How asset owners can better foster ethnic diversity

Asia Pacific companies are lagging behind their global peers in racial equity, and they need to work harder in 2021 and beyond to ensure that their workforce reflects the diversity in society, argue institutional executives and industry experts. While evidence has shown that racial equity is correlated with better business outcomes, aside from a few institutions the financial services sector lacks diversity, most acutely at senior levels. The need to become more diverse in perso…