SIFMA Awards Diversity Leadership Awards to Top Financial Institutions

Strategic Insights -

The Securities Industry and Financial Markets Association (SIFMA) has recognized the top performers in diversity leadership among the financial institutions, awarding the Diversity Leadership Awards to BNP Paribas, Robert W. Baird and Co., Goldman Sachs, Deutsche Bank, Bank of America, Citi, and Credit Suisse. The awards were given in three categories: Emerging Leadership, Sustained Leadership, and Innovative Leadership.

In a statement, Tim Ryan, President and CEO of SIFMA, emphasized the importance of diversity and inclusivity in the workplace, citing the need to maximize the opportunities of an increasingly diverse employment pool and customer base across the globe. The recipients have demonstrated a sustained commitment to diversity and inclusivity, making them stand out as leaders in the industry.

Key Takeaways:

  • BNP Paribas has built a robust diversity initiative with a budget, dedicated staff, Employee Resource Groups, and visibility, impacting its U.S. operations in just a few years.
  • Robert W. Baird and Co. has created the Women Associate Resource Group (ARG) to attract and retain women in all levels of the organization through professional development, networking, and mentoring opportunities.
  • Goldman Sachs has launched Americas Diversity Week (ADW) to emphasize diversity as core to the firm's culture, featuring seven days of diversity programming throughout every office in the Americas.
  • The Innovative Leadership Award was given to a team effort led by Deutsche Bank, Bank of America, Citi, Credit Suisse, and Goldman Sachs for their Veterans on Wall Street (VOWS) program, which raises awareness of the value of veterans in the workforce and provides support and employment for returning veterans and their families.
  • SIFMA recognizes the importance of diversity and inclusivity in the workplace, citing the need to maximize the opportunities of an increasingly diverse employment pool and customer base across the globe.

Awards Categories:

  • Emerging Leadership: Consideration is given to firms implementing diversity initiatives and efforts.
  • Sustained Leadership: Consideration is given to firms demonstrating continued commitment and advancement of diversity strategies and efforts.
  • Innovative Leadership: Consideration is given to firms that develop or employ exceptionally unique and creative approaches to their diversity efforts.

Statistics:

  • Over 1,200 veterans attended the VOWS Conference.
  • The conference included a career fair, breakout sessions, information sessions, and a fundraising gala event.
  • Goldman Sachs has launched multiple initiatives, including Americas Diversity Week, which stimulates dialogue and generates discussion about diversity and inclusivity.
  • BNP Paribas has implemented a full diversity initiative with a budget and dedicated staff in just a few years.

Sources:

  • SIFMA: "SIFMA Awards Diversity Leadership Awards to Top Financial Institutions"
  • SIFMA: "About SIFMA"
  • SIFMA: "Global Financial Markets Association (GFMA)"