An intensive scare for the industry: Admitting to painful truths about racial inequality a big step towards healing it

Why there is no quick fix to improve diversity

This past year has seen a huge transformation in how the asset management industry discusses racial diversity in the workplace.

It is refreshing, and a relief, to see such a rapid progression, with reams of asset management firms - including the likes of Aegon, Federated Hermes and J.P. Morgan Asset & Wealth Management - hiring heads of inclusion and diversity. Several initiatives have also been launched in recent months in a push to raise awareness and tackle racial inequality, such as reboot., #10000BlackInterns and City Hive's second cohort for its mentorship programme. In order to facilitate change, however, we must obtain the hard facts behind the anecdotal evidence in order to set tangible targets and, s...