Diversity and Inclusion in Asset Management: Structural Barriers and Investor Impact (Part Two of Two)

In 2020, the coronavirus pandemic and social unrest served to highlight persistent and pervasive social and economic injustice. For example, a lack of diversity and inclusion (D&I) has long been an issue for the predominantly white and male investment management industry. At the Clifford Chance Global Funds Conference 2021, one panel examined the state of D&I in the industry. Fionnuala Oomen, head of strategy and delivery in Clifford Chance’s London private funds group, moderated the discussion, which featured Leana Coopoosamy, inclusion, diversity and wellbeing specialist at Clifford Chance; Alice Jefferis, senior associate at Clifford Chance; Adebanke Adeyemo, GC at Vantage Infrastructure; Justin Onuekwusi, fund manager at Legal & General Investment Management; and Karis Stander, managing director of Investment20/20. This second article in a two-part series covers the panel’s discussion of the structural barriers to D&I, strategies for overcoming those barriers and the impact of investors on D&I. The first article explored key challenges with fostering D&I and the impact of the events of 2020. See “FCA Executive Director Emphasizes Need for Fund Managers to Promote Diversity” (Jan. 24, 2019).

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