BrokerDealers That Do Dare To Be Different: Diversity & Inclusion

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dean chamberlain

BrokerDealer.com blog update takes a different tact in this post and sends a salute to 6-pack leader Citigroup, along with interest-aligned boutique firms Mischler Financial Group and Williams Capital for a focus on something other than its trading PnL. The topic? Diversity & Inclusion. Sounds corny, sounds like a social program that merely meets the ‘check the box’ approach by those who know they have to seem good to get paid. But then again, because this platform connects with broker-dealers across the US, as well as throughout the rest of the free world in which capitalism reigns, the team at BrokerDealer.com knows that the initiative highlighted here is nothing short of genuine.

Mischler Financial Group, the financial industry’s oldest minority firm owned and operated by Service-Disabled Veterans [and the securities industry’s only federally-certified SDVBE] along with Williams Capital, the industry’s leading African-American owned brokerdealer have taken great pride in playing a supporting role in the below Citigroup-produced video profiling the firm’s unqualified dedication to diversity and inclusion that Citi, one of the world’s largest banks and a Top 25 Fortune corporations maintains across their entire ecosystem.

A founder of Veterans On Wall Street (VOWS) along with Deutsche Bank and Goldman Sachs, as well as being “a lead book-runner” in multiple year-round initiatives to advance the support of many great causes, Citi is a true thought leader on the topic of D&I within the context of not only the financial services sector, but also within the framework of global corporation best practices.

citi progress makers april 10 citi video

The video below, which formally aired April 10 (also available on the Citi blog) is uniquely impactful thanks to the influential roles played by Citi leaders Kate Oddo, Director of Debt Capital Markets, Patrice Altongy Managing Director Fixed Income Capital Markets, Citigroup Global Markets Inc. and Karen Papazian, Director, Dealer Lending Operations, Toyota Financial Services. The presentation speaks volumes as to Citi’s D&I-driven relationship with Toyota Motors Inc. (NYSE:TM) wholly-owned subsidiary, Toyota Motor Credit Corporation (TMCC), one of the global capital markets’ most focused Issuers of securities, and indisputably, one of the corporate world’s most respected D&I practitioners.

The clip below, entitled “Wall Street Leaders Can Dare to be Different” profiles just one of many approaches on the part of Citi to further the importance of D&I initiatives, and represents a welcome and increasingly growing trend taking place across Wall Street.

Sharing the same philosophy that Citi is dedicated to, the leadership and team at Mischler Financial Group is unabashedly dedicated to the thesis that Diversity & Inclusion programs strike at the heart of corporate best practices. We believe that those who embrace the tenants of D&I are likely to be better for it in the eyes of their stakeholders , which necessarily include respective employees, the consumers and communities they serve, and the investors/shareholders who look to corporate leaders to always deliver better performance.

The 2015 Wall Street Letter Award For Best BrokerDealer(s) Goes To…

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wsl award 2015Financial Industry publication Wall Street Letter held it’s 5th Annual Award Ceremony on Feb 5 and feted the top dozen brokerdealers for best-in-class products and services, as well as recognizing an assortment of the financial industry’s leading technology firms and exchanges.

In connection with above, BrokerDealer.com blog is honored to profile the award for “Best Research-BrokerDealer” , which was determined by a panel of industry judges. The winner for this category was Mischler Financial Group, the financial industry’s first and foremost Finra member firm that is owned and operated by Service-Disabled Veterans.

Feb 5, 2015 New York- Mischler Financial Group, Inc., the securities industry’s oldest investment bank/institutional brokerage owned and operated by service-disabled veterans was recognized by industry peers last night and awarded “Best Research-BrokerDealer” during the 5th Annual Wall Street Letter Awards held at New York City’s Cipriani 42nd Street.

This is the second year in a row that Mischler has been feted for its excellence in research content by a panel of judges representing both buy-side investment managers and sell-side broker-dealers. Runners-up in the Best Research-BrokerDealer category included two other contenders: 125-year old super regional and full-service investment brokerage Stifel Nicolaus and financial service sector investment bank Sandler O’Neill + Partners.

The 5th Annual Wall Street Letter Award program encompassed 36 categories of excellence, including broker-dealer products and services, trading technology vendors and major exchanges. More than125 firms were nominated across the various categories, and Mischler Financial was the sole diversity firm recognized for being “best-in-class.”

Accepting the award on behalf of Mischler Financial Group was Ron Quigley, Managing Director of Fixed Income Syndicate and Primary Sales and author of “Quigley’s Corner,” the firm’s daily debt capital market commentary, which includes granular insight to corporate bond market issuance and rates trading. Quigley’s Corner is distributed to more than 1000 Fortune corporate treasurers, leading investment managers, public plan sponsors and senior executives across the sell-side’s fixed income syndicate universe. Mischler also provides bespoke global macro strategy observations, equity trading insight and consumer market sector analysis to its institutional client base.

Noted Dean Chamberlain, CEO of Mischler Financial, “It is both an honor and a privilege to be recognized by such an esteemed group of industry professionals and a further testament to our value-add capabilities, especially when compared to the most recognized and respected firms in the financial services industry.”