More than half of PE and VC firms have all-white investment teams March 17, 2021 Private equity and VC firms are making great strides with gender diversity but the industry is still significantly lagging on ethnic minority representation, according to new research. Analysis by the British Venture Capital and Private Equity Association (BVCA) and Level 20 reveals all male investment teams have declined from 28 per cent in 2018 to [...]
Diversity blow: UK banks lost 10,000 women in 2020 March 12, 2021 The number of women at the UK’s five biggest lenders shrank by three per cent during 2020, according to new Bloomberg data. Men saw a decline of around 2.1 per cent as banks pushed ahead with long-planned cuts and navigated the Covid-19 crisis. At NatWest, roles filled by women fell by nine per cent compared [...]
ACCA’s Helen Brand shares why equality in business is key March 11, 2021 On Monday it was International Women’s Day…a day which should be celebrated all year round as it’s where globally we celebrate women’s achievements while calling out inequality and the work that still needs to be done. To mark the occasion, ACCA’s chief executive Helen Brand has taken part in a Q&A to share with City [...]
Deloitte diversity chief ‘facing internal investigation over bullying claims’ March 5, 2021 Deloitte’s deputy chief executive and diversity champion Dimple Agarwal is facing an internal probe over allegations of bullying. Agarwal, head of “people and purpose” at the Big Four auditor, is facing complaints from staff over inappropriate working practices such as communicating aggressively and making employees attend extremely early meetings, the Telegraph first reported. Having joined [...]
Goldman Sachs and Rolls Royce team up with Code First Girls to help close gender skills gap February 25, 2021 Goldman Sachs, Rolls Royce and Bank of America, among others, are teaming up with Code First Girls, a UK group dedicated to closing gender skills gaps and bringing women into technology roles. Code First Girls will provide mentorship programmes along with up to £10,000 in free education to women undertaking technology related training courses. The [...]
Win for diversity as all-male boards disappear from the FTSE 350 February 19, 2021 There are now no all-male boards across the entire FTSE 350, according to the latest data compiled by the 30% Club.
REC: Recruitment is £7.7bn key to economic bounce back February 18, 2021 Recruitment is the key to economic recovery, the Recruitment & Employment Confederation (REC) has said today, as recruitment firms boost productivity by £7.7b each year. However, far more can be achieved as new research found that only half of people think that companies are doing a ‘good job’ at recruiting efficiently. A below standard hire [...]
London’s small-cap firms fall behind FTSE 100 on diversity targets February 17, 2021 The lack of diversity in boardrooms goes well beyond the FTSE 100 with new research showing just how little progress small-cap firms have made. A staggering 84 per cent of AIM and 78 per cent of Small Cap 100 companies have all white boards, over double the proportion seen in the FTSE 100. Some progress [...]
Exclusive: City law firm boss on the rise of US-style class action suits in Britain February 4, 2021 In a wide-ranging, two-part interview, City A.M. sits down with Natasha Harrison, the Chancery Lane-based managing partner of global law firm Boies Schiller Flexner, which has around 400 staff in 11 offices around the world. Yesterday, Harrison zoomed in on the impact of Brexit on Britain’s legal landscape, while today she discusses the rise of class action [...]
Exclusive – Bank of America’s diversity chief urges City firms to ‘do more’ in 2021 January 1, 2021 The City of London and the government recently launched a joint taskforce in order to tackle the lack of class diversity in the UK’s financial services sector as it is often argued the Square Mile needs to do better at diversity and inclusion. So will there be a step change in 2021? City A.M. sat [...]