Carla Harris is actively involved in her community and heartily believes that “we are blessed so that we can be a blessing to someone else.” Thomas Aquinas College, Babson College and Fisk University, Wake Forest University and Felician University respectively. Carla has also received Honorary Doctorates of Laws, Humanities and Business from Marymount Manhattan College, Bloomfield College, Converse College, Jacksonville University, Simmons College, the College of New Rochelle, St. Prior to joining Morgan Stanley, Carla received an MBA, Second Year Honors from Harvard Business School and an AB in economics from Harvard University, Magna Cum Laude. Bankers Top 25 Most Powerful Women in Finance (2009, 2010, 2011), Black Enterprise’s Top 75 Most Powerful Women in Business (2017), and “Top 75 African Americans on Wall Street”, and to Essence Magazine’s list of “The 50 Women Who are Shaping the World”, Ebony’s list of the Power 100 and “15 Corporate Women at the Top” and was named “Woman of the Year 2004” by the Harvard Black Men’s Forum and in 2011 by the Yale Black Men’s Forum. Harris was named to Fortune Magazine’s list of “The 50 Most Powerful Black Executives in Corporate America”, Fortune’s Most Influential List, U. Harris was a senior member of the equity syndicate desk and executed such transactions as initial public offerings for UPS, Martha Stewart Living Omnimedia, Ariba, Redback, the General Motors sub-IPO of Delphi Automotive, and the $3.2 Billion common stock transaction for Immunex Corporation, one of the largest biotechnology common stock transactions in U.S. In August 2013, Carla Harris was appointed by President Barack Obama to chair the National Women’s Business Council.įor more than a decade, Ms. Harris has had extensive industry experiences in the technology, media, retail, telecommunications, transportation, industrial, and healthcare sectors. She formerly headed the Emerging Manager Platform, the equity capital markets effort for the consumer and retail industries and was responsible for Equity Private Placements. She was most recently as a Vice Chairman responsible for increasing client connectivity and penetration to enhance revenue generation across the firm. In this year's progress report, 39% and 55% of firms surveyed have done so, respectively.Carla Harris is a Senior Client Advisor at Morgan Stanley. Last year, Morgan Stanley recommended VCs release diversity metrics and diversify their own talent pipelines. "They have found that they actually have returned better performance or at a minimum are on par with the rest of the portfolio." Harris said she's heartened by the 49% of venture capital firms in the report that say they're aware of the performance of female and multicultural founded portfolio companies. "Why can't you look at that opportunity through the lens of expansion risk?" she asked.īy expanding their networks beyond the predominantly White confines of the venture capital elite and its feeder schools, VCs can reach those goals more easily, according to the Morgan Stanley report. She suggests that one way for VCs to diversify their portfolios is to include female and multicultural founders in their "expansion risk" calculus - the 10% to 20% commitment investors typically devote to ventures outside their core competency.Īt the 10th annual CNBC/Institutional Investor Delivering Alpha conference in September, Harris compared investment in diverse founders to an investment in software-as-a-service 30 years ago, or driverless cars or cloud computing 20 years ago. However, Harris suspects that the transparency trend will catch up with VCs soon. Thus far, the venture capital industry has largely been spared the same scrutiny. In the third quarter of 2020, Pitchbook found that venture capital funding for all female founders is on pace for its worst year since 2017, even though overall VC investments in 2020 match previous years.Īs 2020's civil unrest heightened awareness of the Black Lives Matter movement, C-suites across all industries have come under pressure to diversify their boardrooms, portfolios and talent pipelines, and to disclose the progress made. Morgan Stanley is not alone in recognizing the funding gap. you can do quite well and do good," she said on "Squawk Box." Harris, who is also her firm's head of multicultural client strategy, added that the survey also shows a bright spot in funding that has a long history of uneven support for female and multicultural founders. "Can you really do well and do good at the same time? It took us a few decades to realize. Personal Loans for 670 Credit Score or LowerĬarla Harris, Morgan Stanley vice chair of global wealth management, told CNBC on Thursday that such numbers are significantly higher than a few decades ago. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |