City of London CEOs Promise Diversity, Deliver Entry-Level Roles

The video discusses the lack of Black representation in senior roles within the UK investment management industry, despite the Black population in London. It highlights current initiatives like the 100 Black Interns program and mentoring schemes. Critics argue that while these are good starts, more coordinated efforts and data collection are needed. They emphasize the importance of setting clear goals and maintaining momentum from movements like Black Lives Matter to ensure long-term change.

What percentage of investment managers in the UK are black, according to the transcript?

• 20%

• 5%

• Less than 1%

• 13%

What is the goal of the 100 Black Interns program?

• To create 100 new companies led by black entrepreneurs

• To provide internships to at least 100 black students

• To hire 100 black senior executives

• To train 100 black professionals in asset management

Which companies have signed up for the 100 Black Interns program?

• Barclays and Lloyds

• JP Morgan and HSBC

• Black Rock and PIMCO

• Goldman Sachs and Morgan Stanley

What do critics suggest is necessary for improving diversity in senior roles?

• More public awareness campaigns

• Mandatory diversity quotas

• Increased funding for diversity programs

• More recruitment at higher levels and better data collection

Why is it important for firms to set clear public goals regarding diversity?

• To prevent backtracking on diversity commitments

• To increase their market share

• To ensure they receive government funding

• To attract more investors