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Todd G. Sears

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Todd Sears
Born
Todd Gilliam Sears

1976 (age 47–48)
Tarboro, North Carolina, U.S.
EducationDuke University (BA)
TitleFounder & CEO of Out Leadership

Todd G. Sears (born 1976), American businessman and advocate for LGBTQ+ equality, is the founder and CEO of Out Leadership since 2010.[1] A former investment banker and private banker, he has served as Head of Diversity Strategy at Merrill Lynch from 2007-2008 and Head of Diversity and Inclusion at Credit Suisse from 2008-2010.[1] Sears started the first team of financial advisors focused on serving the needs of the LGBTQ community in Wall Street history.[1]

Early Life & Education

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Todd Gilliam Sears was born and raised in North Carolina. His father, a veteran, worked as a CFO across the textile industry and his mother spent her career as a nurse, focusing on prenatal and postpartum care for women across North and South Carolina.[2] Due to the volatility of the textile industry, the family moved several times throughout Todd's youth and he attended 9 schools before the Woodberry Forest School where he would go on to receive his high school diploma.[2] He attended Duke University graduating with an A.B. in English, concentrating in medieval literature and poetry, with minors in economics and spanish.[2] He served as Quad Council president and started the tradition of Last Day of Classes – a full campus party at the end of term, now called LDOC. Sears was a member of the Kappa Alpha Order Fraternity and a-capella group Speak of the Devil.[3]

Early Career

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Sears started as an investment banker at Schroeders in 1998, working as a transportation analyst, before joining DeSilva & Phillips as the Vice President of Business Development in 1999, working on over 65 transactions.[4] In 2001, Sears moved to Merrill Lynch as a financial advisor – the first openly gay financial advisor in Merrill Lynch’s history.[4] At Merrill Lynch, he created the first national team of financial advisors focused on serving the needs of the LGBTQ community.[4][5][6] Through that effort, he conducted domestic partner planning seminars across the United States, addressing challenges that LGBT clients faced in estate-planning.[4][5][6] Over the five years he was an Advisor, and then a Senior Financial Advisor, his team expanded to include 10 financial advisors in six cities, bringing in close to $2Billion worth of LGBTQ-identified assets to the firm.[4][6][7][8] He was appointed Division Diversity Manager for Merrill Lynch in 2007, and then was promoted to Head of Strategic Initiatives at the Office of Diversity.[9]  During this time, he was awarded the Merrill Lynch Leadership in Diversity and Inclusion Award. Sears moved to Credit Suisse in 2008, becoming the Head of Diversity and Inclusion for the Americas.[10] At Credit Suisse, Sears created the first LGBTQ MBA recruiting program on Wall Street, “Open Perspectives, which won the HRC Innovation Award in 2010.[11][12] He also supported the creation of the first Veterans network on Wall Street, which grew into VOWS (Veterans on Wall Street).

Founding Out on the Street

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In 2010, Sears was laid off from Credit Suisse, and used his severance check to start an LGBTQ-business Summit, called “Out on the Street,” a CEO-hosted gathering to discuss the business opportunity of LGBTQ equality.[2][13] The first Summit, held March 30, 2011, was hosted by Seth Waugh, the Americas CEO of Deutsche Bank and was attended by senior leaders from Bank of America, Barclays, Citi, Deutsche Bank, Goldman Sachs, and Morgan Stanley.[14][15] Reporters from ABC News, the Wall Street Journal, Bloomberg, and American Banker, among others, quoted Wall Street as the gay community’s ally, for the first time.

