Pax Ellevate Global Women’s Index Fund Invest in Women

About Pax Ellevate

Team

Sallie Krawcheck - Chair, Pax Ellevate Global Women's Index Fund

Sallie Krawcheck
Chair

Sallie Krawcheck’s professional mission is to help women reach their financial and professional goals. This spans several businesses: she is the CEO and Co-Founder of Ellevest, a digital investment platform for women. She is also the Chair of Ellevate Network, the global professional woman’s network. And she is the Chair of the Pax Ellevate Global Woman’s Index Fund, which invests in the highest-rated companies in the world for advancing women. She is also the author of Own It: The Power of Women at Work, released in January 2017.

Sallie is the past CEO of Merrill Lynch Wealth Management, the largest wealth management business in the world, at $2.2 trillion in client balances.

She has a track record of turning around and innovating to drive growth in a number of businesses. These include:

  • Reversing the decline in Merrill Lynch’s profitability and Advisor headcount and stabilizing US Trust while at Bank of America, gaining share across the wealth management businesses;
  • Separating research from investment banking at Citi, to restore the business’ reputation and profitability in the wake of the Wall Street research scandal;
  • Substantially growing Sanford Bernstein’s research business by avoiding the conflicts of investment banking; and
  • Integrating and launching the innovative Merrill Edge, Merrill Lynch’s on-line offering.

In addition, alone among senior Wall Street executives, Sallie reimbursed individual investor clients for a portion of losses incurred during the financial downturn from poorly performing products sold by Citi and, later again, at Bank of America.

Prior to joining Bank of America, Sallie was the CEO and Chair for Citi Global Wealth Management, responsible for Smith Barney, the Citi Private Bank, and Citi Investment Research. During her time at Citi, she was also a member of the senior leadership committee and executive committee.

Sallie joined Citi in October 2002 as Chair and CEO of Smith Barney, where she oversaw the global management of the Smith Barney and Citi Investment Research businesses. In 2004, she was appointed Chief Financial Officer for Citigroup. In this role she was responsible for a number of asset dispositions, including the sales of Travelers P&C and Citi Asset Management. 

Prior to joining Citi, Sallie was Chair and CEO of Sanford C. Bernstein & Company. She began her career as a research analyst, covering the financial services industry, a role in which she was consistently ranked first in her field by “Institutional Investor.”

Sallie was named number nine on Fast Company’s 2014 “100 Most Creative People in Business” list, as well as one of “10 Up and Coming Leaders to Watch” by Entrepreneur Magazine. During the research scandals, Fortune Magazine called her “The Last Honest Analyst” and noted that hers was the most influential voice for research quality and integrity. She has been listed as one of Forbes’ and Fortune’s “Most Powerful Women” in business and U.S. Banker’s top “Woman to Watch.” She is a past recipient of CNBC's “Business Leader of the Future Award,” was one of Time magazine’s “Global Business Influentials,” Fortune’s “Most Influential Person Under the Age of 40” and an “Institutional Investor” top CFO in financial services.  She was recognized by the World Economic Forum as one of its Young Global Leaders.

A native of Charleston, South Carolina, Sallie attended the University of North Carolina at Chapel Hill on the Morehead Scholarship and graduated in 1987 with academic honors in Journalism and Political Science. In 1992, she received a Master of Business Administration from Columbia University.

An active participant in the affairs of her alma maters, Krawcheck has endowed her former secondary school, The Porter Gaud School, with the Krawcheck Scholarship, a needs-based scholarship awarding full tuition to students of exceptional aptitude. She is on the Board of 2U, Digital Asset, and Columbia University Business School.  Sallie is a past member of the Board of Directors of Dell Inc, Blackrock, Carnegie Hall and the NY Economic Club.

Joseph Keefe - Chief Executive Officer, Pax Ellevate Global Women's Index Fund

Joseph Keefe
Chief Executive Officer

Joe is President and Chief Executive Officer of Pax World Funds and its investment adviser, Pax World Management LLC, as well as its majority-owned subsidiary, Pax Ellevate Management LLC.

