Ellevate Network

Ellevate Network
Formation 1997 (1997)
Type Professional association
Headquarters New York, NY
Chair
 Sallie Krawcheck
CEO
 Kristy Wallace
Website ellevatenetwork.com
Formerly called
 85 Broads

Ellevate Network (formerly 85 Broads) is a global network of professional women committed to elevating each other through education, inspiration, and opportunity. Their mission is to close the gender-based achievement gap in business by providing women with a community to lean on and learn from. Founded in 1997[1] to bring high-achieving women in finance together, the network now serves women across industries and around the world. Ellevate Network is chaired by Sallie Krawcheck. Its CEO is Kristy Wallace.[2]

Ellevate Network has over 40 chapters in the United States and around the world.

History

Ellevate was founded in 1997 as 85 Broads by Janet Hanson. Hanson had formerly worked at Goldman Sachs and formed the organization as an alumnae network for women who had left the firm. The name came from the address of New York's Goldman Sachs office.[1]

Sallie Krawcheck, former head of global wealth management at Merrill Lynch, acquired 85 Broads Unlimited LLC in 2013 and rebranded the organization as Ellevate in 2014.[3][4] Following Krawcheck's acquisition, Hanson stayed involved with the organization as Chairman Emeritus and as an advisor to Krawcheck.[5]

Services

Ellevate Network hosts networking events around the world: online webinars, online networking, and career advice on topics like creating a personal brand, growing a business, finding a mentor, reinventing your career, and finding balance and fulfillment. Ellevate Network also provides Squads to professional women, an innovative online program that uses technology to help professional women get ahead in business by leveraging Ellevate’s community to lean on and learn from. Special events, opportunities and advice are all available for young professionals, working mothers, entrepreneurs, and senior executives.

Partnerships

On March 21, 2016 Ellevate announced a partnership with American Corporate Partners, a women's veteran mentoring program.[6][7]

In 2014, Ellevate partnered with Pax World Management to form the Pax Ellevate Global Women's Index Fund, a fund focused on companies with significant representation of women in director and officer positions.[8]

References

  1. 1 2 "Connecting Best and Brightest Women — Janet Hanson 85 Broads". Wharton Work/Life. Retrieved 2016-03-24.
  2. ↑ "Our Team | Ellevate". www.ellevatenetwork.com. Retrieved 2016-03-24.
  3. ↑ "85 Broads is changing its name to Ellevate, will invest in women via index fund, Sallie Krawcheck says - Bizwomen". The Business Journals. Retrieved 2016-03-24.
  4. ↑ Marcinek, Laura. "Krawcheck to Acquire 85 Broads From Ex-Goldman Executive". Bloomberg.com. Retrieved 2016-03-24.
  5. ↑ "Sallie Krawcheck Is Buying Women's Networking Group '85 Broads'". Business Insider. Retrieved 2018-01-11.
  6. ↑ "American Corporate Partners Launches Mentoring Initiative for Transitioning Women Veterans". acp-usa.org. Retrieved 2016-03-24.
  7. ↑ "Help a Transitioning Female Veteran Find Her Next Career". www.ellevatenetwork.com. Retrieved 2016-03-24.
  8. ↑ Alden, William. "Sallie Krawcheck Opens an Index Fund Focused on Women". DealBook. Retrieved 2018-01-11.
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