BNY Mellon Joins LGBT Great Organisation

December 20, 2021

LGBT Great today announced BNY Mellon has joined as a corporate member, and plans to engage with industry peers, leverage the iiBT framework and strengthen its approach to LGBT+ diversity, equity and inclusion (“DEI”). The collaboration will support BNY Mellon’s mission to cultivate industry-leading professional growth opportunities for its employees and to empower LGBT+ talent and supportive allies across the financial services industry.

Financial services organisations are expanding focus to include areas of diversity beyond gender. PRISM, BNY Mellon’s LGBT+ employee resource group, has been successful in attracting support and engagement from thousands of its employees. PRISM has delivered allyship workshops promoting LGBT+ inclusion and implemented transgender and non-binary practices which have included a global suite of resources for line managers and employees in the United States, Asia-Pacific, UK, Europe, the Middle East and Africa.

All BNY Mellon employees have DEI goals embedded into their performance management plans which include fostering an inclusive culture through leadership, competency-building, education, and active participation in business forums and events. The firm has also set representation goals to accelerate progress and measurable change, with particular emphasis on diversifying senior leadership and the leadership pipeline. LGBT Great’s iiBT benchmarking tool measures across ten different DEI indicators and is used to identify organisational strengths and opportunities for improvement.

In its bid to increase awareness of LGBT+ identities, BNY Mellon will leverage the iiBT, LGBT Great’s research, thought leadership and role modelling programmes to shine a light on LGBT+ role models and executive leaders across the global organisation, including investment management firms.

Matt Cameron, the Global Managing Director of LGBT Great, comments:

"What makes BNY Mellon stand out with regards to the LGBT+ equality, is the visible support which exists from employees at all levels of the organisation. I have seen the c-suite and executive leaders speak openly about the need for an LGBT+ inclusive workforce regularly and this is creating a culture of openness for emergent talent. We look forward to engaging with the BNY Mellon team to support the firm in achieving its DE&I strategy”.

Jonathon Stubbs, the Head of International Human Resources, comments:

"At BNY Mellon, we work hard to create a culture of belonging and inclusion, and in so doing, all employees feel able to succeed and to prosper. Our collaboration with LGBT Great is one that I am personally very proud of; as an out gay person and having recently been recognised in LGBT Great's 2021 Global Top 10 Executive Allies the power of their inclusion reminds me of the importance to stand up and to represent our LGBT+ colleagues, clients and the communities in which we serve every day.”

For more information on BNY Mellon’s DEI strategy click here.

About LGBT

Great LGBT Great is a membership organisation that specialises in developing diversity and inclusion within the global financial services industry. Our vision is for the industry to become the most trusted sector of choice for LGBT+ talent, clients and investors with every firm advocating visibly. We believe in a data-driven approach to DE&I. Our iiBT metrics are designed to provide an industry-specific framework to measure, role model and shine a light on success. Project 1000 is our five-year drive to recruit one-thousand LGBT+ and ally role models within the industry.

LGBT Great works collaboratively by supporting members and partners to better understand intersectional diversity and inclusion issues through our innovative insights, visibility, and outreach programmes.

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com.