The securities industry continues to make workforce diversity a priority, according to the Securities Industry and Financial Markets Association’s (SIFMA) 2007 Report on U.S. Workforce Diversity and Organizational Practices. The report found that the percentage of white men in the industry has decreased from 53% in 2003 to 45% in 2007, while the presence of women (white, women of color, and unknown) increased from 37% in 2003 to 43% in 2007. Women of color increased from 8% in 2003 to 11% in 2007, and the percentage of men of color increased from 10% to 11%.
“SIFMA members have made inroads in leveraging diverse talent and instituting practices and programs that support inclusive organizational cultures,” said Jyoti Chopra, SIFMA’s Diversity Committee chair and managing director, Global Wealth Management Americas at Merrill Lynch, in a statement.