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Thought Leaders

Thought Leaders

Thought Leaders: Yvette Vargas, Managing Director, Head of Talent Development & Diversity, UBS Wealth Management


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By Melissa J. Anderson

“My role at UBS is to put in a talent management framework that is totally integrated with – subsumed in – our diversity agenda. I’ve been working to reframe how people think about managing talent, to make sure the right people are in the right jobs at the right time in the context of the business they’re in,” explained Yvette Vargas, Managing Director and Head of Talent Development and Diversity at UBS Wealth Management.

“When I look at financial services, diversity has really been focused on evolving from affirmative action and creating awareness around sensitivity to now understanding the importance of diversity from a values perspective,” she explained. “The challenges is getting people to think about this from a business perspective.”

She added, “If we do this right – set the philosophy, processes, tools – managers can become the best talent managers they can be.”

Thought Leaders

Thought Leaders: Liz Bingham, Managing Partner, People and Talent, UK and Ireland, Ernst & Young


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By Melissa J. Anderson

“In order to attract and retain the best people, we have to make sure that we are looking at talent through a diversity and inclusion lens,” said Liz Bingham, Managing Partner of People and Talent for the UK and Ireland at Ernst & Young. “This is an area I am completely passionate about. As a school leaver (non graduate), a woman, and also an out lesbian, I tick quite a few gender diversity boxes.”

Bingham rose through the ranks at Ernst & Young as a member of the firm’s restructuring business, eventually becoming managing partner of the $150 million practice. Last year, she decided she was ready for a new challenge, and was appointed to the UK firm’s leadership team as Managing Partner for People and Talent. Now she is keenly focused on taking learning and development, diversity and inclusion, and employee engagement to the next level.

“I want to be sure talent in every shape and form is nurtured, to create a more meaningful experience for every individual who works for the firm for however long they stay with us,” she said.

Thought Leaders

Thought Leaders: Maria Castañón Moats, Chief Diversity Officer, PwC


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By Melissa J. Anderson

According to Maria Castañón Moats, Chief Diversity Officer at PwC, simply acknowledging diversity isn’t enough to unlock its benefits – companies must engage with diversity to really experience its value. “I’m getting out there and talking to different people in practice about why it’s important for us to engage with each other when it comes to diversity,” she said.

“Think about behaviors – like inclusion. We need to understand not only how we are similar, but we need to understand how we are different.”

“Taking an interest in that difference and leveraging that makes us better as a team,” she explained. “If we could all behave as advocates for one another, think of how powerful that would be.”

Thought Leaders

Thought Leaders: Pat David, Managing Director and Global Diversity Officer, JP Morgan Chase


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By Melissa J. Anderson

“I’m not interested in diversity as it’s commonly known,” said Pat David, Managing Director and Global Diversity Officer at JPMorgan Chase. “I’m interested in using my life experiences in the context of helping people get to where they want – particularly underrepresented groups.”

She continued, “The way I was raised, my mother said ‘you’ve got to give more than you get.’ And when I look at my career, I’ve had an insatiable appetite to help people. My job enables me to help people 24 hours a day, seven days a week.”

Thought Leaders

Arguments to Engage Leadership in Gender Diversity Work


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Contributed by Curt Rice

Everything we know about improving gender diversity points to one uniquely important success factor. Great programs notwithstanding, brilliant arguments in abundance, the pursuit of enhanced gender equality flourishes or flounders with the interest and investment of an organization’s top leadership.

It could be the CEO of your company, the president of your university, or the director of your institute. Whoever is at the top has to care and has to support action. If we can’t get our top leadership engaged, we probably won’t succeed.

But people who have made it to the top are creative. They might have different ideas about achieving diversity — ideas that sound good, but that probably won’t work. How would that happen? What could we do in that situation?

To get CEOs on board, they need to believe in the cause themselves; they need to believe that gender diversity matters. We must provide the best arguments we can so the people at the top will care.

Thought Leaders

Fixing the “Pyramid Problem:” A New Approach


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Contributed by Caroline Turner, author of Difference Works: Improving Retention, Productivity and Profitability through Inclusion

Women are still not proportionally represented at the upper levels of business. Women represent about half of entry-level employees and lower level management positions. But at each level up the corporate hierarchy, the percentage of women is lower.

According to Catalyst, in 2011 in the Fortune 500 women represented only 14.1% of executive officers, 7.5% of top earners and 3.2% of CEO’s. In law firms in 2010, Catalyst reports, women made up 45% of associates but only 19% of partners. These declining percentages form a pyramid: the “pyramid problem.”

