BlackRock and Vanguard Among Firms Democrats Ask About Diversity
- Maxine Waters seeks data on asset managers’ hiring practices
- She says industry has failed to prioritize diverse workforce
Maxine Waters
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
House Financial Services Committee Chairwoman Maxine Waters wants BlackRock Inc., Vanguard Group Inc. and other big asset managers to turn over data on their firms’ hiring of women and minorities, expanding on a similar request she previously made to Wall Street banks.
Waters and fellow Democrat Representative Joyce Beatty sought the information from the 31 largest U.S. investment firms, all of which manage at least $400 billion, according to a statement from the committee Thursday. In addition to BlackRock and Vanguard, State Street Corp. and Fidelity Investments Inc. were also among companies that received the request.