News & Opinion | June 21, 2019 4:02 pm

A Firsthand Account of Being Transgender at Goldman Sachs

The firm has covered gender reassignment surgery and hormone therapy for employees since 2007

Goldman Sachs
One employee shared her story of being transgender at Goldman Sachs. (Ramin Talaie/ Corbis via Getty)
Corbis via Getty Images

Maeve DuVally is one of only two people at Goldman Sachs who have taken advantage of the offer in their employee medical plan to cover gender reassignment surgery. According to a new story in The New York Times, her experience after doing so has been largely positive.

The firm has offered healthcare benefits to same-sex couples since 2000, has covered the aforementioned gender reassignment surgery, as well as hormone therapy, since 2007 and had a chief executive who was once awarded the Ally Award from the Lesbian, Gay, Bisexual & Transgender Community Center. It encourages employees to display ally cards in their work spaces — a sign that they’re dedicated to “mentoring and being a resource for LGBT people” — and has a rainbow flag draped above the equities trading desk, according to The New York Times, in Emily Flitter‘s detailed feature.

On June 5, an openly gay former vice president did sue Goldman Sachs for discrimination because, as he claimed, his supervisors never stepped in when it was explained to him that he was kept off a conference call for sounding “too gay.”

This has not been DuVally’s experience, though, as she was described by a colleague as never having seemed more happy.

“During this important point in your life, we wanted to let you know how happy we are for you,” read a card attached to a bouquet of white orchids sent to DuVally on her first day in the office post-transition. “We are full of genuine admiration and respect for your bravery and choice to be happy.”

“I’ve been hugging a lot of people,” she told the Times. “Before I decided to come out, I don’t think I had ever hugged anyone at work.”

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