For Release: November 11, 2005
Contact: SIA Corporate Communications (202) 216-2000
Industry Firms Recognized With SIA Diversity Leadership Awards At Annual Meeting
Deutsche Bank receives Sustained Leadership Award, Lehman Receives Innovative Leadership Award
BOCA RATON, FL, November 11, 2005 – The Securities Industry Association (SIA) today awarded Lehman Brothers and Deutsche Bank with the fourth annual SIA Diversity Leadership Awards during the trade group’s 34th Annual Meeting. Nadja Fidelia, a Managing Director in the Investment Management Division at Lehman, accepted the award on behalf of the firm. Accepting the award for Deutsche Bank was Seth Waugh, Chief Executive Officer of Deutsche Bank Americas.
“The markets we serve are less homogenous than ever; the talent pool we need to tap is more diverse than ever,” said James Gorman, SIA Incoming Chairman. “In order to stay on top, we need to make sure our industry looks like the world around us, which means getting our fair share of clients and employees who are diverse in terms of race ethnicity, nationality, gender and sexual orientation. Today we honor Lehman and Deutsche for their efforts in striving to meet these goals.”
Deutsche Bank’s annual Women on Wall Streetâ (WOWSä) conference brings together senior women representing all the major international Wall Street firms and companies in related industries. First launched in 1995, the conference continues to be organized by the bank’s grassroots-led affinity group—The Global Partnership Network for Women (GPNW). The conference, which is free to all participants, provides a forum for networking, career development, and sharing business opportunities while promoting a community centered on professional Wall Street women. The focus and objective of the conference is to highlight the success and achievements of women in financial services and other industries as well as to share career strategies and insights with women at all levels.
Established in 2004, Lehman Brothers’ Partnership Solutions Group (PSG) serves as a centralized contact and relationship management team for women- and minority-owned firms that are Lehman Brothers Institutional clients. It is the job of the PSG to partner with these clients to leverage the firm’s resources and capabilities and identify opportunities for growth and excellence. Working together with the full range of Lehman Brothers’ many businesses, PSG identifies the core competencies and unique value propositions of minority-owned and women-owned firms. PSG creates opportunities with women- and minority-owned financial services businesses of all types, including broker-dealers, hedge funds, private equity firms, commercial banks, real estate firms, as well as asset management firms.
SIA’s Diversity Committee selected the winners after a review of diversity programs at SIA member-firms. The awards are part of a series of initiatives that the association has undertaken to help member-firms enhance their efforts to provide products and services to a diverse marketplace and promote inclusion in the workforce. Other SIA efforts include: The Diversity Practices and Resources Guide, a website on diversity, participation in career fairs, industry diversity education, teleconferences to share diversity “best practices” initiatives, and a survey of diversity demographics, strategies and programs in SIA member-firms.
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The Securities Industry Association brings together the shared interests of approximately 600 securities firms to accomplish common goals. SIA’s primary mission is to build and maintain public trust and confidence in the securities markets. SIA members (including investment banks, broker-dealers, and mutual fund companies) are active in all U.S. and foreign markets and in all phases of corporate and public finance. According to the Bureau of Labor Statistics, the U.S. securities industry employs nearly 800,000 individuals, and its personnel manage the accounts of nearly 93-million investors directly and indirectly through corporate, thrift, and pension plans. In 2004, the industry generated $236.7 billion in domestic revenue and an estimated $340 billion in global revenues. (More information about SIA is available at: www.sia.com.)
