Jan 26 (Reuters) – Financial institution of America Corp (BAC.N) has promoted 360 workers to managing administrators, with greater than 50% of them representing girls and other people of coloration, a supply acquainted with the matter instructed Reuters on Thursday.
Wall Avenue companies have more and more sought to fill positions with candidates from numerous backgrounds for the reason that dying of George Floyd, a Black man, in 2020 fueled international protests and discussions on racism.
Monetary sector corporations have lengthy been accused of withholding senior positions to folks of sure backgrounds.
Final week, Morgan Stanley (MS.N) promoted 184 executives to managing director roles with concentrate on range, whereas Goldman Sachs Group Inc (GS.N) promoted 80 bankers to elite accomplice rank in November.
Earlier this month, BofA reported a bigger-than-expected fourth-quarter revenue, as rising charges boosted the lender’s curiosity earnings.
Reporting by Manya Saini in Bengaluru and Lananh Nguyen in New York; Enhancing by Shweta Agarwal
: .