At Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

Every day, we provide unmatched convenience in the United States, serving approximately 66 million consumer and small business clients. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. The company serves clients through operations across the United States, its territories and more than 35 countries.

At Bank of America, we ask this question every day of all those we serve. It is at the core of how we live our values, deliver our purpose and achieve responsible growth. By asking this question, we continue to learn what matters most to our clients, our employees and our shareholders. It helps us start a conversation centered on our commitment to use our capabilities to help those we serve be successful. Because we recognize that we can only be successful when the individuals, companies, communities and employees we serve are able to reach their vision of success.

Our commitment to responsible growth is resolute.

Responsible growth has four pillars: We have to grow — no excuses. We have to grow by delivering more for our customers and clients. We have to grow by managing risk well. And, our growth must be sustainable. Sustainable means we have to share our success with our communities, we have to be a great place to work for our teammates, and we have to drive operational excellence. This creates the ability to reinvest the savings back into our team, our capabilities, our client experience, and our communities and shareholders.

We must grow and win in the market — no excuses

The first tenet of responsible growth is that we have to grow, no excuses. Each of our businesses continue to grow. Over the last four years, deposits have grown 4 percent and loans across all our business segments have grown 6 percent on average. Our growth in client deposits funds our loan growth across all of our businesses and enables us to continue to grow net interest income, even if further interest rate rises fail to materialize.

Our eight lines of business grew as a result of deepening client relationships and developing new relationships.

We must grow with our customer-focused strategy

We serve three groups of customers — people, companies, and institutional investors. In the U.S. we serve all three customer groups, and outside the U.S. we serve larger companies and institutional investors. This business model simplifies our operations and reduces our risk profile.

People: We believe we have the best consumer, small business and wealth-management franchise in the country. We serve more than one in three U.S. households and more than 9 million business-owner clients. We see continued growth in our digital and mobile channels, with 37 million digital banking users; nearly 27 million are active mobile banking customers.

Companies: Our Global Banking business works with virtually every company in the S&P 500. Global Banking delivers solid and recurring profitability. Recognizing the businesses we serve are the engines of the economy, we bring the broadest array of solutions, both domestic and international, to our clients to help companies grow, improve cash flow and invest for the future.

Institutions: Turning to the institutional investors we serve, our Global Markets business is one of the most capable platforms in the world. This business provides capital to companies necessary for growth and serves many of the world’s largest institutional investors who manage savings and investments through pension and retirement funds. Our presence and global reach in fixed income and equity products allow us to provide them access to investment opportunities.

As we look across our businesses and the clients they serve, we have a leading set of capabilities in every area where we operate. That is the power of this company; that is the strength of the model and the balance we are striking to ensure we are doing all we can for our customers and clients, while optimizing our balance sheet to perform efficiently with the post-crisis regulations.

We must grow within our Risk Framework

As a financial services company, risk is inherent in all of our business activities. Managing risk well is fundamental to our business, and we strive to be the very best at managing all types of risk, and to do so in a responsible manner that serves our clients, shareholders, and communities, and helps the economy grow.

Whether investing in a small business, making a credit decision, or preventing fraud, our work calls for sound judgment and a commitment to doing what’s right for our customers, shareholders, and communities. Our culture emphasizes that we are one team, and we have a shared responsibility to manage risk well, act responsibly, and escalate issues so they can be addressed proactively.

Our Risk Framework, together with our purpose, is the foundation of our culture and describes our approach to managing risk well so we can run our business and grow responsibly. The Risk Framework sets forth clear ownership and accountability for managing risk across the company to ensure that we maintain strong risk-management discipline.

We have invested to maintain the most capable risk-management practices, and we are committed to best-in-class risk-management capabilities.

We must grow in a sustainable manner

We must ensure responsible growth is sustainable. This requires progress across three dimensions: sharing our success with our communities; striving to be a great place to work for our employees; and driving operational excellence.

Sharing success with the communities we serve

There are many ways we share our success. Whether through our employee volunteers, our philanthropic giving or our capital deployment efforts, we continue to align our work to serve shareholder interests and address the priorities of our communities at the same time so our progress can be sustainable.

