NeuGroup’s survey conducted in collaboration with the National Association for Securities Professionals (NASP) and Sustainable Fitch reveals that 66% of companies are already awarding or planning to award business to banks and brokerages with Black, Hispanic, women or veteran owners.
Diverse-owned firms are raising their stature in the capital markets. The past four years have seen a surge in discussions among corporate treasurers and their teams attending NeuGroup meetings about expanding their inclusion of diverse-owned firms in capital markets transactions.
Many of the firms have made considerable progress in winning mandates, earning fees and taking on progressively more meaningful roles and responsibilities. The purpose, then, of the DEI in Capital Markets Survey is to share the experiences, insights and best practices of treasury departments that are actively engaging with diverse-owned firms and promoting their representation in bond offerings, share repurchases, commercial paper programs and more.
