Building diverse cultures a work in progress
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Despite efforts by investment managers and other financial services firms to improve diversity, the industry still is not where it needs to be.
Executives no longer need to explain the thesis behind creating diverse teams particularly in terms of bringing cognitive diversity to investment but statistics show more work needs to be done, panelists said on a roundtable discussion among senior women in the finance industry, organized by
Pensions & Investments.
Research by the CFA Institute, which has dedicated resources to the topic of gender diversity, shows that female representation among positions at the core of the investment management industry CEO, CIO, portfolio managers and research analysts hovers at 15% and below. And so we still have a long way to go on that, said Margaret Franklin, Toronto-based president and CEO of the institute.
Former J.P. Morgan global diversity head moves to MSCI
Tia Counts
Tia Counts was named chief diversity officer at MSCI, the provider of stock market indexes and multiasset portfolio analytics said Tuesday in a news release.
The position is new.
Effective May 17, Ms. Counts will be responsible for ensuring that MSCI s diversity, equity and inclusion goals are being met and implemented throughout the company. She will be based in London and report to
Scott Crum, chief human resources officer.
Ms. Counts was global head of diversity and inclusion at J.P. Morgan Asset & Wealth Management. She was replaced by
J.P. Morgan chooses new global head of diversity and inclusion
Lily Burkhart
Lily Burkhart was named global head of diversity and inclusion at J.P. Morgan Asset Management, effective immediately, a company spokeswoman said.
She replaced
Tia Counts in the role, who left the firm for an outside opportunity.
Ms. Burkhart will work with senior leaders to ensure diverse representation within the firm s teams and create an inclusive environment. She is based in New York and reports to
Alicia Dee, head of the asset and wealth management talent institute, and
Lucida Plummer, global head of employee diversity and inclusion for J.P. Morgan Chase.