Being a great place to work

To be sustainable, we must remain a great place to work for our employees. We do this by providing employee development and opportunities for growth, by providing comprehensive health and wellness benefits, making regular adjustments to starting-level compensation at our company, and much more. For more details, review the letter from Chief Human Resources Officer Sheri Bronstein in our 2018 Annual Report.

Driving operational excellence

Our focus on operational excellence – continuous improvement in our internal and external processes to make it easier for our employees to work with each other and to serve clients and customers – is another way we ensure responsible growth is sustainable. By focusing on operational excellence, we can continue to invest in our capabilities and in our team, even as we maintain expense discipline.

To make financial lives better, we must:

Deliver together

We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe everything we do for clients, employees and the communities we serve is built on a solid foundation that delivers for shareholders.

Act responsibly

We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We strive for decisions that are clear, fair, and grounded in the principles of shared success, responsible citizenship, and community building.

Realize the power of our people

We want our employees to reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, culture, ethnicity and experience.

Trust the team

We believe that the best outcomes are achieved when people work together across the entire company. We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe when we work together, we best meet the full needs of our clients.

Delivering responsible growth through eight lines of businesses

Through our eight lines of businesses, we focus on helping individuals navigate every stage of their financial lives, working with companies—large and small—to drive the economy forward, and providing insights, ideas and award-winning research1 for institutional investors.

For people

Children playing with water hose

Retail

Retail serves U.S. consumers with a full range of financial products and services through award-winning digital banking capabilities and a retail banking network. Learn more at bankofamerica.com.

Preferred and Small Business

Preferred and Small Business provide access to Bank of America banking and Merrill investment solutions to U.S. banking and investment clients, as well as cash management, lending and investment solutions to entrepreneurs and small businesses. Learn more about our work with small businesses in Access to Capital or at bankofamerica.com/smallbusiness.

Merrill

With Merrill, you get straightforward investment advice and guidance. We have the tools, the people, and the know-how to help you create a personalized strategy to pursue your goals. Learn more at Merrill.com.

Bank of America Private Bank

We can help you and your family with sophisticated planning and solutions to manage substantial wealth – now, and for future generations. Learn more at privatebank.bankofamerica.com.

For companies

Man and woman wearing aprons smiling in store

Business Banking

Business Banking offers integrated financial guidance and solutions—including credit, treasury, trade, foreign exchange, equipment finance and merchant services—to small and mid-sized U.S. companies. Learn more at bofaml.com.

Global Commercial Banking

Global Commercial Banking provides treasury, lending, leasing, financial guidance, and debt and equity underwriting services to middle market companies across all industries. It brings these clients the full capabilities of the company paired with local service. Learn more at bofaml.com.

Man standing in front of windows

Global Corporate & Investment Banking

Global Corporate & Investment Banking serves large corporate clients around the world and across all industries — as well as municipalities and government agencies—with solutions for treasury services, lending, leasing, advisory, and debt and equity underwriting. Learn more at bofaml.com.

Institutional Investors

Global Markets

Global Markets provides services across the world’s debt, equity, commodity and foreign exchange markets. This includes liquidity, hedging strategies, invaluable insights, and one of the world's leading research platforms to institutional investor clients, including hedge funds, asset managers, pension funds and others. Learn more at bofaml.com.

1Institutional Investor magazine announced BofA Merrill Lynch Global Research as one of the top global research firms from 2011-2018 based on surveys held throughout the year. The magazine creates rankings of the top research analysts in a wide variety of specializations, drawn from the choices of portfolio managers and other investment professionals at more than 1,000 firms. BofA Merrill Lynch Global Research is research produced by BofA Securities, Inc. (“BofAS”) and/or one or more of its affiliates. BofAS is a registered broker-dealer, Member SIPC, and wholly owned subsidiary of Bank of America Corporation. For more information about this award, go to https://www.institutionalinvestor.com/research/8959/Overview. Rankings and recognition from Institutional Investor are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement.

Our culture

At Bank of America, our culture comes from how we run the company every day. At the heart of our responsible growth strategy is our commitment to "act responsibly," which includes our commitments to ethical behavior, acting with integrity and complying with laws, rules, regulations and policies that reinforce such behavior.

