NEW YORK, NY, September 19, 2018 – Prospect 33 LLC announced today that, Michelle Pais, the Company’s current Chief Operations Officer, has effectively been promoted to President, and John Frost to Sales Director. The move follows a strategic realignment of Prospect 33’s core business into transformative financial technologies (FinTech, AI & Blockchain).
It's about time and she’s not backing down. Last week on International Women’s Day a bronze statue of a defiant little girl was revealed by State Street Global Advisors. The art installation was created by artist Kristen Visbal and is positioned to seem as if she is facing off against the charge of the Wall Street Bull. One in four companies in the Russell 3000 index has no women on their boards and almost 60% have fewer than 15% of women on their boards. In 2015, the 2020 Women on Boards Gender Diversity Index of Fortune 1000 companies found that women make up 17.9% of the total number of corporate directors. Compared to the the impact women have made on the U.S. economy: 47% of the entire workforce, 70% to 80% of all purchases, and they hold half of all management, professional and related positions. That number is tiny.
March wasn’t always known as Women’s History month; not very long ago in the 1970’s, women’s history was pretty much an unknown topic in the K-12 curriculum and in the general public’s cognizance. The Education Task Force of the Sonoma County in California was one of the first states to address the situation. They initiated a “Women’s History Week” celebration for 1978. March 8th, International Women’s Day, was picked to be the center of the observance. The declaration of Women’s History week had a very passionate and eager response: schools across the country planned special programs, over one hundred women in the community participated with presentations in classrooms throughout the country, and hundreds of people participated in a contest known as the “Real Woman Essay Contest”. At the end of the week there was a huge parade filled with celebratory programs held in the center of downtown Santa Rosa, California.
With all the changes starting to take place in the world of global finance, people have been throwing around lots of terms, and mentioning bills and acts and inciting confusion and anger. One of the most important ones that has recently caused an uproar is the Dodd Frank Act.
When we think of investment banking, we typically imagine high stakes dealings on modern-day Wall St. – but in actuality, investment banking has existed in some form for centuries. From medieval financiers to moneymen of the Great Depression and into this age of flickering financial reform, the history of the investment bank and the banking institutions is one filled with curiosity and intrigue.