Rich Donovan

Last updated

Rich Donovan is a global expert in business development issues surrounding disability and accessibility. He is best known for creating financial instruments that track the intersection of corporate profitability with corporate commitment to disability hiring and best practices. His Return On Disability Index is reported on Bloomberg and has been used as the basis of an Exchange Traded Note (ETN) by Barclay’s Bank on the NYSE Arca Stock Exchange.

Contents

Accessibility and finance work

Development of the Return on Disability Index

Donovan is a founder of several research and advisory companies that have foregrounded the business case for companies and governments to act on the disability market. In 2008, he founded what is now called The Return on Disability Group to build metric and models that allow for analysis of corporate activity which help assess how well businesses engage customers and employees with disabilities. The organization’s "Return on Disability Reports" and other models helps companies understand their performance across disability factors that are linked directly to profitability. As well they produce the Return on Disability Indices for the U.S. and Canada markets. These financial tools "recognize public companies that are outperforming in the disability market." [1] The RoD US 100 and the RoD Canada 50, are published daily by Bloomberg LP. The indices track the shares of the 100 firms that deal best with disabled people. The Economist notes that in the five years to 2012 the US index had outperformed the broader stock market. [2]

LIME

In 2006, Donovan founded Lime Connect, an organization whose goal is to find employment for people with disabilities. The idea with Lime Connect is: “to connect with the brightest people with disabilities from all disciplines. Results have been stellar, with the Lime Connect Fellowship Program placing 20 young stars in 2011 alone, six of whom were hired by Google.” [3] Other companies Lime has partnered with include PepsiCo, Bank of America/Merrill Lynch, IBM, and TD Bank. [4]

Fundamental concepts

As one of the early progenitors of the business case for accessibility, Donovan has focused on the following:

Education

Donovan received his BBA in Finance from the Schulich School of Business at York University (1993 - 1997) and his MBA from Columbia Business School (2000 – 2002). He worked successfully as a trader for Merrill Lynch. Donovan is an avid sailor and father of a son, Maverick, along with his wife, Jenn. He has cerebral palsy. [4]

Honors and awards

Volunteer experience and causes

Publications

The primary annual report published by The Return on Disability Group is the "Global Economics of Disability". [5] The report "is featured on the European Union web site and is frequently quoted by businesses, governments and NGOs when defining the size, scope and value of the disability market." [4]

Related Research Articles

<span class="mw-page-title-main">Cerebral palsy</span> Group of movement disorders that appear in early childhood

Cerebral palsy (CP) is a group of movement disorders that appear in early childhood. Signs and symptoms vary among people and over time, but include poor coordination, stiff muscles, weak muscles, and tremors. There may be problems with sensation, vision, hearing, and speaking. Often, babies with cerebral palsy do not roll over, sit, crawl or walk as early as other children of their age. Other symptoms include seizures and problems with thinking or reasoning, which each occur in about one-third of people with CP. While symptoms may get more noticeable over the first few years of life, underlying problems do not worsen over time.

<span class="mw-page-title-main">Creative accounting</span> Euphemism referring to unethical accounting practices

Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate from the spirit of those rules with questionable accounting ethics—specifically distorting results in favor of the "preparers", or the firm that hired the accountant. They are characterized by excessive complication and the use of novel ways of characterizing income, assets, or liabilities, and the intent to influence readers towards the interpretations desired by the authors. The terms "innovative" or "aggressive" are also sometimes used. Another common synonym is "cooking the books". Creative accounting is oftentimes used in tandem with outright financial fraud, and lines between the two are blurred. Creative accounting practices are known since ancient times and appear world-wide in various forms.

Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.

<span class="mw-page-title-main">1984 Summer Paralympics</span> Multi-parasport event in New York City, US

The 1984 International Games for the Disabled, canonically the 1984 Summer Paralympics were the seventh Paralympic Games to be held. There were two separate competitions: one in Stoke Mandeville, England, United Kingdom for wheelchair athletes with spinal cord injuries and the other at the Mitchel Athletic Complex and Hofstra University on Long Island, New York, United States for wheelchair and ambulatory athletes with cerebral palsy, amputees, and les autres [the others]. Stoke Mandeville had been the location of the Stoke Mandeville Games from 1948 onwards, seen as the precursors to the Paralympic Games, as the 9th International Stoke Mandeville Games in Rome in 1960 are now recognised as the first Summer Paralympics. As with the 1984 Summer Olympics, the Soviet Union and other communist countries except China, East Germany, Hungary, Poland and Yugoslavia boycotted the Paralympic Games. The Soviet Union did not participate in the Paralympics at the time, arguing that they have no disabled people in the country. The USSR made its Paralympic debut in 1988, during Perestroika.

<span class="mw-page-title-main">Bank of America</span> American multinational banking and financial services corporation

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

<span class="mw-page-title-main">Bloomberg L.P.</span> American financial, software, data, and media company

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Bank of America through their brokerage subsidiary Merrill Lynch.

