Race & Ethnicity
In financial services, the data that is available on race and ethnicity illustrates the multifaceted challenges both in terms of representation and inclusion.
According to research from the Diversity Project, which includes representatives from Bruin on the steering committee, less than 3% of investment managers are black, and the Bank of England recently revealed that the turnover rate of declared BAME colleagues is higher than that of the Bank as a whole.
Analysis also shows that elite universities - such as the Russell Group which are the most commonly requested academic criteria for role requirements in financial services - do not have proportionate BAME representation. This highlights that as well as transparent approaches to progression, criteria for diverse recruitment and talent pipelining need to be better implemented, which remove the potential for unconscious or implicit bias.
Latest Insights

The Implications of Automation on Employment: Ensuring Diversity and Equal Opportunities in the Age of Artificial Intelligence.
The introduction of artificial intelligence (AI) holds great potential for enhancing productivity, creating new employment opportunities, and elevating overall living standards throughout society. However, a crucial concern arises regarding the...

ESG hiring slows after ‘explosive’ war for talent
The fierce battle between asset managers for ESG talent that has played out over the past three years is abating, with recruiters pointing to the worsening economic landscape and a...

Happy Pride Month from James Williams 🌈
As Pride Month unfolds, I want to take a moment to express my deep appreciation for Bruin and the significance of this month for me as a gay, Black man....

Juneteenth and the fight for racial justice
Two years ago President Joe Biden signed the Juneteenth National Independence Day Act, which establishes a holiday that commemorates the end of slavery in the US. So what is Juneteenth...

Anti-racism resources
“Every voice raised against racism chips away at its power. We can't afford to stay silent.” ― Reni Eddo-Lodge Racism is a historical, deep-rooted problem that affects all areas of...

What are UK FS firms doing to encourage women to come back to work after maternity leave?
Studies have shown that 27.8% of women are in full-time work or self-employed three years after childbirth, compared to 90% of new fathers. While 26% of men have been promoted...