Why the finance industry’s diversity efforts have failed

By Bloomberg News
Published 7 Min Read

Decades of initiatives to increase diversity within the finance industry have produced limited results. None of the major U.S. banks have ever had a woman chief executive officer. Women and people of color are still underrepresented throughout the asset management industry. So we went around the world asking for advice on what needs to be done.

Monica Hsiao
Founder
Triada Capital in Hong Kong
There’s still a boys-club mentality and network that’s alive and well, even today. This doesn’t stop women from advancing, but there’s no natural propellant to enable women to compete on the same footing either.

Bloomberg News

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