Mallouk has been expanding the firm’s reach as it seeks to manage its meteoric growth. POWER PLAY: Mallouk is at the forefront of a shift in the financial industry away from large brokerage firms and toward independent advisors that are themselves increasingly large, multistate operations. Though an increasingly potent force in the financial industry, Mallouk has not set out for New York-he still does most of his business in his home state. Under his leadership, however, Creative Planning’s business exploded the firm now has offices coast to coast and AUM of more than $26 billion. He had modest ambitions: to service the Kansas City area, pitching the company as a less-conflicted alternative to large brokerage firms with proprietary investments. He first worked for Creative Planning as an estate planner, then purchased the investment firm in 2004. He grew up in Kansas, earned his degrees (several BAs, a law degree and an MBA) from the University of Kansas and is a major philanthropist in the Kansas City area.
PATH TO POWER: The son of Egyptian immigrants, Mallouk is a resolute Midwesterner.
Brown has been successful at promoting diversity and making Bloomberg an example to the industry, because she has been able to prove that it improves the bottom line. She has been instrumental in improving diversity in Bloomberg’s 192 global offices, and her recommendations, from 18-week paid family leave for men and women to pushing for amicus letters from the company in support of gay marriage, are solidly based in data. POWER PLAY: Thanks to her hard-core financial background, Brown’s recommendations carry a lot of clout. In 2015 she joined Bloomberg as its first global head of diversity and inclusion. Over the years she worked at Morgan Stanley, Lehman once more and Bank of America, and was part of Barack Obama’s Treasury transition team in 20. After graduating from SUNY Albany, Brown started her career at Lehman Brothers-a rare black woman in the financial industry in the early 1990s- and within four years was a senior policy analyst at the Treasury Department under President Clinton. PATH TO POWER: Born in Brooklyn to a junior high school math teacher and a computer administrator for the New York City Housing Authority, Brown had an early acuity for numbers combined with a sense of public duty. This year, he started the Kelan Global Opportunities Fund to invest in the long-term trends that he has been identifying, analyzing and sharing for years. His specialty, he explains, is a “global generalist approach,” which involves “connecting the seemingly irrelevant dots” to understand how worldwide trends create winners and losers. POWER PLAY: Mansharamani has had a career offering advice through speeches, columns, serving on boards and consulting. His influential opinions on topics ranging from global politics to food systems to the economy have been published in outlets including the Financial Times, the Daily Beast, the Harvard Business Review and LinkedIn, where he was ranked the number one top voice for finance and economics in 20. He has worked in management consulting, investment banking and asset management, and is a lecturer at Harvard and, before that, Yale.
His 2011 book, Boombustology: Spotting Financial Bubbles Before They Burst, established him as an expert on global markets. That, in turn, landed him an internship on the institutional equity sales and trading desk at Bear Stearns-a unique experience for a 16-year-old. PATH TO POWER: Mansharamani grew up in New Jersey and won a scholarship funded by Vanguard founder Jack Bogle to attend the prestigious boarding school Blair Academy. In August, Sloan warned his employees the scandal could grow, and, shortly thereafter, it did: A review by the bank discovered that 1.4 million more accounts than previously reported were opened without customers’ permission. So rough, in fact, that by the end of it, senator Elizabeth Warren was calling on members of Sloan’s board-though not Sloan himself-to resign. POWER PLAY:Predictably, 2017 was a rough year for the bank. It’s hard to see how he will avoid being tainted by a scandal that just keeps rolling. Sloan must have known he was stepping into a tight spot he’s a member of Wells Fargo’s old guard-though he oversaw wholesale banking, not the bank’s embattled retail unit.
Late last year, he took over the reins from John Stumpf, who was forced out after it was revealed that, under pressure to meet aggressive sales goals, Wells Fargo employees had created as many as 2 million bogus bank and credit card accounts. PATH TO POWER: Sloan has been with Wells Fargo since 1987, and by 2015 he had risen to president and COO.
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