In 2012, Out on the Street expanded to include several more firms, holding its second summit hosted by Bank of America Merrill Lynch.[16] The initiative further expanded internationally that year, as over 180 senior members from 15 global financial institutions met in London, at the first summit of Out on the Street held outside of the United States.[17][18] Receiving a welcome from the Lord Mayor, a letter of support from the U.S. Secretary of State, a keynote by a high-ranking Balkan leader, the summit had an overwhelmingly positive response.[18] Addressing topics including international LGBT talent mobility, the experiences of lesbians in financial services, and active allies, speakers – among which included Lord John Browne, James Leigh-Pemberton, CEO United Kingdom at Credit Suisse, Ambassador Michael Guest, and many more – recognized the role organizations played in advancing LGBT equality in the workplace and beyond.[17][18]

Sears expanded Out on the Street to Hong Kong in 2013, the first-ever LGBTQ business summit in Asia, which was co-hosted by Antony Jenkins (CEO of Barclays) & Noel Quinn (CEO of HSBC Asia).[19] Speakers discussed themes that were addressed in that year’s New York City Summit, attesting to the global nature of challenges facing the LGBT community, but also discussed region-specific topics like that of culture and family pressures.[20]  

A secondary initiative, “Out in Law,” which sought to convene senior lawyers from across major law firms, was launched in 2014 – with the first “Out in Law” summit hosted by New York University Law School on March 13, 2014, including 28 participating law firms and over 200 attendees.[21][22][23] The initiative aimed to bring together LGBT and straight ally leaders from the legal profession to discuss issues, network, and collectively set a forward-looking agenda for the legal community.[23] Speakers like Lloyd Blankfein, Chairman and CEO of Goldman Sachs at the time, Kevin Cathcart, the Executive Director of Lambda Legal, and Trevor Morrison, Dean of NYU School of Law, emphasized the goal of full equality for LGBT individuals.[21]

Sears brought together over 130 senior LGBT and Ally business leaders from Australia and the Asia-Pacific region at the first Out Leadership Summit in Australia, hosted by HSBC Australia.[24] At the inaugural summit on May, 18, 2016, speakers like Kieran Moore, CEO of Ogilvy PR, Anthony Venn-Brown, CEO of Ambassadors & Bridge Builders International, and the Honourable Senator Penny Wong, discussed Australia’s progress towards a more equal society for LGBT people, and how business has been involved in that progress forward.[24]

OutLeadership

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Reflective of its reach beyond Wall Street, Out on the Street rebranded to OutLeadership, and developed several leadership initiatives as part of its mission to further LGBT progress, beginning with the creation of OutNEXT in partnership with McKinsey’s Centered Leadership Program – the first ever global next generation program for emerging LGBT leaders.[25] Hosted by Morgan Stanley on April 30, 2014, the summit convened leaders across industries and engaged attendees with interactive panel discussions, business case studies, and workshops to build leadership skills and create opportunities for networking.[25][26]

In 2015, Out Leadership launched OutQUORUM, premiering a first-of-its-kind LGBTQ+ inclusive Board Diversity Policy for the United States with KPMG.[27] The organization published the first-ever LGBTQ+ Board Diversity Guidelines for the United States so that any company who wanted to, could change its policy in ten minutes.[28]

2016 marked a further expansion of the organization’s many initiatives, as OutWOMEN was launched – championing the success of senior LGBT women in business.[29] On February 4, 2016, the organization announced that the initiative would drive equality forward by organizing global engagement opportunities for LGBT women in significant leadership positions at major companies.[29] In the first year of its launch, it convened a series of salon dinners in New York, Washington D.C., Chicago, Atlanta, Los Angeles, London, and Hong Kong.[29] It functioned through several of the summits Out Leadership hosted that year in New York, Hong Kong, and London, hosting breakfasts open to younger women and allies of the group.[30]

Philanthropy

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Sears serves on various nonprofit boards, including the Williams Institute of UCLA, the Palette Fund, the Global Equality Fund of the U.S. Department of State, Lambda Legal Defense & Education Fund, The North Carolina Community Foundation and the National Advisory Council of the Stonewall National Archives & Museum.[31]

