Black senior members of the asset management industry have urged colleagues and employers to start unpacking the BAME (black, Asian and minority ethnic) acronym, place more emphasis on race equality in their diversity & inclusion policies and to be more active in standing against workplace and societal racism, warning that "every single one of us is either part of the solution or part of the problem".
The best way to achieve a greater understanding, according to Hall, is for all members of asset management firms to immerse themselves in black culture.
"Black colleagues have to understand that we can be our whole self, keep our full identity, and still thrive in the workplace," she said.
"Everybody, regardless of what race they are, needs to ask themselves tough questions around racism and to try and understand the system.
"By not doing so, you are missing a whole part of society - a group of people who are hurting as a result of it."
Onuekwusi said many firms adopt a "colourblind" policy, which erases part of the identity of black colleagues and can end up masking any race-related issues in the company.
"If you don't see race, then you are not seeing somebody's identity and that linked experience. So challenging that colourblind concept is really important.
"In practical terms, a lot of businesses do not have black people employed at senior levels," he said.
"When it comes to putting policy together, those black people and minorities are not at the table, and we need to see colour to recognise that.
"You can do surveys, you can do workshops, but the only way to really make a change is for people to make tangible recommendations directly to the executive.
"So forming task forces of different ethnicities to try and formulate policy which will go directly to the executive, I think is really powerful.
"Take it out of the HR function of the business and have the recommendations actually given by the business."
Konotey-Ahulu said addressing these issues is not a case of "the black community versus the privileged white community, or comparing Asian statistics with black statistics".
"This is asking for help," he said. "Not because we don't have our own ideas and not because we don't have areas we need to work on, but because it is impossible to change these things by ourselves.
"If everyone joins hands and comes alongside us, then we can change the system. And we can improve ourselves. Every single one of us is either part of the problem or part of the solution - there is no safe middle ground where you can just sit and watch us, where you can do nothing.
"Ask yourself: What am I? Am I going to embrace this moment? Will I use this time in history to step forward and make a difference?
"It doesn't mean you have to do something momentous, but you do have to take a stand."