Awards for Excellence 2016
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Also shortlisted: |
Lloyds Banking Group |
There are very few banks where one can say diversity and inclusion (D&I) are embedded within the business. To make it a reality, that ethos needs to come from the most senior management. At Bank of America Merrill Lynch, chief executive Brian Moynihan chairs the global diversity and inclusion council that sets goals and practices, and he attends every meeting.
That level of C-suite engagement shows, and this year BAML wins Euromoney’s inaugural award for the world’s best bank for diversity.
In gender diversity, the bank is unrivalled. Some 52% of its global workforce are women, and representation by women on the executive board is 38% – more than double that of the average board among other Fortune 500 companies. This year marks the third year of its global women’s conference, which brings together 300 of its top female leaders from around the world, while it also has a women’s leadership programme for mid-level managers.