<span class="mw-page-title-main">Euronext Dublin</span> Irish stock exchange

Euronext Dublin is Ireland's main stock exchange, and has been in existence since 1793.

<span class="mw-page-title-main">Wood Gundy</span> Canadian stock brokerage and investment banking firm

Wood Gundy Inc. was a leading Canadian stock brokerage and investment banking firm. Founded in 1905, it was acquired by the Canadian Imperial Bank of Commerce in 1988 as it attempted to build an investment banking business. The Wood Gundy name was used extensively by the bank's investment banking arm, which was known as CIBC Wood Gundy until 1997. Today, CIBC's investment banking business is known as CIBC World Markets, and the name CIBC Wood Gundy is used as the brand for the bank's retail brokerage business.

Return on capital (ROC), or return on invested capital (ROIC), is a ratio used in finance, valuation and accounting, as a measure of the profitability and value-creating potential of companies relative to the amount of capital invested by shareholders and other debtholders. It indicates how effective a company is at turning capital into profits.

<span class="mw-page-title-main">Bucharest Stock Exchange</span> Stock exchange located in Bucharest, Romania

The Bucharest Stock Exchange (BVB) is the stock exchange of Romania located in Bucharest. In 2019, the capitalization of BVB increased 23.4% compared to the previous year, to the value of EUR 37.8 billion. At the end of 2019 there were 83 companies listed on the BVB.

<span class="mw-page-title-main">Bond market</span> Financial market where participants can issue new debt or buy and sell debt securities

The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the secondary market. This is usually in the form of bonds, but it may include notes, bills, and so on for public and private expenditures. The bond market has largely been dominated by the United States, which accounts for about 39% of the market. As of 2021, the size of the bond market is estimated to be at $119 trillion worldwide and $46 trillion for the US market, according to Securities Industry and Financial Markets Association (SIFMA).

Gerald T. McCaughey is a Canadian businessman who was formerly president and CEO of the Canadian Imperial Bank of Commerce.

<span class="mw-page-title-main">Merrill Lynch & Co.</span> Defunct American investment bank

Merrill Lynch & Co., formally Merrill Lynch, Pierce, Fenner & Smith Incorporated, was a publicly-traded American investment bank that existed independently from 1914 until January 2009 before being acquired by Bank of America and rolled into BofA Securities.

<span class="mw-page-title-main">Intercontinental Exchange</span> American exchange and clearing house company

Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange, equity options exchanges and OTC energy, credit and equity markets.

<span class="mw-page-title-main">Athletics Canada</span>

Athletics Canada or AC is the national governing body of athletics in Canada, which includes track and field, cross-country running, road running, and race walking.

<span class="mw-page-title-main">United Cerebral Palsy</span> Nonprofit organization

United Cerebral Palsy (UCP) is an international nonprofit charitable organization consisting of a network of affiliates. UCP is a leading service provider and advocate for adults and children with disabilities. As one of the largest health nonprofits in the United States, the UCP mission is to advance the independence, productivity and full citizenship of people with disabilities through an affiliate network.

BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America. It is not to be confused with Merrill, the stock brokerage and trading platform subsidiary of Bank of America.

Merrill, previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial analysts and manages $2.3 trillion in client assets. The company also operates Merrill Edge, a division for investment and related services, including call center counsultancy.

Para-equestrian classification is a system for para-equestrian sport is a graded system based on the degree of physical or visual disability and handled at the international level by the FEI. The sport has eligible classifications for people with physical and vision disabilities. Groups of eligible riders include The sport is open to competitors with impaired muscle power, athetosis, impaired passive range of movement, hypertonia, limb deficiency, ataxia, leg length difference, short stature, and vision impairment. They are grouped into five different classes to allow fair competition. These classes are Grade I, Grade II, Grade III, Grade IV, and Grade V(Grade Names Changed as of Jan 2017). The para-equestrian classification does not consider the gender of the rider, as equestrines compete in mixed gender competitions.

A bespoke portfolio is a table of reference securities. A bespoke portfolio may serve as the reference portfolio for a synthetic CDO arranged by an investment bank and selected by a particular investor or for that investor by an investment manager.

References

  1. "The RoD Report". The Return on Disability Group. Retrieved March 9, 2017.
  2. "Disability and business: The new green". The Economist. September 8, 2012. Retrieved April 26, 2015.
  3. Donovan, Rich. "Disability: From Redheaded Stepchild to Golden Girl". Essential Accessibility. Retrieved April 26, 2015.
  4. 1 2 3 "Rich Donovan". Accessibility Summit: Speaker List. Carleton University. 2014. Retrieved April 26, 2015.
  5. "2014 Annual Report: The Global Economics of Disability" (PDF). The Return on Disability Group. August 1, 2014. Retrieved April 26, 2015.