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unconscious bias

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How do we tackle unconscious bias against PoC in the finance sector?

There are believed to be no more than 12 black portfolio managers in the entire UK investment management industry, according to a 2018 study by New Financial (1). The lack of people of colour in the finance industry is still at a staggering low, especially at manager or higher positions, although 118 directors in the FTSE 100 are from an ethnic minority – defined as those who “identify as or have evident heritage from African, Asian, Middle Eastern, Central and South American regions” – up from 92 in 2020 (2). This may look like the numbers are on the rise, however it is still significantly lower than the number of white people in the same position. 

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