Senior vice president of global women's strategies, Pax World Management
Kathleen McQuiggan, senior vice president of global women's strategies for Pax World Management, took a risk and changed her career path six years ago. Then things happened fast.
"After 20 years in institutional equity sales, I embraced my personal P/E ratio. Not price/earnings — but puke/excitement ratio," Ms. McQuiggan said.
Leaving Goldman Sachs, especially in 2009, was one of the hardest decisions she ever made, she said, but she saw an opportunity to make a bigger difference.
Combining her sales and financial background with her passion for helping women, Ms. McQuiggan became a consultant on investing in women.
Also in 2009, she started a chapter of 85 Broads — formerly a network of Goldman Sachs female employees and alumnae, now known as the Ellevate Network — and brought together a community of entrepreneurial-minded women from different industries.
A year later, she met Joe Keefe, the chief executive of Pax World Management, a mutual fund company, whom she calls "my guy who gets it." She started consulting on the firm's gender diversity initiatives.
In 2013, she met Sallie Krawcheck, a wealth management veteran and the new owner of Ellevate. She shared Mr. Keefe and Ms. McQuiggan's vision of capturing what women add to the bottom line of companies for investors.
"At that time, all my worlds collided," Ms. McQuiggan said, as the three formed a team to launch the Pax Ellevate Global Women's Index Fund and she joined Pax World as a full-time employee.
The index draws from approximately 400 companies from the MSCI World index and ranks them on the percentage of women in various leadership capacities and their endorsement of the UN Women's Empowerment Principles.
— Deborah Nason