Following successful events in London and South Africa, on Friday, 16 October, Barclays welcomed nearly 100 diverse suppliers to take part in our inaugural Supplier Diversity Day in New York. The aim of the day was to not only support entrepreneurship from under-represented segments of society – those businesses recognised as ethnic minority, women, veteran, service-disabled, LGBT, persons with disabilities and small enterprises - but also to find suppliers that can help Barclays offer better products and services to our customers, clients and colleagues.
Tom King, CEO for the Investment Bank, opened the event, explaining that as banking is a people business, we need to find the very best talent in the market from all segments of society and enable us to be “be better at welcoming and serving customers from all societies, cultures and communities.” Tom went on to say that “Diverse teams make better decisions” and this isn’t just true of our colleagues – it is also true of our suppliers, who we see as an extension of our business.
Based upon preliminary results, 66% of the suppliers interviewed are to be considered for request for proposals in the next 6-12 months or are good candidates for subcontracting opportunities with one of our prime suppliers. At least two firms have already received non-disclosure agreements to delve deeper into opportunities.
During the day, companies were provided with an overview of Barclays, an outlook on the economy, and details on upcoming supply opportunities. We introduced our Women in Leadership and Return on Disability ETN products and hosted an executive chat session with Sameer Jain, CIO and Head of Change for the Investment Bank and Charles Schwarz of the Design and Digital Office, on how and why we support disruptive FinTech start-ups.