Celebrating London’s financial and business community and its most successful individuals and firms
Inclusion, Outreach and Diversity Award
The City is one of the world’s great meritocracies – but that only truly works if everyone has an equal chance of getting a foot in the door – and then on the ladder. Fortunately, this issue has shot up the corporate agenda and impressive work is being done to widen access, dismantle stereotypes and promote the very real benefits of true diversity. Here we recognise five of the most eye-catching approaches.
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.refinitiv.com
The trade body for the asset management industry has developed a range of proactive and highly effective campaigns and initiatives to broaden recruitment in the sector and promote diversity in its widest sense. They have arranged visits to over 150 schools and colleges to promote asset management to young people who, because of their background, may not consider the sector open to them. Their latest campaign is aimed at ending “class bias” in recruitment.
Dive in Festival
The insurance sector has suffered a reputational hit in the wake of revelations regarding the culture at Lloyd’s of London, but behind the headlines there is a real determination to make positive changes and the Dive In Festival is at the heart of that. Launched in 2015 by a handful of practitioners as a small event promoting diversity and inclusion, it is now a global initiative with events in 65 cities across 32 countries. It has also won the support of Mark Carney.
Royal Economic Society
Economics has a diversity problem. State-educated and BAME students are woefully under-represented among economics undergraduates – as are women. The Royal Economic Society has pulled together the likes of McKinsey and the Bank of England to launch a campaign aimed at arresting and reversing this trend. Discover Economics is a three-year campaign aimed at promoting economics and the finance sector to under-represented groups aged 15-17.
One of Investec’s mantras is “talent is everywhere but opportunity is not.” To bring about a truly representative and diverse workforce the bank runs four main networks: Investec BAME, Investec Gender Balance, Investec LGBT+ and Investec YoungMinds. This last group aims to pull together all the objectives of the other networks and foster the principles of inclusion in its young staff and future leaders. They’re a Stonewall Champion and signatory to the Women in Finance Charter.
Allen & Overy
The law firm has been championed by its own staff for its proactive and open approach to increasing diversity and inclusion across gender, sexuality and ethnicity. They’ve launched a Race and Ethnicity Network in London along with an Asian Affinity Group and a Black and Latinx Affinity Group in their US offices. A&Out, its initiative for LGBTQ+ staff and allies, has been recognised by Stonewall who have put A&O on their 2019 top employers list.
This category will be awarded for the first time in 2019.