- WIB PH
It's not often that a Wall Street research firm turns to the CIA, but Wells Fargo's Diane Schumaker-Krieg is always intent on finding an edge.
September 18
Diane Schumaker-Krieg
Global Head of Research, Economics and Strategy, Wells Fargo Securities
When Diane Schumaker-Krieg speaks about advancing women in the business world as she frequently does she often mentions her 10 practical career tips. No. 5 on the list is "be confident."
"Don't let the obnoxious roommate living in your head tell you that you can't do it," says Wells Fargo Securities' global head of research, economics and strategy.
It's hard to believe Schumaker-Krieg ever paid any attention to such a roommate. Since her appointment as head of global research for Wachovia Securities in 2004, Schumaker-Krieg has built the unit into a powerhouse, first for Wachovia, and after its 2009 acquisition, for Wells Fargo.
She has consistently taken on new responsibilities: economics in 2007, municipal strategy in 2011 and credit and financial strategy in 2012.
Today, Schumaker-Krieg's team of 275 analysts covers 2,200 securities and produces 35,000 reports annually. The Priority Stock List she introduced in May 2010 outpaced the S&P 500 by 15.2% in 2013. It's beaten the S&P by 36.1% during its first four years.
If work is Schumaker-Krieg's first passion, advancing the careers of other women ranks a close second. Last year she helped launch an initiative at Wells Fargo that seeks to identify high-potential women and provide them with training, networking opportunities and mentoring.
Schumaker-Krieg's boss, Wells Fargo Securities President Jonathan Weiss, calls her "the most effective leader for women's advancement within our company," and in 2013, Schumaker-Krieg took her advocacy on the road, delivering keynote addresses to groups in London, New York and Hong Kong. In Hong Kong, she told the Women's Leadership Foundation that those women "in leadership positions need to make it a point to reach out to other talented women."
