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Clockwise from top left: Jolen Anderson, Grace Chionuma, Derek Ellington, Jason Bond, Deji Davies, Dan Freckleton, Timicka Anderson 

Clockwise from top left: Jolen Anderson, Grace Chionuma, Derek Ellington, Jason Bond, Deji Davies, Dan Freckleton, Timicka Anderson 

Photos: AJ Kane/BNY Mellon, Morgan Stanley, Wells Fargo, Bank of America, JPMorgan, Mark McQueen/Goldman Sachs, Citi

Equality
Corporate Leadership

‘People Who Look Like Me’: Black Bankers Fight to Change Finance

Two years after the industry vowed to become more diverse, there are signs of improvement—and more work to be done.

In the two years since the murder of George Floyd, banking giants have touted intern classes and promotions with more Black people than in the past and unveiled a slew of programs aimed at making their workforces look more like the countries they serve.

Still, management at the biggest Wall Street firms remains mostly White, with Black senior bankers representing less than 10% of overall leadership, according to the latest figures. And high-profile departures in firms’ top ranks mean that employees lower on the ladder have fewer examples of what a Black banker’s career trajectory looks like.