Award highlights firm’s efforts to improve diversity in the asset management industry
Submitted by: OppenheimerFunds
Posted: Oct 10, 2018 – 02:45 PM EST
NEW YORK, Oct. 10 /CSRwire/ - OppenheimerFunds, a leading global asset manager, has been recognized by InvestmentNews as a 2018 Excellence in Diversity and Inclusion Awards winner. The firm was selected by a committee of InvestmentNews representatives and judges who recognized OppenheimerFunds and 11 other firms for their ability to inspire others from diverse backgrounds to join, flourish and bring their true selves to work in the financial services industry.
InvestmentNews’ first annual Excellence in Diversity and Inclusion recognition program aims to tell the stories of individuals and firms who have used their success, leadership skills, and willingness to implement and advocate for diversity and inclusion within the financial advisory industry.
“In our hyper-competitive industry, diverse thinking is critical to innovation, and this comes from having a diverse and inclusive work force. We can lead or fall behind, and at OppenheimerFunds we choose to lead,” said Art Steinmetz, chairman and CEO, OppenheimerFunds.
As part of the firm’s diversity and inclusion efforts, OppenheimerFunds provides employees with a range of opportunities to connect with the unique experiences of their colleagues by joining Business Resource Groups, which include the Asian Professionals Network, Black Professionals Network, Disabilities Network, Latino Professionals Network, LGBTQ+ Network, Military Network, and Women’s Network.
On October 9, Rocco Benedetto, Head of Broker/Dealer Channel at OppenheimerFunds, accepted the award on behalf of the firm during InvestmentNews’ Diversity & Inclusion Awards Celebration in New York.
“Advisors are looking for new ways to make their practices more inclusive and to serve their increasingly diverse clients,” said Benedetto. “This award highlights our firm’s commitment to helping them think through their goals in areas such as hiring, resources and training.”
OppenheimerFunds has received numerous awards for its benefits and workplace culture, including recognition on the Diversity Best Practices Inclusion Index and 2018 Disability Equality Index, and as a Diversity Champion in Investment News’ Diversity & Inclusion Awards. In addition, OppenheimerFunds has been named as one of the Best Places to Work for LGBTQ Equality by the Human Rights Campaign Foundation and a Best Place to Work in Money Management by Pensions & Investments. The firm was also highlighted in Fatherly’s 50 Best Places to Work for New Dads and by Working Mother magazine as one of the 2018 “100 Best Companies” for working mothers and as one of the Best Companies for Multicultural Women.
To learn more about the InvestmentNews 2018 Excellence in Diversity and Inclusion Awards methodology and winners visit: https://www.investmentnews.com/section/excellence-in-diversity-and-inclusion/2018
OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of September 30, 2018.
Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.
Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.
Before investing in any of the Oppenheimer funds, investors should carefully consider a fund’s investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.
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