Open Letter to the Asset Management Community

From Black Women in Asset Management. ‘As Black women professionals in the asset management industry, we call on investment firms and institutional investors in our industry to go beyond solidarity statements and instead commit to action, activism, and accountability to dismantle the racial inequities plaguing society. It is the responsibility of all of us to drive change…

‘Our industry must come together and put purpose and values into action. We all know it makes good business sense. Closing the racial wealth gap in the US alone would create an additional $1 trillion in earnings and add $8 trillion to GDP.  In the UK, equal participation and progression across ethnicities would add £24 billion per year to the British economy.  The impacts of bias and systemic racism in the private and public sector continues to leave money on the table.’