New York, December 9, 2013 – The Human Rights Campaign (HRC) has named The Depository Trust & Clearing Corporation (DTCC) to its “Best Places to Work” list for 2014 for lesbian, gay, bisexual and transgender (LGBT) employees, making it the second straight year DTCC has been named to the list.
HRC, the leading LGBT civil rights organization in the United States, made the announcement today after DTCC received a 100% rating on 40 specific items relating to LGBT employees.
HRC awards its “Best Places” designation based on its annual Corporate Equality Index (CEI). The CEI is the national benchmarking tool on corporate policies and practices related to LGBT employees. More than 930 businesses were rated by the HRC this year but only 303 received the 100% rating.
“We’re honored that the Human Rights Campaign has once again named DTCC a ‘Best Place to Work’ and take great pride in being named to the HRC list,” said Michael Bodson, DTCC President and Chief Executive Officer. “DTCC is committed to maintaining a diverse and inclusive corporate environment. We know that this is sound business practice and is necessary as we move our business forward.”
Earlier this year, OPEN Finance, the largest network of LGBT leaders representing 34 Wall Street firms and more than 3,000 LGBT employees in the New York tri-state area, awarded its Leadership Award to DTCC for its support of same-sex marriage. DTCC was one of 14 financial services firms that signed the Bingham amicus brief in the case of United States v. Windsor – the case which led the U.S. Supreme Court to find sections of the Defense of Marriage Act (DOMA) unconstitutional. As a result, the federal government now recognizes same-sex marriage nationwide for tax purposes, employment benefits and many other issues.
“The HRC recognition, coming on the heels of the OPEN Finance Leadership Award, enhances our ability to attract and retain top talent. It further tells our employees and job seekers about the value that DTCC places on supporting a diverse and inclusive workplace,” said Nadine Augusta, DTCC Director of Diversity & Inclusion and Community Relations.
DTCC has operating facilities and data centers around the world and, through its subsidiaries, automates, centralizes, and standardizes the post-trade 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 2012, DTCC's subsidiaries processed securities transactions valued at approximately US$1.6 quadrillion. Its depository provides custody and asset servicing for securities issues from 131 countries and territories valued at US$37.2 trillion. DTCC's global trade repositories record more than US$500 trillion in gross notional value of transactions made worldwide.