HSBC aims to double number of senior Black staff by 2025 - memo
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HSBC aims to double number of senior Black staff by 2025 - memo

World+Biz

Reuters
27 July, 2020, 10:20 pm
Last modified: 27 July, 2020, 10:22 pm

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HSBC aims to double number of senior Black staff by 2025 - memo

Black employees at the bank have said in internal meetings that they have felt overlooked for career opportunities and "uninspired by the lack of senior role models"

Reuters
27 July, 2020, 10:20 pm
Last modified: 27 July, 2020, 10:22 pm
File Photo: Reuters
File Photo: Reuters

HSBC aims to double the number of Black staff in senior roles by 2025, Chief Executive Noel Quinn said in an internal memo, as the bank attempts to take action against discrimination and create opportunities for advancement in the wake of the wider Black Lives Matter movement.

Black employees at the bank have said in internal meetings that they have felt overlooked for career opportunities and "uninspired by the lack of senior role models", Quinn said in a memo to all staff seen by Reuters on Monday.

A spokeswoman for HSBC confirmed the contents of the memo.

The bank did not say what proportion of senior employees are Black at the moment.

HSBC / Black Lives Matter

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