Delivering diverse slate of candidates becomes expectation in money management

Photo: Georgie Clarke
Russell Reynolds’ Meredith Coburn said all of the firm’s clients are focused on diversity, equity and inclusion and want candidates who reflect that.
Executive recruiting firms are playing an increasingly key role in making money managers more diverse and inclusive organizations.
Most executive recruiters with whom
Pensions & Investments spoke said that more money management clients are insisting on a diverse shortlist of candidates — mostly from a gender point of view — and this demand has grown over the past few years.
But while more money management clients are requiring a more diverse shortlist, few are dictating quotas on the headhunting firms.

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