We recognize that cultivating a strong culture is an ongoing effort, fostered day after day in both formal and informal ways. Building a unified culture requires thoughtful, purposeful action. This work helped us bring together all of our employees - from different businesses, companies, and countries - to be aligned to our purpose of making financial lives better.

Leadership accountability

Establishing a culture built on integrity and ethical business conduct starts with it being a priority for our CEO and the management team, the Board of Directors, and other leaders. Our Board’s structure and composition enables it to oversee and hold senior management accountable for managing all types of risk, including those related to compliance and conduct. As part of their oversight responsibilities, annually, the Board, Enterprise Risk Committee and Audit Committee review or approve certain enterprise policies related to compliance and conduct. Our Global Environmental, Social and Governance Committee also regularly considers emerging issues, as well as concerns raised by advocates, regulators, and other stakeholders, to ensure that these concerns are integrated into our business decisions and are understood and managed at the highest levels of the company.

Driving and upholding ethical conduct

While there is no single culture metric, the company analyzes a variety of data sources to ensure we are living our values as a company. For example, we drive our culture and related expectations for conduct throughout the employee lifecycle – from hiring, to onboarding, to training and development, to decisions on compensation and promotions. Our decisions behind our performance management, compensation and recognition programs are rooted in our culture and in our conduct expectations for all employees. We also assess our culture through our employee engagement survey, sustaining an environment which values and supports employee perspectives. Review our approach to attracting and developing talent for more information about how we respond to our employees in the workplace. Get the full details about our resources for training and development in managing risk well.

An example of the tools and processes we have in place to guide our employees is our Code of Conduct. The Code, along with our Vendor Code of Conduct, Human Rights Statement and Modern Slavery Act Statement, is grounded in our values, and outlines our business practices and policies, as well as professional and personal conduct that all employees are expected to adopt and uphold. Complaints or possible violations of the Code of Conduct or other unethical activities, including financial improprieties, fraud, sexual harassment, discriminatory practices, retaliation and conflicts of interest, can be submitted anonymously, in complete confidence and without fear of retaliation to the Ethics & Compliance Hotline. Read about the process and impact of our Ethics & Compliance Hotline.

A culture of managing risk well

Managing risk well is foundational to our purpose and values – and to delivering responsible growth. It contributes to the strength and sustainability of our company for the future, and it supports the work we do today to serve our clients, community, shareholders and employees. This relies on the intellectual curiosity and sound judgment of every employee across the company. When each employee takes ownership of risk management, we can deliver on our purpose to make financial lives better through the power of every connection.

In addition, our Environmental and Social Risk Policy Framework articulates how we approach environmental and social risks across our business, as well as outlining the environmental and social issues most relevant to us.

JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years, here's where we stand today:

    We are a leading global financial services firm with assets of $2.6 trillion.

    We have a presence in over 100 markets.

    We have over 250,000 employees.

    We serve millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients.

    We are a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.

    Our stock is a component of the Dow Jones Industrial Average.

Certain principles are fundamental to our success. They focus on how we strengthen, safeguard and grow our company over time. Adhering to each of these principles is how we will become the best and most respected bank in the world. We cannot promise specific outcomes or risk-free results. From time to time, we may fall short in our efforts and if that happens, we will renew our commitment to these principles and re-double our efforts. What we can and will promise is to be truthful and give honest assessments of our businesses and prospects; act with integrity and honor; and do the right thing—not necessarily the easy or expedient thing. We will work with fierce resolve to make this a company of which our customers, employees, shareholders and communities can be proud.

    “The strength of our company has allowed us to always be there for our clients and communities - in good times and in bad times - and this strength enables us to continually invest in building our businesses for the future.”

    Jamie Dimon, Chairman & CEO, JPMorgan Chase & Co.

Exceptional Client Service

Throughout our 200-year history, JPMorgan Chase has always been there for our constituents around the world. In the toughest of times when strong banks are needed the most, we never waver in our support, and we never lose sight of our main mission: serving our clients.

Operational Excellence

As important as strategy is, we have to execute to win. Execution involves every employee and every contact we have with customers. The devil is in the details. We must act quickly on problems; drive results, not just activities; and ensure detailed follow-up so that we meet our commitments.

A Commitment to Integrity, Fairness and Responsibility

Maintaining the highest standards of integrity involves faithfully meeting our commitments to all our constituents — customers, employees, the Board, shareholders, regulators – and to ourselves.

