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City of London CEOs Promise Diversity, Deliver Entry-Level Roles

  • Many campaigns emerge to boost Black talent at finance firms
  • Gina Miller encourages firms to look at themselves for change

For all the placating noises from U.K. finance industry chieftains, a truly diverse workforce in the sector may be years -- if not decades -- in the making.

In the wake of the Black Lives Matter protests this year, executives in the industry fell over each other to promise a more representative staff. Much of what they’ve done so far, however, is to sign up Black people for intern and entry-level roles rather than devise plans for diversity across the business, including at senior levels. That has critics suggesting the industry is just ticking boxes and trying to achieve diversity on the cheap.