Krawcheck joins the four-person board, which includes 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.
GBI 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.
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.”
Matt Ackermann writes for Financial Planning.