A Great Team and Winning Culture

Teams succeed because they are disciplined, they work well together, they execute consistently and they have a passion to win.

MILESTONES

The firm is built on the foundation of more than 1,200 predecessor institutions that have come together through the years to form today's company. We trace our roots to 1799 in New York City, and our many well-known heritage firms include J.P. Morgan & Co., The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago, National Bank of Detroit, The Bear Stearns Companies Inc., Robert Fleming Holdings, Cazenove Group and the business acquired in the WaMu transaction. Each of these firms, in its time, was closely tied to innovations in finance and the growth of the U.S. and global economies.

The Manhattan Company’s 1799 charter

    Financing the Building of the Brooklyn Bridge

    The Brooklyn Trust Company, one of JPMorgan Chase’s predecessors, provided a majority of the nearly $15 million needed to finance the construction of the Brooklyn Bridge, the longest suspension bridge in the world. The historic bridge, opened in 1883, was the first to connect Manhattan and Brooklyn.

        Historic Relic from the Hamilton-Burr Duel

    JPMorgan Chase & Co. owns the brace of dueling pistols used in the infamous 1804 duel between Alexander Hamilton and Aaron Burr. Aaron Burr was the first director of The Bank of The Manhattan Company, the firm's earliest banking predecessor. The Bank of The Manhattan Company purchased the pistols in 1930.

    Honoring a Financial Leader

    Salmon P. Chase is the namesake for the Chase National Bank, which later merged to become JPMorgan Chase & Co. Founded in 1877 by John Thompson, Chase National Bank was named as an homage to Salmon P. Chase, who served as Secretary of Treasury for Abraham Lincoln. Chase’s image was also featured on the $10,000 bill.

    Connecting Two Oceans

    In 1904, J.P. Morgan & Co. was part of the largest real estate deal at that time, arranging the transfer of $40 million from the U.S. government to the French Panama Canal Co. to connect the Atlantic and Pacific Oceans by way of the Panama Canal.

Advancing Women in Finance

In 1924, Chase National Bank appointed Mary Andress Assistant Cashier. Chase was the first large New York City bank to hire a female officer in its main office. Andress also actively promoted banking as a viable career choice for women.

At Citi, we empower people who are out to change the world so together, we can create a better tomorrow.

culture and diversity

empowering women for life empowering women for life

In Singapore, more than 40% of women don’t have paying jobs, and most prioritize their family’s needs above their own. The Tsao Foundation ensures they have a more independent and financially secure future.

Coupled with a longer life expectancy than men, many women in Singapore run into financial problems in their silver years. The Tsao Foundation partnered with Citi to launch the Citi-Tsao Foundation Financial Education Program for Mature Women in 2008. This program teaches women how to manage their money and improve their financial security. To date, it has empowered more than 6,000 women in Singapore.

protecting history for the future protecting history for the future

The New York Public Library's Schomburg Center houses the history and culture of people of African descent. But it urgently needed renovations. Citi provided the financial support to protect irreplaceable archives, increase visitor numbers and help preserve the story of black culture for future generations.

In this age of screens in every pocket and always-on-demand entertainment, it can be easy to overlook the value and importance and sheer delight of a visit to the public library. Libraries not only teach us new things, they connect us to our communities, our neighbors and our world. Libraries promote critical thinking, historical empathy and tolerance, especially for students from rural or high-poverty areas. In a city like New York, these houses of knowledge can even offer people refuge from the harsh realities of their surroundings.

For all these reasons, it's essential that we keep our libraries up and running.

Unfortunately, repairing public libraries is expensive and local municipalities have to balance where every dollar is spent. NYC's libraries need $1 billion in capital repairs, the vast majority of which are critical infrastructure repairs, and city capital funding isn't meeting those needs.

Harlem's Schomburg Center for Research in Black Culture is a perfect example of these issues. A research arm of the The New York Public Library system, focusing on the African American, African diaspora and African experiences around the world, Schomburg serves as a cultural nerve center not only for the immediate community, but also for those from all around the world seeking to enrich their knowledge of black history.