Sears holds an integral role in several events Lambda Legal, a national organization committed to achieving full recognition of the civil rights of lesbians, gay men, bisexuals, transgender people, and everyone living with HIV through impact litigation, education and public work, has organized.[32] Since 2003, the year Lambda Legal won Lawrence v. Texas, Sears has hosted Lambda in the Pines, the longest running LGBTQ fundraiser in the United States.[32][33][34]

Sears is the founding co-chair of Jeffrey Fashion Cares New York, a fashion show fundraiser created in tandem with namesake Jeffrey Kalinsky – over the 10 years Sears led the event, it raised over $8 million for LGBTQ+ / HIV causes, with recipients including Lambda Legal, Hetrick Martin Institute, GMHC, the Point Foundation, and ACRIA.[35][36][37]

Awards and Honors

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In 2014, Sears was awarded the My Hero Award by Aid for AIDS International, which recognizes individuals who have made a significant impact on the lives of people living with HIV. That year, he also received the Empire State Pride Agenda Foundation’s 2014 Equality at Work Award, presented in recognition of his leadership and commitment to advancing rights for LGBT professionals and working to elevate equality in the workplace.

In 2015, Sears received the Paula L. Ettelbrick Award, which celebrates the unparalleled achievement by an individual or an organization in advancing lesbian, gay, bisexual, and transgender attorneys.  

In 2018, Sears was presented the AGLCC’s (Atlanta Gay & Lesbian Chamber of Commerce) Vanguard Award, recognizing him as an LGBT+ advocate visible on the National and/or Global stage, having pioneered new territory in the business community while advocating for inclusion, equality and greater access to opportunity for LGBT+ individuals.

In 2019, Sears was awarded the Duke Alumni Association’s Beyond Duke Award, in recognition of his service to the Duke community, his city, and the world, through his involvement in Out Leadership.

Sears has been listed on Crain’s Notable LGBTQ leaders for several years, having been on the list in 2020, 2021, 2022, and 2024. The list recognizes people who are pacesetters that drive equity and inclusion across city business.

Publications

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Sears has published several articles across various platforms, including the Huffington Post, Harvard Business Review, the South China Morning Post, and Forbes.

