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CFA Institute Launches DEI Code For UK Investment Industry

Advocates of such initiatives say that there is a need to change the wealth management sector and make it more diverse and open to different perspectives.
The CFA
Institute, the global association of investment
professionals, has launched the UK edition of its voluntary
diversity, equity, and inclusion code for the investment
profession, following rollouts of the code in the US and
Canada.
Signatory firms commit to six metrics-based principles designed
to include more viewpoints in firms, improve the working
environment and raise investment outcomes, the CFA said.
The kind of causes that the CFA supports can show how a topic
enters the wealth management conversation. The CFA has also made
moves in areas such as ESG investing, and the impact of AI, for
example.
“CFA Institute is seeking to build a more representative and
resilient industry, and we recognise that far more needs to be
done across all aspects of DEI,” Margaret Franklin, CFA,
president and chief executive, said.
The six principles of the new code are expanding the diverse
talent pipeline; designing, implementing, and maintaining
inclusive and equitable hiring and onboarding practices;
designing, implementing, and maintaining inclusive and equitable
promotion and retention practices to reduce barriers to progress;
using firms’ positions and voices to promote DEI and improve DEI
outcomes in the investment industry; using firms’ roles to
promote and boost measurable DEI results in the
industry; and measuring progress.