Diversity
Schroders, RLAM set to pressure boards over axed diversity pledges
Fund giants could vote against executives who have rolled back their DEI promises
4 min read
FCA scraps plans for diversity and inclusion rules
Regulator’s U-turn comes as companies shift their stance on DEI
3 min read
Schroders boss promises senior hires and M&A for wealth play
Catch up on the top news in wealth management this week
4 min read
Boutique investment banks cut ‘diversity’ from reports amid US backlash
Elite boutiques including Evercore, Moelis and PJT Partners have removed ‘DEI’ or diversity references from annual reports as US president Trump pushes back
3 min read
FCA calls banks and insurers in latest harassment crackdown
Watchdog wants to know more after a landmark survey into non-financial misconduct
3 min read
Diversity ranking shows gap between US and European firms as political pressure bites
The effect of the roll back of diversity initiatives is likely to become more prominent, according to Equality Group
3 min read
Helena Morrissey: DEI schemes helped fuel backlash
The Diversity Project chair says some initiatives were exclusionary and prioritised identity over merit
3 min read
‘It’s a reckoning’: City women fear being sidelined by DEI cuts
Some finance firms have promised they won’t give up diversity initiatives. But senior women are anxious about employers shifting their stance on DEI
7 min read
BlackRock scraps DEI goals, creates ‘talent and culture’ group
The $11.6tn asset manager joins growing list of US financial services giants that have rolled back on DEI targets
3 min read
Top UK banks show slow progress on improving gender pay gap
UK investment banks have closed the gender pay gap slightly, but big bonuses means change is slow
2 min read
WhatsUp, boss: February’s diary
FN tours the lighter side of the City
3 min read
Goldman Sachs erases diversity targets from annual filing
Wall Street bank joins rivals in diluting DEI policies
Barclays, Rathbones, Jupiter lag FTSE peers on women’s leadership roles
Only 11 London-listed banks and asset managers had executive committees that had 40% or more of women on them
Coming soon: Black leaders in finance tell their stories
Find out more about FN’s new list of top Black executives in financial and professional services
‘Salomon Sister’ Anne Clarke Wolff: Diversity is worse now than in the 1990s
The investment bank created to shake-up the stale, male world of dealmaking is facing a shifting political environment pushing back against diversity
Citigroup scraps diversity targets as Trump pressure grows on US firms
The US bank said it will ‘no longer have aspirational representation goals’ and has rebranded its diversity, equity and inclusion team
3 min read
Barclays CEO says diversity commitment ‘unwavering’ amid pressure from US government
Large investment banks have so far resisted pressure to dial back on diversity targets
2 min read
Goldman Sachs axes IPO diversity pledge
Corporate DE&I policies have come under pressure following Donald Trump’s return to the White House
1 min read
DWS whistleblower: Diversity has ‘brainwashed’ UK executives
Desiree Fixler, who sits on the Financial Conduct Authority’s ESG advisory committee, says financial pressure will force firms to revisit policies
3 min read
Accenture axes diversity and inclusion goals
The move comes as DEI initiatives in the City continue to be scaled down
1 min read
