Executives in finance, law and insurance collaborate to discuss the
business "return on equality"
NEW YORK--(BUSINESS WIRE)--
Out Leadership, a pioneering model for cross-industry senior
leadership collaboration to develop forward thinking initiatives to
leverage lesbian, gay, bisexual and transgender (LGBT) opportunities, was
officially launchedtoday. Building off of the enormous success
of Out on the Street, Out Leadership will serve as a global
organization that enables top executives and senior leaders in financial
services, law and insurance to come together and engage in initiatives
that impact business results, develop talent and drive LGBT equality
forward. These programs will operate within three industry-specific
verticals: Out on the Street, Out in Law, and Out in
Insurance. Out Leadership was founded by Todd Sears, former
investment banker and diversity leader.
“It has become clear that the paradigm of what once constituted an HR
issue, including LGBT diversity, has transcended both internal policies
as well as civil liberties, to truly become a driver of success for
modern businesses,” said Mr. Sears. “We have seen the powerful effect
that LGBT inclusion can have on businesses through our work with Out
on the Street, and we are excited to expand our learnings and senior
leadership engagement to the legal profession and the insurance
industry. The collective impact of thousands of the most influential
business leaders around the world engaging around LGBT opportunities,
including more than 35 CEOs around the world thus far, shows that our
model of “Return on Equality” is resonating.”
“Out Leadership will help members succeed while making a positive
impact. It will help smart businesses share effective tools to recruit
and retain the best talent and enhance true meritocracy throughout our
firms and society,” said Ken Mehlman, Member and Global Head of Public
Affairs at KKR, who has been a member of the Out on the Street
Leadership Committee since 2011.
Out in Law and Out in Insurance are two new industry
verticals that will be launched later this year, following the global
success Out on the Street has achieved. Both verticals
will embody similar goals of initiating open business-focused dialog
among the most senior leaders in the industry and creating shared
learnings in the legal and insurance sectors. These three verticals will
each develop cutting-edge summits and initiatives for their respective
industries as well as offer unique opportunities for cross-industry
collaboration through Out Leadership.
"Paul, Weiss, through its representation of Edie Windsor, among many
other things, has a historic commitment to diversity in the legal
profession, including for the LGBT community. It was therefore an easy
decision for Paul, Weiss to join Out in Law almost immediately
after it was formed. We need organizations like Out in the Law to
continue and deepen the amazing progress toward justice and equality our
community and this nation made in 2013," said Roberta Kaplan, Partner at
Paul, Weiss and Out in Law board member.
Out Leadership also recently launched the cross-vertical OutNEXT
Emerging Leaders program, which will create opportunities for the next
generation of LGBT leaders in New York, London and Hong Kong to connect
to each other globally, acquire senior sponsorship in their industries,
hone business skills, and increase their career success.
As a key element of OutNEXT, Out Leadership has partnered
with McKinsey & Company to deliver McKinsey’s award-winning “Centered
Leadership” curriculum to emerging leaders around the world.
In addition to its extensive global media partnership with FTI
Consulting, Out Leadership is proud to announce two added global
partnerships for 2014: the Global Equality Fund and Data Morphosis. The
Global Equality Fund, a public-private fund launched by the U.S.
Department of State to support efforts to advance and protect the rights
of LGBT people globally, will be the 2014 nonprofit partner organization
for all of Out Leadership’s initiatives around the world. Data
Morphosis, a global next generation workforce analytics software company
with modules that include Gender Gap™, will also support Out
Leadership in its initiatives as its global technology partner. Out
Leadership has also partnered with Visify, a global digital strategy
firm which will support the initiative's web presence.
Many of Out Leadership’s signature programs are already underway. Out
in Law will host its inaugural summit in March in New York, at New
York University School of Law and the4th annual Out
on the Street U.S. Leadership Summit will be hosted by Michael
Corbat, CEO of Citi on May 1, 2014 at Citi’s office in Lower Manhattan. Out
Leadership will be announcing a new advisory board, which will
include CEOs and business leaders across the three verticals, along with
new industry verticals over the next twelve to eighteen months.
About Out Leadership
Launched in 2014, Out Leadership is a pioneering model for
cross-industry senior leadership collaboration to develop forward
thinking initiatives to leverage lesbian, gay, bisexual and transgender
(LGBT) opportunities that seek to impact business results, develop LGBT
talent, and drive equality forward. Currently, Out Leadership
operates initiatives for the banking, legal and insurance professions
through three industry-specific verticals: Out on the Street, Out in
Law and Out in Insurance, respectively. Out on the Street hosts
annual leadership summits in New York, London and Hong Kong, while the Out
in Law and Out in Insurance events are based in New York.
Spanning across these three verticals is OutNEXT, the first
global emerging leadership LGBT organization, which aims to create
opportunities for the next generation of LGBT leaders in New York,
London and Hong Kong.
Out on the Street’s 2014 member firms include Bank of America
Merrill Lynch, Barclays, Bloomberg, Citi, Credit Suisse, Deutsche Bank,
Ernst & Young, Goldman Sachs, HSBC, KKR, KPMG, Moody’s, Morgan Stanley,
Nomura, Prudential Investment Management, RBC Wealth Management, RBS,
UBS, Vestar Capital Partners and Wells Fargo.
Out in Law’s 2014 member firms include BakerHostetler, Cahill,
Cleary Gottlieb, Covington & Burling, Gibson Dunn, Jenner & Block,
Kramer Levin, Latham & Watkins, McDermott Will & Emery, Morgan Lewis,
Paul Weiss, Ropes & Gray, Simpson Thacher, Skadden, Sullivan & Cromwell,
Weil and WilmerHale.
Out in Insurance’s 2014 member firms currently include Marsh.
Additional member firms will be announced in the fall of 2014.
For more information, please visit www.outleadership.org.
Shauna Wreschner, 212-850-5613
Source: Out Leadership