firm Awards

These Diversity & Inclusion Awards focus on highlighting initiatives from companies that aim to boost the advice industry’s diversity and create a more inclusive environment for all.

Outstanding Practices have built businesses that foster diversity internally and recognize the importance of embracing a diverse clientele. Diversity Champions are companies that support advisory firms and have formal initiatives aimed at promoting diversity and inclusion.

Diversity Champion

Northern Trust Asset Management

Asset manager Employees:750 AUM:$946 billion

Northern Trust Asset Management's commitment to diversity and inclusion is reflected in its senior management ranks, and its use of a director of global diversity and inclusion to ensure progressiveness in programs, trainings and policies. The senior leadership team is gender and ethnically diverse, with women representing 38% of top executives and African-Americans 23% of the board.

Additionally, since the 1980s, the company has supported Business Resource Councils, including groups focused on Asian, Black, Latino and LGBTQ professionals.

"We believe that bringing together individuals with diverse experiences, perspective and qualities leads to better business outcomes, and creates great opportunities for all stakeholders," said Shundrawn Thomas, president of Northern Trust Asset Management.

Beyond its own walls, the company promotes diversity and inclusion in the broader marketplace. A minority-owned brokerage program aims to execute 10% of all equity security trading commissions with minority brokers for approximately 120 common and collective investment trusts. Furthermore, an emerging managers program, invests about $2.4 billion with over 25 emerging and minority-owned investment management firms through manager-of-managers programs.

The bank has a history of groundbreaking inclusion. Fifteen years before the federal government recognized same-sex marriage, Northern Trust became the second U.S. bank to offer benefits for both same-sex couples.

Contact Connie Lindsey, head of corporate social responsibility and global diversity & inclusion at, to learn more about its diversity and inclusion initiatives.

— Vanessa Drucker

Lifetime Achievement

Rising Stars

See it, Be it Role Models

Outstanding Practices

Diversity Champions


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