Black Finance Workers in London Face ‘Dire’ Prospects Despite CEO Pledges
- There are zero Black CEOs at any of the major U.K. lenders
- Bank chiefs pledge to improve diversity of senior management
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One after another, the heads of the largest U.K. banks have made a flurry of public statements in recent weeks, pledging to improve the representation of Black men and women among senior management.
HSBC Holdings Plc Chief Executive Officer Noel Quinn vowed in a staff memo to double the number of Black staff in senior roles by 2025. Lloyds Banking Group’s Antonio Horta-Osorio issued a “Race Action” plan. Barclays Plc CEO Jes Staley told Bloomberg Television that “we need to move away from statements and get into constructive measures going forwards.” The next day, Bill Winters went on air to say that Standard Chartered Plc needed to boost the diversity of senior management.