Black Women in Asset Management calls on industry to build anti-racist portfolios and tackle discrimination
The investment industry is being urged to promote more black women and build anti-racist investment portfolios in order to tackle systemic discrimination in the sector. Less than 1% of investment managers are black.
Black Women in Asset Management (BWAM) – a group of 300 industry professionals in England and Wales – has written to investment firms asking them to go beyond “solidarity statements” with the black community, following Black Lives Matter protests sparked by police violence and the killing of George Floyd in the US in May.
