Diversity levels on boards still unsatisfactory – Ignoring this is ‘at everyone’s peril’ November 24, 2021 | Sponsored DiverCity® Podcast · Building Better Boards: Finding your place in the boardroom The economic case for diversity at a board level is clear, but too many firms still fall short Despite the increased focus on diversity, equity and inclusion, too many boards remain stuck in the past and are failing to meet equality targets. Fiona [...]
State Street denies bank staff must get special approval to hire white men November 7, 2021 Investment bank State Street tonight forced to push back against reports it will insist managers get special approval to hire white men over female or minority candidates. The bank wants to triple the number of black, Asian and other minority staff in senior roles by 2023 and has mandated lower bonuses for execs if they do not hit [...]
Long way to go: Two in three non-white staff in the City and Canary Wharf face discrimination and racism at work October 6, 2021 London’s financial services firms are failing to uphold diversity standards with two in three black and minority finance workers in the City and Canary Wharf suffering discrimination at work, according to a new study shared with City A.M. this morning. Around 66 per cent of BAME – Black, Asian, Minority, Ethnic – staff suffer discrimination [...]
Boris Johnson never brushing his hair shows gender inequality is very much alive, says Hillary Clinton October 1, 2021 Former First Lady and US Secretary of State Hillary Clinton has said she does not think she will live to see “true equality” between men and women. The former US presidential candidate, 73, said the “so-called double standard” still exists and women in power are continuously scrutinised. Speaking to historian Mary Beard on the BBC’s [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
City Corporation urges firms to support its socio-economic diversity task force July 28, 2021 The City of London Corporation is calling on financial and professional services firms to encourage their networks and employees to support its socio-economic diversity task force. At a virtual meeting, City Corporation policy chair Catherine McGuinness asked individuals and organisations to get involved by being informed and using their influence to raise awareness of the [...]
Bank of England Andrew Bailey concedes shortcomings in diversity July 21, 2021 Governor Andrew Bailey has promised to do more to address systemic racial inequality after a review found “material disparities” persist at the Bank of England. Staff from ethnic minority backgrounds were less likely to be promoted, received smaller bonuses and were afforded fewer opportunities for career development and progression than their white colleagues, according to the [...]
‘What I Know Is…’: black professionals share their experiences July 20, 2021 | City Talk One of the main reasons for the under-representation of black professionals in investment management is the lack of knowledge and information about joining the investment profession and the opportunities that it can deliver. For the financial sector which is increasingly focused on sustainability and where corporates are increasingly rewarded for good ESG policies, ensuring that [...]
Women account for a third of financial services boards, report says July 19, 2021 Women now make up a third of boards at 200 of the top British financial firms according to a report, as the government marks five years since it set out to improve gender balance in the male-dominated sector. The number of females on company board has risen to 32 per cent, think tank New Financial [...]
Workplace gender parity pushed back four years by Covid-19 pandemic July 14, 2021 UK workplaces are failing to make progress in gender diversity, with the Covid-19 pandemic pushing representation in executive positions back by four years. Diversity consultancy The Pipeline said career prospects for women were “desolate” in its annual assessment of gender diversity in FTSE 350 companies. The predicted year for gender parity in the UK was [...]