Goldman Sachs director praises firm during transition to be a woman

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In November of last year, Goldman Sachs, one of Wall Street’s most prestigious firms stated unequivocally that it stood behind transgender rights.

“Flying the transgender flag today in honor of #transdayofremembrance. $GS, will continue to support the transgender and broader #LGBT community—an advocate for an inclusive work environment where every person can freely express the gender with which they identify,” the firm tweeted.

Now the white-shoe investment bank is living up to its promise by supporting transgender rights for one of its own.

It is not known how many transgender individuals work on Wall Street but DuVally would be a minority in a world that has traditionally been defined for its macho culture.

According to his LinkedIn page, DuVally has been with Goldman Sachs for 14 years and has been a Managing Director since 2004. He previously worked at Merrill Lynch in public relations and in journalism at various publications.

He attended Columbia University for a journalism fellowship, according to his LinkedIn page.

In his role as a top spokesperson at Goldman Sachs, DuVally was is quoted in numerous articles. He was last referred to as Michael DuVally in May when he commented on Goldman’s involvement in the scandal surrounding the Malaysian sovereign wealth fund known as 1MDB.

Corporate America has increasing been cognizant of transgender rights in recent years. The Human Rights Campaign’s Corporate Equality Index, which tracks LGBT corporate policies, showed that only 3 percent of Fortune 500 companies had policies that prohibited discrimination against LGBT individuals in 2002. Last year more than 80 percent had such policies.

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