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Lloyds of London CEO is first woman to top LGBTI business power list

Lloyds of London CEO is first woman to top LGBTI business power list

L-R: Lloyds of London's Inga Beale and Facebook's Mark Zuckerberg

The CEO of Lloyds of London, Inga Beale, takes the top spot of this year’s OUTstanding top 100 power list, published today in the Financial Times.

She is both the first ever female to top the list and the first openly bisexual executive to feature in the Top 100.

When she became CEO of Lloyds in January last year, she became the first female CEO of the company in its 325-year history.

Networking group OUTstanding has been compiling its annual listing of the world’s top LGBTI business people since 2013. This year’s listing also features Martine Rothblatt (CEO of United Therapeutics) at number four – the listing’s highest ever ranking for a transgender executive.

Besides Beale, the listing also features three other bisexual business leaders – the first time bisexual executives have featured in the rankings.

Another new entry on the listing is the gay, Irish-born head of Australian airline Qantas, Alan Joyce. Last year’s number one, Antonio Simoes (CEO HSBC Bank plc) takes this year’s number three position.

Commenting on her top ranking, Beale said in a statement, ‘It is a delight and honor to be listed in OUTstanding’s Top 100, but the praise should go to the whole London insurance sector.

‘I am proud of the commitment of Lloyd’s and the London insurance market to celebrate diversity and ensure we are an attractive, globally relevant and inclusive sector. Inclusion is the foundation of innovation, and having an open, accepting, and diverse workforce will enable us to succeed in a changing and challenging world.’

Earlier this month, Lloyd’s was instrumental in launching the Dive In festival – exploring issues around diversity and inclusion in the insurance sector.

As well as its listing of top 100 LGBTI people in business, OUTstanding produce a top 30 allies listing, and a top 30 listing of Future Leaders Role Models. At the top of this year’s list of allies is Mark Zuckerberg of Facebook.

Facebook was one of 379 companies and organizations to sign a Friend of Court Amicus brief to the US Supreme Court at the beginning of the year, urging it to rule in favor of same-sex marriage across the US.

OUTstanding also highlighted this year’s Facebook Pride filter as a ground-breaking initiative – allowing millions of people around the world to show their support for Pride season and LGBTI rights by turning their Facebook photos rainbow-colored this summer.

The Future Leaders list is topped by Aritha Wickramasinghe, an associate at law firm K&L Gates LLP.

The listing is compiled from public nominations, with the final rankings decided by a judging panel drawn up by OUTstanding. This included former BP chief executive Lord Browne and Dawn Airey, chief executive of Getty Images.

OUTstanding founder and CEO Suki Sandhu said that an increasing number of people were now given their permission to be featured on the ranking.

‘Compared to 2013, we see far more people wanting to be associated with the lists – this year we have 42 brand new additions to the Top 100 alone. This is fantastic news as I hope it shows people are both more comfortable about being their true selves at work, and also that they see the value of ‘going public’ in terms of inspiring the next generation of leaders.’

One notable exception from the Top 100 listing is Tim Cook, CEO of Apple, who has been vocal in his support of LGBTI rights since publicly coming out in 2014.

Commenting on his absence, Sandhu explained: ‘Many of Tim’s peers nominated him for inclusion in our lists. But we have always made it an absolute prerequisite that we only ever include people in our lists who have personally given their permission for their name to be published and have sent us supporting information.

‘Despite several attempts, we were unable to secure Tim’s supporting information or permission on this occasion.’

The full top 100 listing of LGBTI executives can be read on the OUTstanding website. The top 20 was as follows.

  1. Inga Beale, CEO, Lloyd’s of London
  2. Alan Joyce, CEO, Qantas Airways Ltd
  3. Antonio Simoes, CEO, HSBC Bank plc
  4. Martine Rothblatt, CEO, United Therapeutics
  5. Claudia Brind-Woody, Vice President and Managing Director, IBM
  6. Paul Reed, CEO, Integrated Supply and Trading, BP plc
  7. Beth Brooke-Marciniak, Global Vice Chair, Public Policy, EY
  8. Christopher Bailey, Chief Creative & Chief Executive Officer, Burberry
  9. Anthony Watson, President & Chief Executive Officer, Uphold
  10. Sander van ‘t Noordende, Group Chief Executive Products, Accenture
  11. Liz Bingham, Partner, EY
  12. Joseph Evangelisti, Chief Communications Officer, JPMorgan Chase
  13. Arjan Dijk, Vice President Marketing, Google
  14. Jason Grenfell-Gardner, President & CEO, IGI Laboratories Inc.
  15. Louis Vega, Chief of Staff, Office of the Chairman and CEO; and Vice President, Olympics and Sports Solutions, The Dow Chemical Company
  16. Jan Gooding, Group Brand Director, Aviva
  17. Trevor Burgess, President & CEO, C1 Financial
  18. Paul Wood, Chief Risk & Compliance Officer, Bloomberg LP
  19. Alex Schultz, VP, Growth, Facebook
  20. Stephen Clarke, CEO, WH Smith

The full top 30 listing of allies can be read here. The top ten were as follows:

  1. Mark Zuckerberg, Founder and CEO, Facebook
  2. Richard Branson, Founder, Virgin Group
  3. Andrew Liveris, Chairman and CEO, The Dow Chemical Company
  4. Peter Grauer, Chairman, Bloomberg LP
  5. Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase
  6. Paul Polman, CEO, Unilever
  7. Greg Case, President and CEO, Aon plc
  8. Eileen Taylor, Chief Executive Officer DB UK Bank, Ltd, Deutsche Bank
  9. Peter Rogers, Chief Executive Officer, Babcock International
  10. Rachel Reid, European Chief Operating Officer, King & Wood Mallesons

The full top 30 listing of ‘LGBT Future Leaders’ can be read here. The top ten were as follows:

Aritha Wickramasinghe
Aritha Wickramasinghe
  1. Aritha Wickramasinghe (pictured), Associate, K&L Gates LLP
  2. Dr. Mark McBride-Wright, Safety Engineer, KBR
  3. Cory Valente, PhD, Associate Scientist, The Dow Chemical Company
  4. Rath Wang, Senior Consultant, EY
  5. Andrew Barratt, Head of Ogilvy Pride, Ogilvy & Mather Group
  6. Rica Paras, Solution Architect Manager, Accenture
  7. Amy Stanning, Shared Services Director, Barclays
  8. Darren Beaumont, Assistant Vice President, Technology Solutions Architect, Deutsche Bank
  9. Christopher Moody, Market Risk Stream Lead, BP
  10. Michael Oakes, Head of Programmes, EMEA, The Economist