"The Schomburg Center itself is the most significant institution in that history," said Khalil Gibran Muhammad, the center's director. "No other organization in this community has been as singularly focused on continuing to making history relevant for future generations."

It's a tragedy, then, that the building was literally falling apart, decades of neglect threatening to destroy invaluable pieces of art and history. The Schomburg collection allows African Americans from all over the nation to learn about a cultural history as told by those who lived through it. This is vital to the community, and a major reason why Citi stepped in to help preserve the Center. Citi ultimately provided $10 million in tax credit allocation as well as $3.2 million of equity that went towards the nearly $18 million renovation of the Schomburg Center.

With Citi's help, the Schomburg Center was able to replace its roof, overhaul its ventilation system, upgrade its technology and expand its research areas. In the four years since renovation, the Schomburg has seen a 300% growth in visitors, a number that is expected to grow by another 30%. It's now one of the world's leading research facilities devoted to the preservation of materials on the global African and African diaspora experiences. Most importantly, with Citi's help, the Center will continue to be seen as a source of pride in Harlem for generations to come.

"The Schomburg is a national treasure. And my hope with the small part that Citi played in this much larger revitalization is that it regains its place of regal-ness; that it regains its place of significance for not just Harlemites but for the entire country and the world," said Gina Nisbeth, director in the structured lending and investments group of Citi Community Capital, who grew up going to the Schomburg Center. "That for generations to come, people will be able to come to this institution and understand what I understood, what generations before me understood: the rich cultural legacy."

education

practical skills for empowering students practical skills for empowering students

Many high school students lack the skills and self-confidence needed to succeed. Girl Rising, a global education movement, helps inspire them – and with Citi’s support, has added financial empowerment to its U.S. curriculum. More students are now prepared to reach their full potential.

As part of their global campaign for young people’s education and empowerment, Girl Rising created a set of tools that help educators teach practical skills to their students. With Citi’s help, Girl Rising was able to add a new financial empowerment module to their curriculum. Students who participate in Girl Rising's program develop more confidence and are better prepared to benefit from the challenges and opportunities of adulthood. It offers them a new perspective on their education and a belief in their own power to create change in the world.

education

one girl with an education can help change the world one girl with an education can help change the world

Citi's partnership with Malala Fund includes direct support for education champions working on the ground around the world to help the more than 130 million girls who are not in school.

For millions of people around the world, Malala Yousafzai is truly an inspiration.

Malala became an international leader fighting for improved access to education as a result of her own experience. She was targeted by the Taliban and shot in 2012, but she did not back down or lose hope. Malala continued to fight and quickly became an international advocate leading a global campaign to help deliver education for girls.

Today, there are more than 130 million girls around the world who are not in school – a number equal to roughly 40% of the U.S. population. As a result, these girls may not have the opportunity to reach their full potential.

Changing this is the mission of Malala Fund, an organization dedicated to providing girls with 12 years of free, safe, quality education.

One of the many ways Malala Fund amplifies girls' voices is through its network of education champions. These education champions work by providing distinct and practical solutions, which are adapted to their community’s challenges.

Malala Fund champions encourage girls to speak for themselves, and work with them to identify the resources they need to maximize their learning and educational experience.

One of Citi's core goals for a better 2030 is investing in gender equality and educational programs. As a result, Citi is using its on-the-ground presence in countries where the organization's educational champions operate, to help Malala Fund address financial needs as it broadens its reach around the world.

"When girls go to school, we're going to maximize their talents."

"To have the expertise of our financial partner, Citi, guiding us is very important," says Farah Mohamed, CEO of Malala Fund. "The fact that Citi is in countries where girls are vulnerable ensures that we’re able to get funds to the people that we're working with and expand with great confidence. When girls go to school, we're going to maximize their talents."

Citi simplifies Malala Fund's donation processes while offering scalable global solutions, providing the organization with peace of mind knowing its funds are disbursed safely and securely.

Malala Fund believes that when you educate a girl, you do so much more – you improve her health, wealth and provide her with the freedom to take control of her own life and the opportunity to play a greater role in the future of her community.

education

investing in futures changes the future investing in futures changes the future

600 million young people worldwide are unemployed or not in school. JA (Junior Achievement) is helping the next generation realize their full potential by teaching financial education and instilling an entrepreneurial mindset. That’s why Citi and the Citi Foundation have worked with JA for over 30 years, including with the Pathways to Progress Initiative.

