Beautiful Virgin Islands

Tuesday, Jun 03, 2025

One of world's largest investment firms will need permission to hire White men

One of world's largest investment firms will need permission to hire White men

State Street Global Advisors previously commissioned the 'Fearless Girl Statue' that stared down Wall Street’s 'Charging Bull' sculpture

Leaders at one of the largest investment firms in the world, State Street Global Advisors, will need to ask permission to hire White men as it rolls out a diversity hiring initiative.

"This is now front and central for State Street — it’s on every senior executive’s scorecard," said Jess McNicholas, the bank’s head of inclusion, diversity and corporate citizenship in London, according to the Sunday Times.

"All of our leaders have to demonstrate at their annual appraisals what they have done to improve female representation and the number of colleagues from ethnic-minority backgrounds."

The company aims to triple the number of Black, Asian and other minority staff in senior positions by 2023, the Sunday Times reported. If executives don’t meet the target, they will face lowered bonuses.

Recruiters will now have to establish panels of four or five employees, including a woman and a person with a minority background, when hiring middle management staff.

The firm will still hire White men, McNicholas said, but recruiters are required to show that women and minority applicants were interviewed by the panels.

The company is pledging to "hold ourselves accountable for strengthening black and Latinx owned businesses."

The 'Fearless Girl' statue which stands in front of Wall Street's charging bull statue is seen in New York, U.S., March 15, 2017.


State Street Corporation is based out of Boston and founded in 1792. It currently has just nearly 40,000 employees over 30 offices worldwide.

A man walks his dog past the Fearless Girl statue outside the New York Stock Exchange, Tuesday, Oct. 5, 2021, in New York. Stocks are drifting mostly lower in early trading on Wall Street as investors look ahead to another big week of earnings report (Associated Press)


State Street previously made headlines in 2017 when it commissioned the statue of a girl staring down Wall Street’s "Charging Bull" sculpture for International Women’s Day. The sculpture, known as the "Fearless Girl Statue," was later moved to the New York Stock Exchange building after complaints from the sculptor of the Charging Bull.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×