Why the Finance Industry’s Diversity Efforts Have Failed
For years, banks and funds have talked about the benefits of bringing in a wider set of perspectives, but the data show they’re still falling short.
Decades of initiatives to increase diversity within the finance industry have produced limited results. None of the major U.S. banks have ever had a woman chief executive officer. Women and people of color are still underrepresented throughout the asset management industry. So we went around the world asking for advice on what needs to be done.
Read More: Data Show Black Men and Women Are Underrepresented in Finance
Monica Hsiao
Founder
Triada Capital Ltd. in Hong Kong
There’s still a boys-club mentality and network that’s alive and well, even today. This doesn’t stop women from advancing, but there’s no natural propellant to enable women to compete on the same footing either.