References

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  1. ^ a b c "Our Team". Out Leadership. Retrieved 2024-08-07.
  2. ^ a b c d "At 5, he asked his mum what 'gay' was; now he is the CEO of Out Leadership". South China Morning Post. 2023-05-13. Retrieved 2024-08-07.
  3. ^ "Three compete for vice president for student affairs: Todd Sears". The Chronicle. Retrieved 2024-08-07.
  4. ^ a b c d e "Meet the Speakers: Todd G. Sears, Director and Head of Americas Diversity & Inclusion at Credit Suisse". April 28, 2010.
  5. ^ a b "International WELL Building Institute". resources.wellcertified.com. Retrieved 2024-08-07.
  6. ^ a b c "Todd Sears". Global Mentor Network. Retrieved 2024-08-07.
  7. ^ "Todd Sears: The gay business guru Out on the Street - Gay Star News". web.archive.org. 2016-03-06. Retrieved 2024-08-07.
  8. ^ "Out on the Hong Kong street". www.fridae.asia. Retrieved 2024-08-07.
  9. ^ "Todd Sears: The gay business guru Out on the Street - Gay Star News". web.archive.org. 2016-03-06. Retrieved 2024-08-07.
  10. ^ https://www.linkedin.com/in/toddgsears/
  11. ^ "Todd G. Sears | HuffPost". www.huffpost.com. Retrieved 2024-08-07.
  12. ^ "Human Rights Campaign Foundation Honors 305 Major U.S. Employers as 2010 &quotBest Places to Work fo". Human Rights Campaign. 2010-03-18. Retrieved 2024-08-07.
  13. ^ "Wall Street's Straight Man in Washington". Bloomberg.com. 2016-01-14. Retrieved 2024-08-07.
  14. ^ "Out on the Street: US 2011". Out Leadership. Retrieved 2024-08-07.
  15. ^ https://country.db.com/usa/documents/responsibility/PrideMonth_Timeline_REGIONAL%20ONLY.pdf?language_id=1
  16. ^ "Top Wall Street Executives Convene for First Time on LGBT Equality". April 30, 2012.
  17. ^ a b "Out on the Street: Europe 2012". Out Leadership. Retrieved 2024-08-07.
  18. ^ a b c "Out on the Street Europe: Are LGBT Rights Good for Business? | EDGE United States". EDGE Media Network. Retrieved 2024-08-07.
  19. ^ "In Asia, LGBT Activist Takes on Biggest Challenge Yet". Bloomberg.com. 2013-10-24. Retrieved 2024-08-07.
  20. ^ "Out on the Street: Asia 2013". Out Leadership. Retrieved 2024-08-07.
  21. ^ a b "Out in Law: US 2014". Out Leadership. Retrieved 2024-08-07.
  22. ^ "Our Story". Out Leadership. Retrieved 2024-08-07.
  23. ^ a b "Ropes & Gray Sponsors Out in Law to Mobilize LGBT Legal Community | News & Events | Ropes & Gray LLP". www.ropesgray.com. Retrieved 2024-08-07.
  24. ^ a b "Out Leadership hosts inaugural summit in Sydney". Out Leadership. Retrieved 2024-08-07.
  25. ^ a b "OutNEXT Emerging Leaders Summit: 2014". Out Leadership. Retrieved 2024-08-07.
  26. ^ Out Leadership (2016-01-15). OutNEXT 2014. Retrieved 2024-08-07 – via YouTube.
  27. ^ "Quorum Call". www.linkedin.com. Retrieved 2024-08-07.
  28. ^ "Board Diversity Guidelines - Australia". Out Leadership. Retrieved 2024-08-07.
  29. ^ a b c "Out Leadership Announces OutWOMEN Initiative for Senior LGBT Women in Business". Out Leadership. Retrieved 2024-08-07.
  30. ^ Leadership, Out. "Out Leadership Announces OutWOMEN Initiative for Senior LGBT Women in Business". www.prnewswire.com. Retrieved 2024-08-07.
  31. ^ thisisloyal.com, Loyal |. "Todd Sears". Williams Institute. Retrieved 2024-08-07.
  32. ^ a b "If You're Able To Buy Alcohol, Sodomy Was Illegal In Your Lifetime • Instinct Magazine". Instinct Magazine. 2021-08-22. Retrieved 2024-08-07.
  33. ^ victories, a vote of 6-3 that LBGT individuals have the same constitutionally protected rights as any other citizen • Brandon v Richardson County – In one of its most highly publicized; Teena, Lambda Legal appealed the case of Brandon; Man, A. Transgender Woman Living as a; Raped, Who Was Brutally; protection, later killed The sheriff’s department not only provided Teena no; sued, but also notified the rapists that Teena had pressed charges against them Their negligence resulted in his murder After Teena’s mother; lost; Court, Lambda Legal took up the case They appealed to the Nebraska Supreme; was “extreme, which found in their favor stating that the sheriff’s abuse of Teena during the rape investigation (2018-07-21). "Lambda Legal: Protecting LGBT rights for 45 Years » Fire Island News & Great South Bay News". www.fireislandnews.com. Retrieved 2024-08-07.{{cite web}}: CS1 maint: numeric names: authors list (link)
  34. ^ "2024 Lambda Legal in the Pines". www.classy.org. Retrieved 2024-08-07.
  35. ^ https://legacy.lambdalegal.org/sites/default/files/publications/downloads/impact_200702_complete_0.pdf
  36. ^ https://legacy.lambdalegal.org/sites/default/files/nyla_2013_invite_final.pdf
  37. ^ https://outleadership.com/wp-content/uploads/2023/07/Out-Leadership-2023-Europe-Summit-Brochure-Final-4_24_23-1PM-2.pdf


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