Racial equity is a critical topic for the asset management industry with a renewed sense of urgency sparked by the death of George Floyd in Minneapolis earlier this year and the events that followed. The industry has acknowledged a shared responsibility to address inequity, as well as its impact to employees, investors, and the communities in which they operate. There is an acute need for asset managers and financial services firms to collaboratively develop best practices that can be onboarded, tracked, and measured.
Member firms of the Diversity Project North America participated in a Round Table on Advancing Racial Equity in Asset Management in October 2020. Forum attendees were C-suite business leaders representing a large array of firms in terms of size and business function.
They were invited to share open thoughts and authentic dialogue around advancing racial equity in the global asset management industry during a virtual, face-to-face discussion. Turning “learnings” into leadership was a key focus for Round Table participants. With reflection upon the social unrest that the nation has experienced over the past several months, the group shared examples of policies and programs initiated in direct response to the current landscape in the United States and around the world.
An executive summary report can be found here. We welcome your feedback and insights on this critical issue at [email protected].
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