Black Asset Managers and the Fight for Investment Capital

Take a moment to read this article discussing the need for Black Asset Managers. Touching on the legislation, national public policy firms and others looking to create diversity in the industry, trade associations like NASP and other like-minded organizations are at the forefront of that fight.

Read more here:

Moody’s: The Power of Capital Access and Impact

Moody’s is excited to introduce Creating Opportunities for Racial Equity (CORE), evolving how we engage, empower and invest in our diverse customers and underserved communities. During our first CORE event, you’ll hear from an expert group of panelists, who will share insights about the positive impact on diverse communities when emerging managers and diverse businesses access capital to grow and scale their businesses.

News Release: Shaundrawn Thomas


NASP would like to wish Shaundrawn Thomas much success in his new venture, exiting as President of Northern Trust Asset Management on June 1. Mr. Thomas will be working to co-found a diverse-owned and led business that will provide debt and equity solutions to privately held U.S. companies.

We wish him much success in his new endeavor.

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2021 Tulsa Economic Empowerment Day

On June 1, 2021. NASP participated in the 100th commemoration of the 1921 Tulsa Massacre in Tulsa, OK. Economic Empowerment Day was developed as a way to remember the 1921 massacre while looking forward to the future of black economic justice. More than 500 people attended the sessions on June 1st in person, and more than 1300 watched the proceedings online. The day was divided into three tracks that highlighted the different areas of black economic experience:

The institutional black Wall Street track focused on diversity in the financial services industry. Sessions were held on policy and regulation in financial services, asset allocators and diversity as well as empowering minority-owned firms today via corporate and educational partnerships.
The second track of Economic Empowerment Day focused on entrepreneurship and featured female venture capital leaders, as well as others focused on growing and creating minority-owned businesses.

The third track featured access to capital and the building of Black wealth via personal investing, homeownership, and overall financial literacy.

Our message of economic justice and empowerment was also covered favorably in the media. You can take a look at some of the day’s coverage via the links below:

If you missed the Economic Empowerment Day then you definitely want to check out the online link here: You’ll be able to catch the entire conference until September 1st.

NASP and Cerberus Capital Management Launch Milestone Partnership to Support Minority Professionals in Finance

WASHINGTON, D.C. – The National Association of Securities Professionals (“NASP”) today announced that it has launched a three-year partnership with Cerberus Capital Management (“Cerberus”). Cerberus will become the lead sponsor of The NASP Institute and a contributing sponsor of NASP Annual Financial Services Conference, Mentors Luncheon, and Women’s Forum. Cerberus will make a $300,000 contribution to NASP, which represents the organization’s largest donation to date. Expected to launch this year, The NASP Institute will provide research and insights on minorities and women in the financial services industry as well as professional development opportunities. The platform will also support NASP’s programming for college students and professionals from underrepresented communities. NASP currently hosts premier events to promote the sharing of information and create networking opportunities, such as:
  • NASP Mentors Luncheon: An annual showcase and interactive event for financial services firms to present internship and job opportunities for talented college students from underserved minority communities.
  • NASP Annual Pension and Financial Services Conference: A conference that brings together more than 600 financial services professionals to discuss issues pertinent to minorities in the industry as well as general trends within financial services.
  • The Women’s Forum: A space for women professionals in finance to gain insights from one another and connect with peers in the industry.
“This multi-year partnership with Cerberus is a great example of what NASP can do in collaboration with industry-leading firms,” commented Ronald C. Parker, NASP President and CEO. “The NASP Institute will help explore and analyze the state of play for minorities in the financial services industry. Cerberus’ additional support of our programming will also accelerate the impact we can have on women and minority professionals right away.” Doston Bradley, Managing Director at Cerberus, added, “NASP is an incredible change agent for the finance industry and we are proud to expand our partnership with them. Research is critical to increasing awareness and NASP’s platform will deliver data-driven insights on the importance of diversity. This partnership will also expand NASP’s reach by providing more resources and opportunities for women and minority professionals.” NASP greatly appreciates this strategic partnership with Cerberus. For more information, please contact Marshay Hall, Director of Programs and Communications at