Thomas: Nine of 15 Northern Trust AM leadership members are diverse
Shundrawn Thomas · Diversity, Equity & Inclusion 3: Shundrawn Thomas – Leading the Way (Capital Allocators, EP.153) · Aug 24, 2020 · at 41:24
Shundrawn Thomas discusses the diversity metrics of Northern Trust Asset Management's executive leadership team.
0:00 / 0:14exact quote · 14.5s
720p mp4 · rendered on demand · StarZero watermark
“Like, so if you look at our team today, we've got a leadership team with 15 people on it. Nine of the members of our team are either women or ethnically diverse. So, you know, we have six people who are ethnically diverse. We have six women. Some of that overlaps.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Shundrawn Thomas
Thomas: Business equity ownership is the single biggest driver to solve wealth inequality
“Let's be clear. The single biggest way that you change the differential of the wealth equation in this country or any developed nation is ownership, equity, ownership in scalable, saleable businesses.”
Thomas: Black business owners average one-seventh the equity of white peers
“African American business owners have on average about one seventh of the equity in their businesses of their white male counterparts.”
Thomas: Internship diversity programs fail without diverse representation at executive levels
“I just don't fundamentally believe it's enough for firms to say, we really want to change our diversity, so our starting point and our focus is going to be the establishment or expansion of our internship programs. Now, let me be clear. I'm big on internship p…”
Thomas: Emerging private market managers outperform on average despite fewer assets
“One of the counterintuitive things in private markets is I have invested a fair amount with emerging managers. Now, the irony is empirically, it says it makes sense. Like on average, even though they have a lot less in the way of assets, they outperform, but i…”
Thomas: Leaders must be color aware rather than colorblind
“I know that people of good intent and goodwill will say things like I'm colorblind. And I know what they mean by that, but the reality is we're not really colorblind. At our best, we actually, if we want to use the term color, we need to be color aware, becaus…”
Thomas: Leaders must intervene directly when hiring processes fail to yield diversity
“If you're in a culture, and despite the best efforts to expand opportunity, and despite changing the processes, you're not getting better outcomes. It ultimately then falls on the leader to make some decisions, to, from time to time, actually put the thumb on …”