Youth who are involved in JA programs are three times more likely to become entrepreneurs, they’re more likely to create jobs for others and earn more themselves.

education

helping d.c. students keep the ball inside the lines helping d.c. students keep the ball inside the lines

Many kids in southeast D.C. have no place to go when school ends. Through our sponsorship of the Citi Open® Tournament in D.C., Citi helps the WTEF raise funds to provide a fun and safe environment where they can just be kids and excel to their fullest potential.

Over forty percent of children in southeast D.C. do not graduate. The Washington Tennis & Education Foundation helps kids after school with their academics and their tennis skills. WTEF is the sole beneficiary of the Citi Open® Tournament. This sponsorship and the growing support of retired teachers has ensured 100% of the students in WTEF graduate from high school.

housing

renovating housing, restoring hope renovating housing, restoring hope

In the aftermath of Hurricane Sandy, MDG and Citi came together to create a public–private partnership that helped rebuild Ocean Bay Apartments.

Safe, affordable housing is critical to building a path out of poverty. And yet, municipal budget constraints and deficits have created a nationwide affordable housing crisis in the United States.

Residents of the Ocean Bay Apartments in Far Rockaway, New York, endured poor living conditions before Hurricane Sandy hit. Afterward, a bad situation became even worse.

In the storm's aftermath, private housing developer MDG joined forces with Citi Community Capital to restore Ocean Bay Apartments and the greater Far Rockaway community.

"When I first came to Ocean Bay what I saw was despair. I knew something had to be done," said Michael Rooney from MDG Design and Construction. "We saw the size of the project, the amount of money it would take, how quickly it needed to close – there was only one bank we considered, and it was Citi."

MDG turned to Citi for an innovative financial approach and Citi delivered, creating a first-of-its-kind public-private financing structure. Citi's loan structure helped MDG save over $1 million in fees that they reinvested in the project.

By placing the boilers on the roof and building a new flood wall, MDG made Ocean Bay storm-resilient. They also added solar panels for environmental efficiency and economic savings over the long term. Two new community gardens allow residents to grow their own food and flowers.

MDG worked with local businesses, assisting contractors with payment terms that enabled them to handle multimillion-dollar contracts and provide jobs to local residents.

"Hurricane Sandy really woke people up to showing that we need to invest in this community."

All of this development kick-started additional investment in the Far Rockaway community, including plans for a retail center and new supermarkets.

Citi's innovative public-private financing structure is becoming a model for other affordable housing developments across the country, spurring renovation, job creation and positive environmental impact.

At Ocean Bay Apartments, residents now have a new confidence and a new sense of pride and ownership that is revitalizing the whole community.

We commit people, capital and ideas to help our clients, shareholders and the communities we serve to grow. At Goldman Sachs, we:

Advise

We advise companies on buying and selling businesses, raising capital and managing risks, which enables them to grow.

Finance

We help local, state and national governments finance their operations so they can invest in infrastructure, like schools, hospitals and roads.

Transact

We transact for our clients in all key financial markets, including equities, bonds, currencies and commodities, so that capital flows, jobs are created and economies can grow.

Support

We help markets remain efficient and liquid, so investors and companies can meet their needs, whether to invest, raise money or manage risk.

Manage

We preserve and grow assets for institutions, including mutual funds, pension funds and foundations, as well as individuals.

Invest

We invest our capital alongside our clients’ capital to help businesses grow.

Innovate

We develop ideas and analysis that drive new perspectives, new products and new paths to growth.

People and Culture

Our people are our greatest asset – we say it often and with good reason. It is only with the determination and dedication of our people that we can serve our clients, generate long-term value for our shareholders and contribute to the broader public.

At the crux of our efforts is a focus on cultivating and sustaining a diverse work environment and workforce, which is critical to meeting the unique needs of our diverse client base and the communities in which we operate.

At every step of our employees’ careers we invest in them, and ensure their interests remain focused on the long term and closely aligned with those of our clients and shareholders. Our goals are to maximize individual potential, increase commercial effectiveness, reinforce the firm’s culture, expand our people’s professional opportunities, and help them contribute positively to their greater communities.