Portfolio Adviser
A benchmark study from the Diversity Project has found that racial diversity remains one of the biggest issues facing the asset management industry.
A massive 83% of those surveyed were of white origin, while a paltry 2% identified as Black, African, Caribbean or Black British. Just 9% identified as Asian or Asian British. And only 4% of respondents reported as having one or more disabilities, compared with the 11% of the general population. Far from dispelling the myth of the investment industry as an “old boys’ club”, the landmark study reinforced that the current sector is male dominated, majority white and favours individuals between 31 and 50. The study conducted by Mercer on behalf of the Project, surveyed more than 3,755 individuals from 24 firms, with assets under management in the UK totalling £2.2trn….
Most recently, in association with The Buy-Side Club, the Project launched a “Returners Database” on Monday, a portal which provides the tools for individuals who have taken an extended career break and are keen to return to the investment industry….
Read the full article here