Have you heard the news? Krupa, the investment bank boss at Societe Generale, has just been announced as the next CEO of the company. This is a huge step forward for women in finance, and we couldn’t be more excited. Alongside her, Bankman-Fried from FTX has revealed that he is worth a mostly illiquid $10B. What does this mean for the future of finance and wealth distribution?
Societe Generale’s New CEO
Born in Poland, Krupa has worked her way up the ranks at Societe Generale, an investment bank headquartered in France. She started her career as a risk analyst, eventually leading to her appointment as the first female head of investment banking in 2017. Her appointment as CEO marks a historic milestone for women in finance, and we look forward to seeing her lead the company towards even greater success.
FTX’s Illiquid CEO
Bankman-Fried’s revelation that he is worth a mostly illiquid $10B has raised eyebrows in the finance industry. The FTX CEO has amassed his wealth through cryptocurrency trading, a relatively new market that has seen explosive growth in recent years. What does this mean for traditional finance and wealth distribution? Only time will tell.
FAQ
What does illiquid mean?
Illiquid assets are those that cannot be easily converted to cash, such as real estate or private investments.
How did Krupa become CEO of Societe Generale?
Krupa started her career as a risk analyst at Societe Generale and worked her way up to become the first female head of investment banking in 2017 before being appointed as CEO in 2021.
How did Bankman-Fried become so wealthy?
Bankman-Fried amassed his wealth through cryptocurrency trading, a relatively new market that has seen explosive growth in recent years.
Overall, these announcements are exciting developments for the finance industry. We hope to see more women and people of color taking on leadership roles and bringing diverse perspectives to the table.
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