New York, March 1, 2019 – UBS, Bloomberg, and State Street Global Advisors today launched "Girls Take Wall Street," an initiative that brings together over 100 high school girls from KIPP NYC and Student Leadership Network's Young Women's Leadership Schools, to inspire the next generation of female leaders to consider careers in financial services. The day-long program is part of an effort by UBS, Bloomberg and State Street Global Advisors to join forces in their commitment to supporting and advancing women and girls in business and finance.
On Friday, March 1, the girls will start the day visiting the Bloomberg and UBS offices in New York, with activities including career panels and speed networking sessions, to learn about the variety of exciting roles that exist in the finance industry and what it takes to succeed. Mentors from the three firms will connect with the girls to share their career trajectories and answer questions about opportunities available in their fields. At the end of the day, and to commemorate the start of Women's History Month, the girls will visit the NYSE, ring The Closing Bell? and take a photo with the State Street Global Advisors’ Fearless Girl statue. They will then be treated to an exclusive musical performance organized by iHeartRadio.
“At Bloomberg, we’ve always been committed to ensuring equal opportunities for women,” said Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies. “We invest in women’s professional development in our offices around the world, and we highlight the progress other companies are making through the Bloomberg Gender-Equality Index. We also connect students with opportunities to learn from successful women in the finance industry. We're glad to be a part of "Girls Take Wall Street," and I'm looking forward to meeting with the group today."
"While the financial services industry is more diverse than ever before, there's quite a bit of progress still to be made in transforming it to more accurately reflect today's society," said Tom Naratil, President UBS Americas and Co-President UBS Global Wealth Management. "We're proud to play a part in educating and inspiring these young women as they consider pursuing careers in finance. Together with our partners, we're excited by this unique opportunity to connect with the next generation of female leaders and help close our industry's outdated gender gap."
"The opportunity to work on empowering high school girls to be the next generation of leaders in finance is one that rings true for State Street Global Advisors," said Lori Heinel, Deputy Global Chief Investment Officer for State Street Global Advisors. "As part of the day, we’re thrilled the students will have the opportunity to visit Fearless Girl at her new home at the NYSE, and get inspired about becoming fearless leaders themselves."
All three firms have worked to address opportunities for young women in finance in a number of ways. Bloomberg Startup, the company’s global education engagement program, supports young women by providing access to mentors, internships, and workshops that expose students to diverse and influential women around the world. With more than 3,500 employee mentors in 41 cities, Startup works with programs such as Girls Who Invest and Girls Go Tech that provide young women with opportunities to explore diverse career options.
State Street Global Advisors commissioned Fearless Girl, now located in front of the New York Stock Exchange, to raise awareness of their push to increase gender diversity on corporate boards. The statue celebrates the spirit of women who are taking charge today, and serves as inspiration for the next generation of female leaders. Fearless Girl ignited a global conversation about the power of women in leadership and inspired more than 300 companies around the world to add women to their boards.
UBS's focus on education is helping unlock the economic and social mobility that comes with the attainment of a bachelor's degree. Through employee volunteering and philanthropy, including the UBS NextGen Leaders initiative, the company has invested over $10 million to increase college and career success for lower-income students who are first in their families to go to college.
Notes to Editors
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS's strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with nearly US $2.51 trillion* under our care.
* This figure is presented as of December 31, 2018 and includes approximately $32.44 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
At KIPP we believe in the creation of inspired lives. As part of a national network of 200+ KIPP schools, KIPP NYC’s 13 schools promise every student the opportunity for a choice-filled life. When we began in one classroom in 1995 in the South Bronx, we promised our first kids and families we’d do whatever it took to teach the character and academic skills needed to succeed. Today, we make the same sacred promise to more than 7,000 students and alumni on their way to and through college. Keeping good on our promise year in and year out has helped KIPP alumni graduate college at a dramatically higher rate than their peers.
About Student Leadership Network's Young Women's Leadership Schools
The Young Women’s Leadership Schools (TYWLS) are public secondary schools for grades 9-12 that promote high-quality student learning opportunities in and out of the classroom. Our schools provide a single-sex educational choice for students from predominately low-income communities who are often the first generation in their families to attend college. Students are admitted based on their interest in and commitment to obtaining a single-sex college preparatory education. TYWLS are open to girls of all academic abilities.
Ty Trippet / Evelyn Erskine
State Street Global Advisors
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