Under Joe’s leadership, Pax World has become one of the leading innovators in the rapidly growing field of sustainable investing. Prior to joining Pax World, Joe was President of NewCircle Communications, a strategic consulting and communications firm specializing in corporate social responsibility and public policy-oriented communications. He served as Senior Adviser for Strategic Social Policy at Calvert Group from 2003-2005 and as Executive Vice President and General Counsel of Citizens Advisers from 1997-2000. He is a former member of the Board of Directors (2000-2006) of US SIF, the trade association representing asset managers and investors engaged in sustainable investing throughout the United States.

Joe is a leading advocate for investing in women and the critical role that gender diversity plays in business success.  He was one of the founders of the Thirty Percent Coalition and the first chair of its institutional investor committee, whose work has led to women joining over 100 previously non-diverse boards.  He is Co-Chair of the Leadership Group for the Women’s Empowerment Principles, a joint program of the United Nations Global Compact and UN Women, and in 2014 was honored at the United Nations as one of five recipients of the Women’s Empowerment Principles Leadership Award. He also serves on the Board of Directors of Women Thrive Alliance, a global network of over 230 member organizations working to achieve gender equality.

Joe has been named by Ethisphere magazine as one of the “100 Most Influential People in Business Ethics” five times, was recognized in 2012 by Women’s eNews as one of “21 Leaders for the 21st Century” (where he was the sole male honoree,) and in 2015, Financial Times named him one of its 10 “top feminist men” for his work helping women succeed in business and beyond. In 2016, Joe was named the University of New Hampshire’s “Social Innovator of the Year” and received the Global Leadership Award from the World Affairs Council of New Hampshire.

He is a former Democratic Nominee for United States Congress in New Hampshire’s First Congressional District and a former Chair of the New Hampshire Democratic Party and member of the Democratic National Committee. He received a Bachelor of Arts in Philosophy from the College of the Holy Cross, and a Juris Doctor degree from the University of Virginia School of Law. Prior to entering the investment management industry, he was in private law practice for 16 years. Prior to entering the investment management industry, he was in private law practice for 16 years.

Anne Greenwood - Senior Vice President, Sales and Marketing, Pax Ellevate Management LLC, Pax Ellevate Global Women's Index Fund

Anne Greenwood
Senior Vice President, Sales and Marketing, Pax Ellevate Management LLC

Anne Greenwood is Senior Vice President, Sales and Marketing at Pax Ellevate Management LLC. Anne is responsible for sales and marketing initiatives related to the Pax Ellevate Global Women’s Index Fund.

Anne has over 25 years of experience at major wealth management firms leading national businesses as well as in regional roles.  Anne served as Managing Director, Head of Client Development for Morgan Stanley.  Before that role, Anne led Smith Barney’s national Retirement Solutions Group including all personal and corporate retirement businesses.  Anne led one of the largest offices in the Smith Barney system in Boston for 10 years before moving to national roles.  She started her career in financial services as a financial advisor with a special focus on impact investing.

Anne graduated magna cum laude with a Bachelor of Arts degree from Cornell University and earned a Masters of Public Administration from Harvard University. She is a former President’s Council member for the Cornell University Alumni Giving, an Advisor for Advisors Ahead Inc. and a Finance Committee Member of the Cambridge Homes Association. Anne also earned the Advanced Leadership Fellow award from Harvard University in 2012.

Anne Greenwood is a registered representative of ALPS Distributors, Inc.

Julie Gorte, PhD - Senior Vice President, Sustainable Investing, Pax Ellevate Global Women's Index Fund

Julie Gorte, PhD
Senior Vice President, Sustainable Investing
Portfolio Manager, Pax Ellevate Global Women's Index Fund

Julie is the Senior Vice President for Sustainable Investing at Pax World Management LLC. She oversees Environmental, Social and Governance-related research on prospective and current investments as well as Pax’s shareholder advocacy and work on public policy advocacy. Julie is also a member of the Pax World Gender Analytics team and a Portfolio Manager of the Pax Ellevate Global Women’s Index Fund.

Julie serves on the boards of Ceres, the Sustainable Investments Institute, the Endangered Species Coalition and the American Sustainable Business Council. She serves as the co-chair of the Asset Management Working Group of the United Nations Environment Programme Finance Initiatives and is on the steering committee for UNEP’s workstream on biodiversity.

