He was 15, she was 12. The people in the audience were crying, something I will never forget. There wasnt anything in particular that happened, she recalls, but I became aware of a power that I could depend on. She has become Managing Director in Global Capital Markets for the firm. Citigroup They ingrained in me that I had to take responsibility for myself. Her tight-knit family included two grandmothers who were a key part of her upbringing, as was church. People say when men get married, the first thing they learn is to say, 'Yes, dear.' The song emanated out of slave times, but it was joyful and talked about freedom. I am so very honored to receive the Laetere Medal and to be a part of this important day in your life. When a college counselor told her not to apply to Ivy League schools because they were too competitive, she didnt heed his advice, was accepted everywhere she applied, and picked Harvard. 1987 Earns MBA Expect to Win: Proven Strategies for Success from a Wall Street Vet. This little girl is clearly divinely ours, says Harris, who is all smiles as she talks about motherhood, even while admitting that balancing her career and family takes work. The summer after her sophomore year, however, the economics major decided to try an internship in investment banking, courtesy of Sponsors for Educational Opportunity, a mentoring program for minority students. In 2001, Harris married her high school sweetheart, Victor Franklin, at St. Charles Borromeo Church in Harlem, where she remains an active parishioner. 2005 First solo concert at Carnegie Hall I remember thinking, This is what people mean when they say the arts transcend everything. Carla Harris is a Wall Street veteran. Says Cohen: Were just getting started.. I know this deal will get done this afternoon. Im half-joking, but people also know Im for real., At Harvard and HBS, Harris began to explore her faith and relationship with God a bit more. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. Prabook is a registered trademark of World Biographical Encyclopedia, Inc. Carla Ann Harris, American investment company executive. During her three decades at Morgan Stanley, for example, she has led numerous initiatives focused on women and minorities and mentored hundreds of associates. Song she sang at their reception: Etta Jamess At Last. Kids? Harris grew up in Jacksonville, Florida, the only child of an educator and a commercial fishing boat captain. After high school graduation, Harris left Jacksonville and entered Harvard University where she graduated magna cum laude with her A.B. Sign up with your email address to receive news, updates, and insider access to new things Carla. Established at Notre Dame in 1883, the Laetare Medal was conceived as an American counterpart of the Golden Rose, a papal honor that antedates the 11th century. Named to Most Influential List, Fortune magazine. Not yet. Sallie Krawcheck. The road will be tough. I get it now why the School balances the class diversity. As a woman of color in this business, you dont want there to be a question about whether youve got what it takes to deal with any assignment.. I like being in a position of communicating a message of hope, joy, and the idea that theres a better day ahead if we can just hang in there. Bottom row: Karen McDonald, Ida Liu, Mary Callahan Erdoes, Gunjan Kedia, Christine Benz. ''It was a 13-hour date,'' she remembered. Carla Harris on the Go What pushes her buttons: "I am negatively motivated. Women are achieving increased prominence and power in the world of finance, not least in the universe of wealth management. What's your favorite local restaurant? Benz, who started with Morningstar in 1993 as a copy editor and took on her current role in 2008, has made educating the average investor the central goal of her 28-year career in finance. Thats part of the value of HBS. Carla Harris is a renowned author, having written several best-selling books such as "Lead to Win: How to Be a Powerful, Impactful, Influential Leader in Any Environment" and "Strategize to Win: The New Way to Start Out, Step Up, or Start Over". An error has occurred, please try again later. In 2000 she released the CD Carlas First Christmas, followed by Joy Is Waiting in 2005. Carla Harris, one of the few Black women to rise to the top echelons of Wall Street, is stepping down as Morgan Stanley 's vice chairman of wealth management. She isn't like someone who sits in another world and rides in a chauffeured car.''. Kedia tells Barrons, I came to the U.S. after finishing my engineering [degree] in India. But know this, failure always brings you a gift and that gift is called experience. ''He'd buy me a hamburger if I won, and if he won, I had to give him my number,'' she remembered. Liz Ann Sonders, chief investment strategist, Charles Schwab. Harris on the steps of Harlem's St. Charles Borromeo Church, On a summer day in 1983, Carla Ann Harris (MBA 87) stood before an audience of East Germans in a Leipzig church. She has released multiple albums and produced and performed sold-out benefit concerts at Carnegie Hall and the Apollo Theatre. Carla Harris is a Senior Client Advisor at Morgan Stanley. And when it creeps up the back of your neck, remind yourself as I do, that fear is just False Evidence of Things Appearing