Women break through on Wall Street to advise big deal

Business Woman

Two rainmakers who helped seal the largest acquisition in more than a decade were women: Karen Cook, a 14-year veteran of Goldman Sachs' investment bank in Europe, and Jennifer Nason, JPMorgan's top adviser to technology companies.

Bloomberg News reports that Cook, 60, a London-based president for Goldman Sachs’s European business, led the investment bank’s team on the deal.

Goldman Sachs and UBS advised Vodafone on the $130bn sale of its 45% stake in its wireless joint venture with Verizon Communications.

Verizon was advised by Paul Taubman, a Morgan Stanley veteran who is now working independently, and Guggenheim Partners.

Less than one-third of executive and senior officials in finance and insurance are women, even as they account for 59% of employees in those fields, data collected by the U.S. Equal Employment Opportunity Commission show.

'It’s important to see that women on Wall Street are doing major deals and getting significant press', said Jeanne Branthover, head of the global financial services practice at Boyden Global Executive Search. 'But people cannot forget how few of these women there are'.

Hit the link below to access the complete Bloomberg article:

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image: © Valerie Everett

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