Investment managers will be turning up the pressure on companies to improve ethnic diversity on their boards in this year’s AGM season, as the Investment Association (IA) outlines its expectations of companies on issues including climate change, diversity, and executive pay.
Black Women in Asset Management (BWAM) has launched the BWAM Leadership Accelerator - a transformative six-month programme that will bring together a cohort of high-performing Black women from across the asset management industry (including professional services).
Japan’s asset management firms are under pressure from domestic policymakers and foreign investors to improve the sector’s gender diversity, as Tokyo attempts to reinvent itself as a hub for the global finance industry and stave off expectations of a shrinking labour population.
Some 380 companies headquartered across 44 countries are included in the 2021 Bloomberg Gender-Equality Index (GEI). For the first time, firms domiciled in Indonesia and Bermuda are reporting gender-related data.
Meketa Investment Group (Meketa), a global investment consulting and fiduciary management (OCIO) firm, has launched a new initiative to more thoroughly evaluate and rate asset managers’ efforts to ensure diversity and inclusion within their organisations.
Consulting firms in the institutional investment industry, including Aon, SEI, and Verus, have formed an action group to target gender and ethnic diversity within investment teams.
Greater diversity and inclusion in the industry can improve decision-making and help with attracting and retaining talent, a Pensions and Lifetime Savings Association (PLSA) survey has revealed.
Meketa Investment Group (Meketa), a global investment consulting and advisory firm, has joined CEO Action for Diversity & Inclusion. Meketa joins more than 1,000 CEOs who, through this initiative, have committed to advancing diversity and inclusion in the workplace.
The City of London Corporation has commissioned MyKindaFuture, an HR tech company specialising in underrepresented talent, as one of three key Delivery Partners to support its new task force dedicated to improving socio-economic diversity at senior levels in financial and professional services across the UK.
Diversity and inclusion have become a priority for institutional investors in the UK, two thirds of which say their firms are excluding companies from their investment portfolios if they fail to meet certain thresholds.