Ethnic diversity in the workforce has become an increasingly important factor for winning business for asset managers, according to a study by Reboot.
Around 21% of respondents to the global study said a lack of diversity in their companies could lose them new business. Reboot found this to be the second highest percentage globally, only behind the US, while a third claimed they did not know if a lack of ethnic diversity was hindering business growth – three times higher than any other international market. The push for greater diversity is also coming from institutional investors, Reboot found, as more than half (53.3%) claimed they valued the ethnic breakdown of a company when selecting a vendor or fund manager, while nearly 60% b...
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