(Bloomberg) -- Sallie Krawcheck, the former senior executive at Bank of America Corp. and Citigroup Inc., agreed to buy 85 Broads, the global network with 30,000 members that promotes women as business leaders.

Krawcheck is buying the firm from founder Janet Hanson, a former executive of Goldman Sachs Group Inc., according to a statement on the 85 Broads website. Hanson will keep a stake and become chairman emeritus, according to the statement, which didn’t disclose terms.

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