Real. Its really not there. Sonders says she is always trying to weave in a basis of history when addressing investors. I am a proud product of Catholic schools, where I attended from kindergarten to 12th grade and where I learned along with the values and principles taught in my home, to treat others the way that I wanted to be treated, to be of service to others, and frankly to help anyone, anyway, and any how you can, simply because you can. I dont feel like I have to turn on the banker and turn off the singer and spiritual person they coexist.. Graduates, the more that you ask for His help, the more you will come to know His voice and your power of discernment will get stronger. Education Bachelor in economics, Harvard University, 1984. There is only one you, your authenticity is your distinct competitive advantage. 1, Carla Harris describes her decision to attend Harvard University in Cambridge, Massachusetts, pt. How they met: Bowling. Diversity takes intentionality, accountability, and consistency. I fell in love with Wall Street and the idea of taking on an enormous amount of responsibility at a relatively young age, she says. Alice Vilma (MBA2007); Betsy Odita (MBA1998); Jean Kovacs (MBA1985); Jason Klein She and her husband, Victor Franklin, were high school sweethearts; their wedding was at St. Charles Borromeo in 2001. That was my introduction to finance and the MBA degree, she says, noting that back in Cambridge, she began crossing the river to study at Baker Library and attended a conference organized by HBSs African-American Student Union. Any time you approach anything in your life from a position of fear, you will always under penetrate that opportunity. Key Points. She will receive the medal during the university's Commencement Ceremony May 23. 2013 Named Vice Chairman, Morgan Stanley When a guidance counselor suggested Harris avoid applying to Ivy League schools due to their competitiveness, she channeled this negativity into determination and applied to state schools as well as Ivies. She won, but he got her phone number anyway and also won her heart. Graduates, I could not be more excited for you. While Harris isnt logging as many business travel miles as she was before the pandemic, she has been using some of her found time to finish up her third book, release an album of Christmas songs, and grow Morgan Stanleys accelerator for start-ups, the Multicultural Innovation Lab. 2005 Releases album, Joy Is Waiting Married Victor Adrian Franklin, August 11, 2001. Amen, amen, amen! and Ellevests Carla Harris is a Vice Chairman, Managing Director and Senior Client Advisor at Morgan Stanley. A married mother of two, she resides in New Jersey. She was chair of the Morgan Stanley Foundation from 2005 to 2014 and is a member of the boards for Harvard University and the Walmart Corp. Carla Harris 2023 | Site Designed by MODD Creative Agency. Carla Harris is one lucky person. You may have an oversubscribed deal, but how far should you push it? Once we were going through a tough deal and I said, OK, its lunchtime. Consistent with this belief, Harris has mentored hundreds of associates and led efforts focused on promoting women and people of color in business. I work with corporate issuers and financial sponsors to help them think about the right time to take a company public or to raise equity capital, the right valuation for a stock, and which investors to target. I told them, I dont know, but were going to find a way. Through financial aid, parental contributions, and student jobs, they did. Black Enterprise named her one of the Top 50 African Americans on Wall Street. Father John I. Jenkins, C.S.C., president of Notre Dame, said in a statement, Throughout her exceptional career, Carla Harris has exemplified the highest ideals of American enterprise, championed the principle that opportunity should never be denied on the basis of gender or race and generously mentored countless rising leaders. Father Jenkins also cited Ms. Harriss commitment to service and her Catholic faith. Why buy it now?, In 1999, Harris managed the execution of the IPO for UPS, the largest public offering in U.S. history at the time, with 109.4 million shares raising $5.47 billion. 2, Carla Harris reflects upon how her generation has failed to pass on their sense of determination to their children, Carla Harris describes the sights, sounds, and smells of her childhood in Jacksonville, Florida, Carla Harris recalls her consciousness of race in elementary school, Carla Harris recalls her expanding consciousness of race at Harvard University in Cambridge, Massachusetts, Carla Harris shares her opinions about the use of the N-word and recalls a racist experience at Harvard University in Cambridge, Massachusetts, Carla Harris describes her decision to attend Harvard University in Cambridge, Massachusetts, pt. Expect to Win is a must-read for anyone seeking battle-tested tools to triumph over common career challenges and to achieve maximum success in any field. Re: Carla Harris (MBA1987); By: Julia Hanna, Re: Steve Phillips (MBA1983); Hsiang-Yi Lin (MBA2008); Carla Harris (MBA1987); God is good, all of the time and all of the time, God is good! Franklin, TN 37067 Phone: (615) 261-4000. Carla's main thing was her career. (MBA1970); Bob Wilson (MBA1961), Re: