UBS Group AG said on Monday that 38% of its employees in the Americas at the end...
NEW YORK - UBS Group AG said on Monday that 38% of its employees in the Americas at the end of last year were women and 25% were people of color, adding that it aims to increase the diversity of its workforce.
“Where we see breakage in the pipelines is roughly around the director level,” UBS Americas President Tom Naratil said in an interview. “That is where the pyramid starts to narrow.” UBS’ disclosures come as banks and other large corporations come under pressure from governments and investors to employ more diverse staff, particularly at senior levels.
The UBS report listed initiatives the bank has undertaken over the past few years to improve diversity, such as requiring external recruiting agencies to deliver multiple diverse candidates for open roles.
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