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

Contents:

• GAY ON WALL STREET
• BEG GAY INVTMENT BANKG - LONDON
• 56-YEAR-OLD GAY, MALE, RETIRED VTMENT BANKER; DISTRICT OF COLUMBIA(D AND WRTEN STORY)
• BEG GAY/OUT BANKG?
• TREVOR BURGS, FIRST OPENLY GAY CEO OF PUBLIC BANK: ‘SUCCS IS THE BT REVENGE’
• GAY BANKERS, ONCE SILENT, SPEAK OF PROGRS — AND HURDL
• BEG GAY THE FANCE DTRY

GAY ON WALL STREET

If you're LGBTQ (lbian, gay, bi-sexual, trans or qutng), the bankg dtry isn't a bad place to work, but 's not necsarily that good eher. A self-nfsed math nerd, Chavez told Fancial News he ed mathematics as his survival strategy as a gay man the bankg world.

While there are plenty of openly gay men fance, there are far fewer openly gay women. As an ternatnal stunt g om a fairly nservative untry, I don't have direct experience of US workplac, but I unrstand that is unlikely that anyone will be explicly homophobic. For some background, I am not very stereotypilly gay or flamboyant, but I am out and proud, and have e too far to go back to the closet.

David Rae, print and founr of DMR Wealth Management, is a gay fancial advisor loted Los Angel who is a CFP and an accreded vtment fiduciary (AIF). Rae says, “I know I have many nversatns wh my gay clients that they would never have had wh a straight advisor. Acrdg to Rae, “If you have an amazg fancial advisor who is straight but gay-iendly, that is fabulo.

BEG GAY INVTMENT BANKG - LONDON

” And yet, he also advis, “If I was startg a search [for a] fancial advisor om scratch, I would ask my iends, or at least start the Google search wh ‘gay fancial advisor’ or ‘lbian fancial advisor. ” Another source is the Gay Lbian Directory, which offers a list of more than 5, 000 LGBTQ+-supportive bs. This is pecially relevant if you live a part of the untry that is more homophobic than average.

Rae warns, “The more homophobic the area you are livg , the more important is to seek out a gay-iendly or LGBTQ+ fancial advisor.

If you live a state that don’t want people to even say ‘gay, ’ well, your odds likely go up of someone not beg willg to help you once they fd out you are gay. ” He also pots out that homophobia n rear s ugly head anywhere, so be vigilant. “You are ls likely to have an issue wh homophobia Manhattan, Wt Hollywood, or the Castro, but n happen.

56-YEAR-OLD GAY, MALE, RETIRED VTMENT BANKER; DISTRICT OF COLUMBIA(D AND WRTEN STORY)

“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... Coverg is not pretendg to be straight, but rather actg ls “gay.

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. Judgg by the crop of crowg prs releas, gay-iendly is for big banks.

BEG GAY/OUT BANKG?

“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....

“The bank wasn’t ready” for an out HIV-posive gay employee, Peter Staley add.

TREVOR BURGS, FIRST OPENLY GAY CEO OF PUBLIC BANK: ‘SUCCS IS THE BT REVENGE’

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.

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

As Out Learship’s Sears pots out, “We n still be fired 29 stat for beg gay. “I went once on a tour, and didn’t tell anyone on the ground that I was gay, bee I’d heard not to.

“I entered vtment bankg 1998, and I had a homophobic boss. ” Nearly half a ln more young people will have e out as gay, lbian, bisexual, or transgenr by the end of 2017.

LGBTQ+-iendly vtg volv vtments that foc on pani wh lbian, gay, bisexual, transgenr, and queer-clive polici. LGBTQ+-iendly vtg foc on pani wh clive workplace polici and practic for lbian, gay, bisexual, transgenr, and queer-intifyg number of pani wh LGBTQ+ clive practic has creased sce Human Rights Campaign Foundatn's annual Corporate Equaly Inx, which tracks LGBTQ+ clivy, is a leadg source for measurg nondiscrimatory pany polici.

BEG GAY THE FANCE DTRY

The polici are specifilly relevant to lbian, gay, bisexual, transgenr, and queer (LGBTQ) employe.

That means Black, Indigeno, & people of lor (BIPOC), along wh gay/trans dividuals, end up at a disadvantage bee they face barriers when to receivg fundg bee most of this money is directed to Whe mal. Hey, this is probably a very different post om your ual "rank those BBs" but I would really appreciate gettg some sight to how life is a gay man London IBD given that I am ntemplatg g out at my firm.