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Asian Americans in Finance Say Racism Leads to ‘Bamboo Ceiling’

  • Bias limits advancement for Asian investment professionals
  • Industry survey shows struggle to gain senior and C-suite jobs
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Source: Getty Images

Asian Americans and Pacific Islanders in finance face structural racism that stymies career advancement, a recent survey found.

Nine out of 10 respondents said prejudice excludes them from consideration for senior or executive-level positions -- a challenge some call hitting the “bamboo ceiling,” according to a report by the Association of Asian American Investment Managers.