Diversity Champion Finalist
Asset manager Year founded:1999 Employees:2,400
Guggenheim Investments has implemented several programs to foster inclusion and widen its aperture for seeking quality candidates for employment and sourcing.
The firm’s Veterans Transition Assistance Program, a paid 10-week summer internship, assists transitioning veterans with work experience, industry knowledge and professional development. Veterans contribute unique skills and experiences.
“Somebody may have managed millions of dollars in military assets, like tanks or weapons, and led others into battle. That represents huge responsibility and leadership accountability at a young age. Now we want to give them business skills as well,” said Charles Spearman, head of Guggenheim’s Office of Diversity and Inclusion.
On another front, the firm’s vendor diversity initiative actively seeks channels to broaden sourcing and vendor selection among businesses owned by minority women, veterans and LGBTQ individuals. Closed networks may be limiting opportunities for diverse businesses to participate in procurement and strategic sourcing.
“It’s not a quota,” Mr. Spearman said, “but a proactive look at suppliers who provide the same services, and a chance for them to bid or be considered.”
Contact Kate Kleyman, vice president, at firstname.lastname@example.org to learn more about the firm’s diversity and inclusion initiatives.
— Vanessa Drucker