“Minority representation at entry-level and mid-level positions in financial services has been increasing slightly and stands at 20.4%, but has remained stagnant at the executive level.” [pullquote]The financial services industry is moving too slowly in recruiting and retaining women and minorities[/pullquote]
This comes from Donna Milrod, chief administrative officer at the Depository Trust & Clearing Corporation, a clearing and settlement company.
“The number of women in the industry has declined on the whole, and 17% of Fortune 500 companies have no diversity on their boards,” Milrod noted.
Further support for this issue came Thursday when FINRA chief executive Rlichard Ketchum, speaking at the Securities Industry and Financial Markets Association’s annual diversity conference, said
“The financial services industry is moving too slowly in recruiting and retaining women and minorities, particularly at the executive level, and it needs to hold itself accountable.”