Minority-owned banks score more roles in large Wall Street deals
Senior Vice President, Jamiyl Flemming, discusses the importance of big banks on Wall Street elevating the women and minority-owned banks as partners in deals.
Wall Street has long had a reputation for being a boys club with a diversity problem. But recently, the biggest banks have done something surprising: elevated women and minority-owned banks as partners in deals.
The bottom line: "When we demonstrate the ability to successfully execute large or complex financings, other issuers recognize that, and they are more willing to give us additional opportunities to serve in a leading capacity," Jamiyl Flemming, senior VP at Siebert Williams Shank, tells Axios.
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Kate Marino September 20, 2021 Axios