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Nov 14, 2012 • Press Releases

DTCC Named a "Best Place to Work" by Human Rights Campaign

DTCC Named a "Best Place to Work" by Human Rights Campaign

New York, NY, November 14, 2012 - The Depository Trust & Clearing Corporation (DTCC) has announced that The Human Rights Campaign has named DTCC to its “Best Places to Work” list for 2013 for lesbian, gay, bisexual and transgender (LGBT) employees.

The Human Rights Campaign, the leading LGBT civil rights organization in the United States, made the announcement today after DTCC received a 100% rating on 40 specific policies and practices dealing with LGBT employees.

“We are very pleased that the Human Rights Campaign has named DTCC as a ‘Best Place to Work’ and believe this demonstrates our commitment to fostering a diverse and inclusive corporate environment,” said Michael Bodson, DTCC President and Chief Executive Officer. “We take great pride in our employees and will continue to maintain an organization that values and respects each and every DTCC employee.”

The Human Rights Campaign judges an organization on a variety of issues including inclusive and equal employment opportunities, equal employment benefits and the organization’s commitment to publicly supporting LGBT equality in the workplace.

In the last two years, DTCC has extended transgender benefits to all U.S. employees as well as reimbursing employees for federal taxes paid on same-sex partner health coverage. DTCC has offered healthcare coverage for employees’ domestic partners, including same-sex partners, since January 2001.

“At DTCC, we strive to attract and retain the best diverse talent and to harness the unique value of each employee to deliver results for our clients,” said Nadine Augusta, Director of Diversity and Inclusion for DTCC. “Our Lesbian, Gay, Bisexual, Transgender and Allies Employee Network is a strong partner in our efforts and challenges us to evolve and to innovate for our LGBT colleagues. This recognition highlights our commitment to doing just that.”

“We are happy to welcome DTCC to our ‘Best Places to Work’ list where they join other leading organizations that advocate for the full inclusion and equality of LGBT employees,” said Deena Fidas, Deputy Director, HRC Workplace Project. “These companies realize that they must strengthen and leverage a healthy workforce with diverse perspectives and talents if they aim to achieve their business goals.”

More than 880 firms were rated by HRC this year but only 252 received the 100% rating.

About DTCC

Through multiple operating facilities and data centers around the world, DTCC and its subsidiary companies automate, centralize, and standardize the processing of financial transactions for thousands of institutions worldwide. With 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry, simplifying the complexities of clearance, settlement, asset servicing, global data management and information services for equities, corporate and municipal bonds, government and mortgage-backed securities, derivatives, money market instruments, syndicated loans, mutual funds, alternative investment products, and insurance transactions. In 2011, DTCC’s subsidiaries processed securities transactions valued at approximately US$1.7 quadrillion. Its depository provides custody and asset servicing for securities issues from 122 countries and territories valued at US$39.5 trillion. DTCC’s global OTC derivatives trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide across multiple asset classes.

Edward C. Kelleher