Gay Bankers, Once Silent, Speak of Progrs — and Hurdl | Amerin Banker

Contents:

• A GOLDMAN SACHS PARTNER EXPLAS HIS STGGL AND RISE AS A GAY MAN THE 'LOUD, MASCULE' WALL STREET CULTURE
• WALL STREET CEOS OPEN UP ABOUT THEIR GAY SONS
• JASON GAY
• GAY ON WALL STREET
• GAY BANKERS? + OR - ON WALLSTREET
• BEG GAY INVTMENT BANKG - LONDON
• GAY BANKERS, ONCE SILENT, SPEAK OF PROGRS — AND HURDL

A GOLDMAN SACHS PARTNER EXPLAS HIS STGGL AND RISE AS A GAY MAN THE 'LOUD, MASCULE' WALL STREET CULTURE

Disverg his inty the early 90s, as the HIV/AIDS epimic ced a new wave of homophobia, and while attendg an all-boys boardg school, was isolatg and sry, Broadbery said.

"My siblgs were a great support the early years, and my mother eventually forced an hont nversatn wh me where she sisted I say the words 'I am gay' so that we uld move on and prerve our very close relatnship, " Broadbery said. "I thk the story of a lot of young gay people is that they tend to leave the area which they grew up and they try to start anew. "Beg gay on a Wall Street tradg floor was "dntg"Wall Street is stereotypilly thought of as an dtry filled wh men who flnt their masculy — wh a domeerg energy that overtak meetg rooms, watch that flex their e, and a gaggle of women on their yacht ck the Hamptons.

WALL STREET CEOS OPEN UP ABOUT THEIR GAY SONS

It's a trope that has been portrayed and perpetuated movi about the dtry, om "The Wolf of Wall Street" to "Marg Call" and "The Big Short" — and has not clud gay men.

"Broadbery remembers worryg that the tradg floor, a "loud, mascule environment, " was perhaps not the right f for a gay man. "I thk back when I was a junr person, I would check my behavr to see if I was beg too gay or too effemate. "Havg somebody senr the dtry, somebody senr the firm, take the time to nnect wh me and to tell me was OK to be gay on Wall Street at that early stage of my reer was hugely impactful.

JASON GAY

"For example, Broadbery add, Sgapore didn't allow gay pri celebratns or march at that time. "There was a time when I was my earlier reer where was OK to be gay as long as you weren't too gay. "What we're dog terms of rights for our transgenr employe terms of healthre, the typ of dividuals we're hirg, the trag that we do for our employe, has really shifted away om jt gay and lbian to a much broar spectm of the muny and the muny's needs.

In the "boy's club" of Wall Street, some top executiv' views on gay rights changed entirely when the issue beme personal. When he was CEO of Man Stanley (MS) and Cred Suisse First Boston (CS), John Mack was known for his progrsive views on lbian, gay, bisexual and transgenr equaly. "I had strong views of beg anti-gay, " Mack said this month at a nference hosted by Out on the Street, an anizatn that helps firms rec and reta LGBT talent.

And the views of the people at the top are often shaped by simply knowg someone who is gay. Grandfatherhood, " hedge fund billnaire Pl Sger said about his son Andrew when he first realized he was gay.

GAY ON WALL STREET

One night 1998, when he and Andrew were at dner, Andrew started askg Sger about his "views on homosexualy. " The qutns were asked such a way that Sger began to wonr whether his son uld be gay.

The next day, "[Andrew] was walkg the door, and right there, [I said], 'Are you gay?

Sports and Humor Columnist, The Wall Street JournalJason Gay is The Wall Street Journal’s sports lumnist and a humor lumnist for s Review sectn.

GAY BANKERS? + OR - ON WALLSTREET

“I uld totally feel , ” he says of the new manager’s hostily toward Ross, an openly gay man. The New York Stock Exchange bell pealed that June for Gay Pri Month, as had for several years prr and annually ever sce.

Big banks have entire squads voted to recg and supportg lbian, gay, bisexual, and transgenr talent, startg wh llege stunts. Ross marvels at how far and fast gay rights have progrsed his untry and dtry — as wh all of those terviewed, he ocsnally pulls back om nuanced discsn to remark, awtck, at the turn of events. ” Ross’s daily work life volv “verg, ” the practice of downplayg the known fact that one is gay (or a woman, or black, or disabled, or...

Millennials, born between 1980 and 1998, are “the gayt generatn, ” more than twice as likely as any other to clare themselv one of those tegori.

BEG GAY INVTMENT BANKG - LONDON

“It’s fascatg to look at, ” says Richard Soris, a proment gay executive at nsultant work Gerson Lehrman Group and a former Clton Whe Hoe adviser. Men, mostly whe, hew to a uniform of navy and gray sus, radiatg homogeney that’s eher tentnal or systemic — but not a fle.

“We were both on Wall Street, and Wall Street at that time, you know — the one mory group that was ee game for everybody was the homosexual muny.... In April a pearl-clutchg Fortune headle clared, “Goldman Sachs Wants to Know if You Are Gay. Early on, Goldman Sachs, JPMan, and bulge-bracket fellows put their meangful rourc and nservative reputatns behd gay rights and marriage equaly, powerg the movements over the le when succs was far om certa.

“I went once on a tour, and didn’t tell anyone on the ground that I was gay, bee I’d heard not to.

GAY BANKERS, ONCE SILENT, SPEAK OF PROGRS — AND HURDL

” Nearly half a ln more young people will have e out as gay, lbian, bisexual, or transgenr by the end of 2017.

On Saturday, June 28, 1969, New York Cy police attempted to raid the Stonewall Inn, a bar servg the gay muny.

The moment lated to a gay liberatn movement that sparked the now-famo gay pri celebratns across the Uned Stat and beyond. I showed so much knowledge about the HIV suatn that he said, “You mt obvly be gay yourself. Tracy: I knew a number of gay men the late ’80s and early ’90s who married a lbian or a woman who didn’t re about a sexual relatnship.