This is more than a problem for women. It is a problem for business. The pyramid problem results in substantial, unnecessary costs for business and it prevents business from realizing the documented upsides of gender diversity. It’s time to shift the focus from how women need to change in order to succeed to how corporate culture can change in order to achieve gender diversity in leadership. That takes framing and talking about the issue differently.

How can women change agents climbing the corporate ladder talk about the pyramid problem and enroll men and leadership in wanting to fix it? I suggest three things:

  1. Present the business case for fixing the pyramid problem
  2. Bring attention to the strengths of both masculine and feminine approaches to work without stereotyping
  3. Find a few male allies who see and will speak up on the issue.

Diversity, Gender, Thought Leaders

Thought Leaders: Anne Izzillo on Boosting Global Corporate Diversity


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By Melissa J. Anderson (New York City)

Anne Izzillo, President of the Financial Women’s Association, believes sincerely in the power of networking – in fact, she said, that’s how she got involved in the group in the first place. “I lived and worked in London for 14 and a half years and I came back in 1999, basically without a network.”

“Everybody had gone to the four winds in the almost 15 years I was away,” she explained. “And somebody I know, a friend of a friend actually, suggested, because I was bemoaning the fact that I didn’t have a network anymore… that I join the FWA.”

Izzillo explained that networking externally is critical for building individual careers, but she believes it can also improve corporate diversity on a global scale.

Thought Leaders

Thought Leaders: Alison Maitland on the Future of Work


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By Melissa J. Anderson

According to Alison Maitland, co-Author of Future Work: How Businesses Can Adapt and Thrive in the New World of Work, it’s time for companies to adapt to employees’ needs – rather than the other way around. By doing so, she believes, companies can unlock untapped potential and productivity.

She explained, “We need corporate cultures to adapt to the two new realities of workforces and careers. First, that women are nearly half the workforce in most advanced economies. And yet many organizations are still built and designed by and for men of another era. That is no longer suitable for today’s workforce. “

“There is a connection between the way work is done and women’s lack of progress to the top.” Location should be removed from the equation when evaluating work, she continued. “Really, it’s results that should count rather than hours spent in the office.”

Future Work was released in the UK in October and in the US on 8th November, and discusses the urgency with which corporations need to address a changing workforce as the global marketplace becomes more complex. The book is co-written with Peter Thomson, a former HR director and a long-time expert on new ways of working.

She explained, “We both thought the way we work is crazy, and that there are much better ways to be doing it, and change is on the way.”

Maitland and Thomson interviewed over 60 executives and experts around the world and surveyed managers in their research for the book. “The majority of these managers expect there to be a revolution in working practices in the next decade. The book has a driving vision to explain how work can be done better and how people can be more productive, in a way that is good for people, good for companies, and good for the environment,” she said.

Thought Leaders

Thought Leaders: Nellie Borrero, Managing Director, Global Inclusion and Diversity, Accenture


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By Melissa J. Anderson

“Just this month is my 25th anniversary with Accenture,” began Nellie Borrero, Managing Director, Global Inclusion and Diversity, at the organization.

“When I came on board, I was very focused and aware of the possibility and opportunity to increase diversity,” she recalled. Borrero was the first person to start a full time diversity role, having begun in the New York office, and then expanding the diversity program to the US. “Now, today, we have a global focus,” she said.

“I’m happy about the progress I’ve seen in the culture in my organization,” she said.
“We’re incredibly diverse. My mission and objective has always been to create an environment where everyone can feel like they can succeed.”

She continued, “And now people – whether they’re in the US, or India, or Japan – are coming in, feeling a sense of belonging, and that they can succeed.”

Thought Leaders

Thought Leaders: Ana Duarte McCarthy, Managing Director and Chief Diversity Officer, Citi


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By Melissa J. Anderson

“It’s important to remember that everyone can be inspired by your message,” said Ana Duarte McCarthy, Managing Director and Chief Diversity Officer at Citi.

In fact, Duarte McCarthy has been spreading the diversity message at Citi since 1995, and one of her proudest achievements, she said, was being part of the work to bring employee resource networks to the company.

“We started working on this in the late ‘90s, developing best practices for positive workplace cultures and launched our first network in ’97, the African American Heritage network. Now we have 54 networks in U.S., the UK, the Republic of Ireland, and Canada, and we are set to recognize eight more this fall.”

“This is a legacy for Citi, and I feel really good about it. It builds our brand, it helps us attract employees, and it provides great leadership development.”