Boston, MA – April 22, 2021 – Nicsa’s Diversity Project North America has partnered with LGBT Great on the release of Holding Up the Mirror: Diversity Data in the Investment, Wealth Management and Savings Industry, a survey of investment, wealth management and savings industry organizations on the collection and usage of DEI data (supported by EY).
As part of its mission to accelerate DEI in the asset management industry, Nicsa’s Diversity Project North America partnered with LGBT Great to deliver a comprehensive report of the survey findings to the global asset management industry. The report seeks to evaluate the current state of diversity data collection, provide insights from global HR on current challenges and recommendations, and share industry-specific good practice case studies on progress initiatives.
The research report was launched globally on April 22 and was supported by EY, with contributions by Diversity Project UK and Diversity Project North America.
Justine Phoenix, Head of Diversity Project North America stated, “The Diversity Project North America has developed a strong and beneficial relationship with LGBT Great and we are proud to partner with them on this initiative. The research acts to illuminate the challenges – and hopefully to offer some solutions around – the collection and usage of DEI data in the industry. This is a fast-moving and evolving element of industry DEI progress and we feel the timing and findings of this report are critical to success.”
Commenting on the report, Matt Cameron, Global Managing Director, LGBT Great said: “The investment, wealth management and savings industry has made limited progress with regards to the collection of diversity data and efforts have been largely disparate. The stakes are high and not just limited to talent, but organizations are also at risk of losing business reputation and underperforming commercially with inadequate diversity data. This bold new report not only aims to exposure the shortcomings and suggest new ideas, it also seeks to lay the foundations for future works to come”.
Survey results were shared via virtual programming offered to Diversity Project North America members. The report is available via LGBT Great’s research page, as well as nicsa.org.
Additional information about the survey can be found in the release distributed by Diversity Project UK.
About Diversity Project North America
The Diversity Project’s goal is to accelerate progress towards a diverse and inclusive culture in the asset management industry to deliver the best possible results for clients, reflect the society we serve, and ensure long-term business sustainability. Click here for more information on Nicsa’s Diversity Project North America initiative. Information about the UK chapter of the Diversity Project UK, which also contributed to the report referenced in this release, can be found here.
Nicsa is a not-for-profit trade association striving to connect all facets of the global asset management industry in order to develop, share, implement, and advance leading practices. For over fifty years, Nicsa has promoted an open and collaborative environment, where members’ and partners’ deep expertise and unique perspectives have come together to help strategically implement and support the industry’s most vital issues. Click here for more information about membership.
About LGBT Great
LGBT Great is a corporate membership organization that specializes in developing diversity and inclusion within the global financial services industry. Our vision is for our industry to become the most trusted sector of choice of LGBT+ talent, client and investors. LGBT Great works by supporting members to better understand LGBT+ specific and intersectional diversity and inclusion issues, like diversity data, through innovative insights, research and outreach programs. Click here to discover more.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.