NEW YORK, April 18, 2012 /PRNewswire/ -- Sallie Krawcheck, one of the financial industry's most prominent executives, has been named to the Advisory Board of Gold Bullion International (GBI), the company announced today.
The appointment of Ms. Krawcheck, past President of Bank of America Corp.'s Global Wealth Management group, is effective immediately.
"We're extremely pleased that Sallie will be lending her exceptional talent to our team of advisors," said Savneet Singh, GBI's Chief Executive Officer. "She is one of the financial industry's most influential leaders, and her appointment reinforces the strength and depth of our organization and platform."
Krawcheck was in charge of global wealth and investment management during her tenure with Bank of America, overseeing $2.2 trillion in total client balances. Before joining BofA, she was Chief Executive Officer and Chairman of Citi Global Wealth Management. Krawcheck has been named to the Forbes "World's 100 Most Powerful Women" list six times, and Fortune's "50 Most Powerful Women in Business" five times.
"I saw the value of the GBI model and philosophy as soon as I was introduced to the company and its management," Krawcheck said. "Creating a seamless platform and democratizing the ownership of physical gold and precious metals is much overdue and another important tool for investors."
Krawcheck joins four other distinguished business and government executives on GBI's Advisory Board, including Gen. Wesley K. Clark; John Hathaway, senior managing director and member of the Investment Committee at Tocqueville Asset Management; former U.S. Securities and Exchange Commission Chairman Arthur Levitt; and Dan Tapiero, who manages a global macro portfolio at SAC Capital.
"Sallie will provide valuable insight as we further expand GBI's presence in the wealth management and investment communities," Singh added. "Our company's technology platform enables clients to acquire and manage their precious metals assets directly through GBI or through their own wealth management accounts."
The GBI platform streamlines an antiquated system of purchasing, vaulting and owning physical precious metals. It is the first company in the industry to technologically integrate onto a wealth management workstation, and allows clients to manage specifically allocated products in a cost-effective manner, permitting the purchase of precious metals as easily as ordering a stock or a bond.
Recently, GBI also announced a program that allows publicly traded companies to offer shareholders their dividends in physical gold or silver, instead of cash.
About Gold Bullion International:
Gold Bullion International (GBI) is a leading institutional precious metals provider to Individual Investors and the wealth management industry. GBI's technology platform allows clients to acquire and manage their precious metals assets directly through GBI or through their existing wealth management account relationships. Precious metals are acquired from London Bullion Market Association approved dealers and stored on behalf of clients in protected and insured vaults in New York, Salt Lake City, London and Zurich. GBI is the safest and most reliable option for precious metals owners.
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SOURCE Gold Bullion International