Allstate supports diversity on Wall Street
Allstate broke new ground by issuing $1.2B in corporate bonds through a syndicate exclusively comprised of minority-, women- and veteran-owned businesses. This syndicate of diverse banks, led by Loop Capital Markets, Academy Securities, Ramirez & Co. Inc. and Siebert Williams Shank, represents the largest transaction these firms have actively led.
In a press release, Tom Wilson, Allstate’s Chair, President and CEO said, “It is time to take a stand to create more equity in the securities markets. Diverse firms have the capabilities to increase their market share as evidenced by the results of this transaction. Allstate is committed to doing even more, including doubling our trading volume with diverse firms in 2021.”