Prior to joining Pax, Julie served as Vice President and Chief Social Investment Strategist at Calvert. Her experience before she joined the investment world in 1999 includes nearly 14 years as Senior Associate and Project Director at the Congressional Office of Technology Assessment, Vice President for Economic and Environmental Research at The Wilderness Society, Program Manager for Technology Programs in the Environmental Protection Agency’s policy office and Senior Associate at the Northeast-Midwest Institute. She received her Bachelor of Science in Forest Management at Northern Arizona University and a Master of Science and Ph.D from Michigan State in resource economics.

Heather Smith - Lead Sustainability Research Analyst, Pax Ellevate Global Women's Index Fund

Heather Smith
Lead Sustainability Research Analyst
Portfolio Manager, Pax Ellevate Global Women's Index Fund

Heather Smith is Lead Sustainability Research Analyst at Pax World Management LLC. As such, she researches and evaluates the environmental, social and governance (ESG) performance of companies for inclusion in Pax World’s portfolios. She is also a member of the Pax World Gender Analytics team and a Portfolio Manager of the Pax Ellevate Global Women’s Index Fund. Heather is involved in overseeing Pax World’s proxy voting and coordinating its gender related shareholder engagements. She previously served as a member of the Sustainable Investment Research Analyst Network’s (SIRAN) steering committee.

Prior to joining Pax World, Heather was a Legislative Aide for the New Hampshire State Senate. She received a bachelor’s degree in Political Science and an MBA from the University of New Hampshire.

Scott LaBreche - Director, Portfolio Analytics and Index Optimization, Pax Ellevate Global Women's Index Fund

Scott LaBreche
Director, Portfolio Analytics and Index Optimization
Portfolio Manager, Pax Ellevate Global Women's Index Fund

Scott LaBreche is Director of Portfolio Analytics and Index Optimization at Pax World Management and a Portfolio Manager of the Pax Ellevate Global Women’s Index Fund. In addition to his role in constructing and managing the Pax Global Women's Leadership Index and managing the Fund, Scott is responsible for advanced analytics, risk oversight, fund optimization and board reporting as well as overseeing performance and attribution. He is also a Portfolio Manager of the Pax MSCI International ESG Index Fund. Scott does fund research and quantitative ESG research across Pax World’s funds.

Prior to joining Pax World in 2007, Scott was a Securities Fund Analyst at Lincoln Financial Group. He has been in the mutual fund industry since 1998.

Scott holds a Bachelor of Science in Business Administration and a Masters of Business Administration with Advanced Certificate in Finance from Southern New Hampshire University.

Kelly Coyne - Vice President, Business Development, Pax Ellevate Global Women's Index Fund

Kelly Coyne
Vice President, Business Development

Kelly Coyne is Vice President, Advisor Sales at Pax Ellevate Management LLC.  Kelly is responsible for national sales and marketing initiatives related to the Pax Ellevate Global Women’s Index Fund.

She also helps financial advisors build their practices and better engage and serve the next generation of clients through Pax World’s Millennials & Money practice management initiative.

Kelly joined Pax World in 2014, bringing with her several years of sales and client service experience within the mutual fund industry at Eaton Vance Corporation and F-Squared Investments.

Kelly earned a Bachelor of Arts degree in Human Rights from Trinity College. She holds the Financial Industry Regulatory Authority (FINRA) Series 6, 63 and 65 registrations.

Kelly Coyne is a registered representative of ALPS Distributors, Inc.

RISKS: Investment in mutual funds involves risk, including possible loss of principal invested. You could lose money on your investment in the Fund or the Fund could underperform because of the following risks: the market prices of stocks held by the Fund may fall; individual investments of the Fund may not perform as expected; the Fund’s portfolio management practices may not achieve the desired result. The Fund does not take defensive positions in declining markets. Accordingly, the Fund’s performance would likely be adversely affected by a decline in the Index. Investments in emerging markets and non-US Securities are generally less liquid and less efficient than investments in developed markets and are subject to additional risks, such as risks of adverse governmental regulation, intervention and political developments. As this Fund can have a high concentration in some issuers the Fund can be adversely impacted by changes affecting issuers. There is no guarantee that the objective will be met and diversification does not eliminate risk.