A Better Path to Boosting Diversity in Financial Services

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In many ways, the racial awakenings of 2020 opened the eyes of banking executives and their boards to a reality that diverse employees have known and experienced for decades: Getting to the C-suite is tougher for women and underrepresented minorities throughout financial services than for their white and male counterparts, according the report by Russell Reynolds Associates’ Robert Voth, Fawad Bajwa and Art Hopkins. The authors say that a recent search for a chief risk officer at a Fortune 100 diversified financial services company is a prime example.

“Extensive research identified hundreds of potential executives within risk, compliance and ancillary

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