Investment Week | Board gender parity delayed to 2059 at current pace
22nd February 2018 46 seconds read
Green Park CEO Raj Tulsiani has called for the Financial Services Sector to do more to ensure that its leadership reflects the diversity of its customer base.
This follows Lloyds Banking Group’s public pledge to increase the bank’s representation of Black, Asian and Minority Ethnic (BAME) senior managers to 8% by 2020. Raj Tulsiani praised the bank but also questioned how it will deliver on this promise.
Green Park’s Leadership 10,000 (2017) research into BAME representation in the financial services industry indicates the leadership pipeline may not be sufficiently populated to hit this target. Therefore, a more diverse supply chain maybe required.
“Banks need to act now to expand their internal and external talent pools to develop the leaders of the future. Otherwise they will be competing for the same limited group of candidates, which fuels high levels of group think and does very little to change the diversity and inclusion narrative into actual trust in them as institutions,” said Raj Tulsiani.
This article was published by Recruiter on the 21st of February 2017. To read the full Recruiter article, click here.