Steve Phillips (MBA1983); Hsiang-Yi Lin (MBA2008); Carla Harris (MBA1987); All rights reserved. The Bible What are you listening to? Carla invests in other people and helps others see their dreams come to light, says Damon Caldwell, an HBS classmate who was in her study group. That's coming. I am a proud product of Catholic schools, where I attended from kindergarten to 12 th grade and where I learned along with the values and principles taught in my home, to treat others the way that I wanted to be treated, to be of service to others, and frankly to help anyone, anyway, and any how you can, simply because you can. Harris began her career at a time when very few of her colleagues were Black or women, and her trajectory has been steadily ascendant. Harris, vice chairman of wealth management; managing director; and senior client adviser at Morgan Stanley, told her audience that everyone needs to cultivate performance currency and relationship currency ideas she expands on in her book, Strategize to Win. Performance currency is simply delivering what was asked of you plus a little bit more. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". She executed the IPOs for UPS, Martha Stewart Living Omnimedia, and Redback, as well as the $3.2 billion common stock transaction for Immunex, one of the largest biotech common stock offerings in U.S. history. As a sought-after public speaker, she shares her pearls of wisdom, helping inspire others to be the best version of themselves. Inspiring Carla Harris Quotes. She will be a senior client adviser to the firm, according to an internal memo sent Tuesday. ~ Carla Harris. He was 15, she was 12. While her faith wasand remainssolidly Catholic, she also attended a Baptist church so that she could sing in the gospel choir. The consumer business at Goldman generated $1.2 billion in revenue last year and the division overall took in $6 billion, or 13% of Goldmans total. We need to help them articulate the answers to the questions, Why buy this stock? Women are achieving increased prominence and power in the world of finance, not least in the universe of wealth management. Facebook gives people the power to. To give somebody hope through what youre singing is a big deal.. Morgan Stanley Gladys Knight, Aretha Franklin, Anita Baker, Cece and Bebe Winan, Yolanda Adams, Carla Harris Yes, graduates of 2021, its all about his His grace - His Amazing Grace. Ms. Franklin, who was born a year before American women won the right to vote, got to watch Kamala Harris, a Black woman like her, sworn in as vice president of the United States. 1 of 20 Convicted killer Clara Harris looks toward her supporters after the end of testimony Tuesday, Jan. 16, 2007 in Houston. Before moving to Cambridge in 1980, Harris says she harbored the usual expectations of Harvard as a preppy, stuffy place, but found she was one of the few wearing Docksiders and green sweaters. She joined in 1987 and worked her way up, holding positions in mergers and acquisitions and equity capital marketswhere she handled the initial public offering of UPS, the largest IPO to date in 1999. The three pearls that I want to leave you with today: As I close, let me also encourage you, to exercise and strengthen your muscle of asking God for His counsel, before you make any decision. As I close, I want to leave you with a few of Carlas Pearls, as I like to call them, my hard-earned and hard-learned pearls after being a woman of color on Wall Street for 34 years. I am a career investment banker, a public/motivational speaker, author, gospel recording artist. She donated the proceeds to two high schools. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. The boys words struck a chord with Harris, who has spent much of her life exemplifying his advice. Carla Harris, vice chairman of wealth management and senior client adviser at Morgan Stanley, is also a celebrated gospel singer, speaker and author and will be awarded the University of Notre Dame's 2021 Laetare Medal. Her first experience with singing before an audience was at a fourth-grade talent show. Mary Callahan Erdoes, CEO, Faith has also played a role in Harriss expanding family life. She was raised in Jacksonville, Florida. View the profiles of people named Carla Harris. WHEN Carla Ann Harris, 38, reached the ''I take you as my husband'' part of her vows, she coughed, sputtered and rolled her eyes as if the word husband were a hot chili pepper in her mouth. Named one of 50 Most Powerful Black Executives in Corporation America, Fortune magazine, Top 50 African Americans on Wall St., Black Enterprise magazine, 50 Women Who are Shaping the World, Essence magazine, 15 Corporation Women at the Top, Ebony magazine, 25 Most Outstanding Women in Business, Network Journal, 2005, 25 Most Powerful Women in Finance, United States Banker, 2009, 2010. Harvards Black Mens Forum named her Woman of the Year in 2004. global head of private banking. But theres something different about going through volatility at a start-up that is not yet profitable.. The more that you learn to seek God and to trust Him in the little and everyday things of life, the more that You will learn to trust Him in the big things that you will come to ask for in your tomorrows. 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