Hear from Kevin Chavers of Blackrock and Val Kay of Lending Club, the SFA Executive Committee Sponsors of SFA’s DEI initiative
We (Kevin and Val) enthusiastically welcomed the chance to work together and launch the SFA DEI Initiative . We are both passionate advocates for promoting diversity and belonging in our industry and feel a duty to act, to not only enhance the experience of underrepresented minorities in our industry, but also, to strengthen our organizations. Moreover, we are excited and honored to work together on this vital issue and leverage our long, close and respectful friendship. We are also thrilled that SFA will serve as the fulcrum for our the industry to come together to make meaningful changes, establish aspirational goals and metrics to measure and engage a vibrant, energetic and welcoming community of diverse professionals. So come join us with this important initiative. Add your leadership help effect meaningful change. We NEED YOU!
Get involved SFA’s DEI Initiative. Sign up here.
All our best,
SFA Executive Committee
Chief Capital Officer
SFA Executive Committee
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Join the SFA DEI Steering Committee
The Steering Committee will work closely with SFA leadership and will serve an active role in shaping the goals, objectives, and priorities of SFA’s DEI initiative. Key focus areas will include aggregating best practices, conceptualizing engagement opportunities, and ultimately designing our industry’s “network of networks.”
Email [email protected] to learn more.
Join SFA’s DEI Membership
SFA’s DEI membership is open to all industry participants, regardless of SFA membership status, and is complimentary to join. By signing up, you will be notified of the latest news, developments, and networking opportunities in conjunction with the initiative.
Email [email protected] to learn more.
- Foster a deep appreciation among participants in the structured finance industry around the value of tangible, visible, and demonstrable diversity at our firms – at all levels, and particularly at the senior levels – and promote understanding of how such diversity increases the industry’s ability to serve the real economy.
- Enhance access and long-term success in the structured finance industry for people of color, women, and LGBTQ+.
- Establish and hold ourselves as an organization accountable for real change, including instituting key performance metrics and sharing these results broadly.
- Create a community where industry participants share best practices, ideas, and challenges so that we can all learn from one another and make progress together.
- Conduct regular research analyzing our industry’s impact on communities of color, and work to ensure that progress is made to close the inequality gap in credit access to these communities across the country.
CNN’s W. Kamau Bell and SFA CEO Michael Bright discuss the importance of actively pursuing diversity in the workplace.
Mehrsa Baradaran, UC Irvine Law professor and author of the above titled book, explores how a segregated economy limits access to capital in communities of color and perpetuates a cycle of poverty.
Marco A. Davis, President & CEO of the Congressional Hispanic Caucus Institute (CHCI), and SFA CEO Michael Bright discuss the impact on the Hispanic community of COVID-19, institutional bias, and the ongoing protests, as well as how our industry can help Latin youth gain access to jobs in finance.
Since 1980, SEO Career has provided training and resources to over 7,000 underrepresented students nationwide, allowing them to secure positions of leadership across Wall Street and Corporate America. This video highlights the successes achieved by their alumni, as well as the progress being made toward creating a more equitable society and diverse
SFA is asking DEI leaders to complete a brief survey on their company’s current DEI policies and practices to give us valuable input as we shape our industrywide DEI initiative. The survey is available through February 28, 2021. If you are unable to access the survey, please email [email protected]
A recent article by Bloomberg profiles the 10 black bankers that are reshaping wall street. Wall Street prizes innovators — people who think differently and change how business is done. We’ve identified 10 Black bankers, endorsed by their peers for being leaders who stand out in an industry that’s working to transform itself from one dominated by White men.
If there's no change in current promotion, attrition and external hiring rates, it may take about 95 years for Black private sector employees in the U.S. to reach parity in management positions — 12% representation overall, according to McKinsey & Company.
Just before the 2020 recession, Black female professionals were advancing in the workplace. But according to the U.S. Bureau of Labor Statistics, in January 2021, Black female professionals' unemployment rate continued to increase, reaching 9.0% from 7.7% in December 2020. Compare this percentage to white female professionals' unemployment rate, which held steady from December 2020 at 5.3%.
Last month, when Michael J. Brewer became one of 10 communications directors of color out of roughly 100 in the U.S. Senate, he took it as a small sign of progress.
Professor Chris Brummer Calls for More Black Financial Regulators in SEC Black History Month Keynote
For Georgetown Law Professor Chris Brummer, the nation’s glaring lack of Black financial regulators is tied directly to the long history of economic injustice. In his keynote address at the Security and Exchange Commission’s Black History Month Celebration, Brummer challenged the agency to increase its Black representation
Black and Latina women continue to disproportionately struggle with the effects of the pandemic on the job market, according to a Feb. 10 study by WerkLabs, the data and insights division of The Mom Project. One-third of Black mothers and one-fourth of Latina mothers said they were unable to work remotely during the pandemic, compared to only one-tenth of both White and Asian mothers.
When Dee C. Marshall worked on Wall Street, she was often the only Black woman in the room. These days, she is striving towards making corporate America more diverse. After the killing of George Floyd by a Minneapolis police officer last May, she’s seen a definite shift in attitude.
SFA, the leading trade group for the securitization industry, today released the following statement on a proposed rule from Nasdaq requiring public companies to adopt new diversity standards for their boards of directors.
When asked to describe how they feel about meetings, many professionals will use the same language: “boring,” “inefficient,” and “unproductive.” While these descriptors may ring true for some, they do not ring true for all. For some, meetings aren’t boring—they’re stressful. They aren’t inefficient—they’re isolating. They aren’t unproductive—they’re confusing.
SFA’s DEI initiative is a collaborative effort between SFA’s Board of Directors, membership, executive leadership, and the broader industry. Associated programming is funded through annual SFA membership dues, and the DEI Steering Committee works with SFA to create and curate educational content and networking opportunities.
If you are interested in getting involved, please email [email protected].