How Corporate Treasurers Are Taking the Lead in Partnering with Diversity Firms
NeuGroup’s November 2022 D&I Financing and Asset Management Survey
Treasurers charged with funding and investing to support corporate growth are actively seeking greater engagement with minority-owned banks, brokers and investment managers. That’s according to NeuGroup’s November 2022 D&I Financing and Asset Management Survey. Here are the three main takeaways:
A Treasury Blueprint. Treasuries plan to expand their engagement with minority-owned firms. Our data shows a significant cant projected increase in activity in the next 12-24 months.
Establishing Guidelines. While 88% of treasury organizations do not have a formal policy to govern how much business they direct to minority-owned firms, most have informal guidelines, and 100% are actively seeking greater engagement.
Expanding Opportunities. Treasuries apply the same metrics to evaluate the performance of diverse-owned firms as they do to the rest of their external cash and pension asset managers. While they actively seek to increase opportunities for diversity firms, their selection criteria reflect good business sense.
