Another member of the club is the much younger Sandler o 'neill, founded in 1988, which focuses on advising and raising capital for other financial firms.

To make their jobs easier, Managed Account Group staffers wanted to create a template document that would use macros to access back-end investment banking data on-demand.

She also called for the creation of a European credit rating agency to rival large, private companies that rate the credit of companies and countries for investors.