of your life, are you happy that you checked so many boxes so well?

The Regret Test—When I speak to audiences about legacy-driven life, I ask them to take a simple test that I call “The Regret Test.” Imagine you’re ninety years old and now can look back on your life and find all the regrets you have. Imagine talking to yourself right now at the age your and say, “Why are you still at that “great” job making a ton of money and being totally miserable?” or “Why don’t you leave that idiot boyfriend and find someone who loves you, or really wants to have kids with you, or loves you being the CEO of your company?” or “Why don’t you go live in Colorado or France like you’ve always wanted?”

Then you continue the conversation: “I’m here to tell you as your ninety-year old self, you are going down a long path to unhappiness and ultimately will have more regrets than not. And I’m here to tell you that it really sucks to have more regrets at the end of your life when you could have easily decided not to have gone down the path of most regrets. You could have decided to live your life and not the life everyone else wanted you to live. Because, at the end of the day—or the end of your life—if you can’t say to yourself, I’ve done a good job of living well, then you really have blown it.”

Now that’s one powerful conversation to have with yourself.

Bio:

Carew Papritz is the 5-Time award-winning author of the inspirational book, The Legacy Letters, which was featured last month in INC.: 5 Gifts That Will Do Good Long After You Buy Them