StoneX goes full ESG with “nation’s only disabled and woman-owned investment firm”
Many will applaud the company for its role in social change, for helping the movement toward equality in power within the industry. Others might point to the “nation’s only disabled and woman-owned investment firm” branding as uncalled for.
StoneX Group has announced the acquisition of a minority stake in Tigress Financial Partners. The investment firm takes pride in its unique branding: “the nation’s only disabled and woman-owned investment firm”.
Wall Street veteran Cynthia DiBartolo, Esq, founded Tigress Financial Partners in 2011 and grew the business into a successful SEC/FINRA registered full-service broker-dealer during the last 10 years.
The company provides services in capital markets underwriting, investment banking, equity research, global debt and equity securities sales and trading, and investor services including global wealth management and asset management.
“It’s a privilege to partner with such a proven leader in the Minority & Woman-Owned Brokerage space”, said Alexandra Selby, Managing Director and Head of Agency Debt Sales for StoneX Financial. “Tigress’ capabilities and unique relationships are complementary to our existing Equities and Fixed Income businesses, and we believe both legacy and new clients of Tigress will benefit from the enhanced product offering, cutting edge technology, and capital support that StoneX brings.”
“This transaction opens up a host of new doors for our legacy client base and allows Tigress to leap into new markets and products faster than we previously could have imagined. Of key importance to us, was that StoneX has demonstrated a strong corporate culture”, said Cynthia DiBartolo, CEO of Tigress Financial Partners. “They are committed to accelerating progress in both equality of opportunity and women’s empowerment, which are central to StoneX’s business growth and their social impact; as such they are the ideal partner to propel the Tigress business and mission.”
As we approach the International Women’s Day, the female gender becomes the focal point of most public discussions, even within the trading industry.
StoneX has most probably chosen this week to make the announcement for its viral effect. Many will applaud the company for its role in social change, for helping the movement toward equality in power within the industry.
Others might point to the “nation’s only disabled and woman-owned investment firm” branding as uncalled for. An investment firm should be acknowledged for its results, not for the gender of its owners, they would argue.
The truth might lie in the middle. The branding may seem unnecessary for an investment firm but it also states that it is the only disabled and woman-owned investment firm in the United States. That in itself speaks volumes of the gap between the social values of today and the reality of power, and who has it.
