JPMorgan has increased the number of Black employees in its UK operations by 45% over the past year, as investment banks look to bolster ethnic diversity in the wake of a revived Black Lives Matter movement.

Increasing the number of Black employees in high-paying frontline jobs at JPMorgan is a key focus of its diversity efforts in Europe, according to Cecil Peters who was promoted to lead the bank's diversity, equity and inclusion team in Europe, the Middle East and Africa in March.