2023 Gen Z and Millennial Survey
Organizations have driven some workplace progress in recent years, but new setbacks are impacting Gen Zs’ and millennials’ ability to plan for their futures.
National Bankers Association and National Bankers Association Foundation release lending insights in our latest report.
Minority Depository Institutions: Paycheck Protection Program (PPP) Lending Insights, authored by Anthony Barr, Research and Impact Director, and Carl Romer, Research Manager at the National Bankers Association Foundation, provides insight on the important role that MDIs had in supporting small businesses and their employees with the Paycheck Protection Program (PPP) during the COVID19 pandemic.
As detailed in this piece, our research finds that MDIs outperformed non-MDI banks in deploying PPP loans and loan dollars to minority and low-income communities.
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Specifically, our analysis finds that:
- 119 MDIs collectively issued nearly 270,000 PPP loans and more than $16 billion in loan dollars.
- MDI participation in PPP lending was substantial across all MDI types, with 81% of Asian American or Pacific Islander (AAPI) MDIs participating, 84% of Black or African American (Black) MDIs, 84% of Hispanic or Latino (Hispanic) MDIs, and 94% of American Indian or Alaska Native (AIAN) MDIs in existence as of Q4 2021.
- MDIs loaned money to all 50 states: Washington, D.C., Puerto Rico, Guam, the United States Virgin Islands, American Samoa, and the Northern Mariana Islands.
Save the Date! | NASP Southern California’s 2024 “Day of Education in Private Equity for Trustees and Staff” Conference
We will be “Oceanside” at the Beautiful Ritz-Carlton Hotel ~ Marina Del Rey Los Angeles, California.
Details to follow soon. In the meantime, save the date on your calendars NOW, as seating for this event is limited!
March 20th, 2024 – March 21st, 2024
Pugh Capital Management Inc. Names Marisa Grant Chief Investment Officer
NASP congratulates Pugh Capital and Marisa Grant on her new role!
SEC’s Small Business Capital Business Formation Advisory Committee
The Securities and Exchange Commission is seeking candidates for appointment to the Small Business Capital Formation Advisory Committee to provide advice and recommendations on Commission rules, regulations, and policy matters relating to small businesses, including smaller public companies.
The Committee was established by the SEC Small Business Advocate Act of 2016. Committee members represent a wide range of leaders, investors, and advisors who work with early stage private companies and smaller public companies, including minority- and women-owned small businesses.
“The Small Business Capital Formation Advisory Committee and its members are key to ensuring a wide array of perspectives are represented in SEC policymaking,” said SEC Chairman Gary Gensler. “I look forward to working with the members of the Committee to continue to uphold the SEC’s mandate to facilitate capital formation for companies of all sizes, while ensuring investors are adequately protected.”
The Committee advises and consults with the Commission on rules, regulations, and policies as they relate to:
- Capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization;
- Trading in the securities of emerging companies and smaller public companies; and
- Public reporting and corporate governance requirements of emerging companies and smaller public companies.
Members of the public interested in serving on the Committee should promptly email a letter of interest with applicable information about their relevant experience. To be considered timely, submissions must be received by February 17, 2023. Relevant experience may include: (i) representing emerging companies engaging in private and limited securities offerings or considering an initial public offering (IPO), professional advisors of such companies, and investors in such companies; (ii) service as an officer or director of minority-owned small businesses or women-owned small businesses; (iii) representing smaller public companies, the professional advisors of such companies, and the pre-IPO and post-IPO investors in such companies; and (iv) representing participants in the marketplace for the securities of emerging companies and smaller public companies.
How NTAM’s Minority Brokerage Program Helps “Level the Playing Field”
Parise, who serves on the NCPERS Advisory Council, is Managing Director, Head of Sales & Relationship Management for NTAM, which is a premier level service provider member of NCPERS.
NASP Congratulates Kweku Obed’s Appointment to the PBGC Advisory Committee
Marquette Managing Director Kweku Obed, CFA, CAIA has been appointed by President Joseph R. Biden, Jr. to the Pension Benefit Guaranty Corporation (PBGC) Advisory Committee. PBGC is a federal agency created by the Employee Retirement Income Security Act of 1974 (ERISA) that protects retirement security and the retirement incomes of over 33 million American workers, retirees, and their families in private sector defined benefit pension plans.
The experience and expertise of the seven-member Advisory Committee will advise the agency on investment policy and other matters related to PBGC’s mission. In his role, Kweku will represent the interests of employers. “I am pleased to welcome the new members of the Advisory Committee,” said PBGC Director Gordon Hartogensis. “They will represent the interests of employers and the public and we look forward to working with them.”
Please visit the PBGC website for the full press release and additional information.
The NASP 2023 Prospectus is here!
This brochure provides details of 2023 NASP events as well as sponsorship and partnership opportunities. In order to schedule an sponsor info meeting, please contact Beza Tenna at btenna@nasphq.org
The MSRB is seeking applicants for our Compliance Advisory Group
The Municipal Securities Rulemaking Board (MSRB) reminds dealers and municipal advisors that it is seeking volunteers for its FY 2023 Compliance Advisory Group (CAG). The MSRB encourages associated persons from regulated entities who serve in compliance, legal, trading, and operations functional roles to apply to serve on CAG.
Raymond James hires Logan to lead new national infrastructure group
Municipal bond industry veteran Guy Logan has been named to head up Raymond James’ newly formed national infrastructure group.
Logan will join the firm’s Atlanta office as a managing director and lead the group, the firm announced Monday. The group will deliver investment banking services to municipal issuers across the country.
