Citigroup Boosts Diversity Targets After Surpassing Earlier Goals
- Bank is one of the few to give detailed data on diversity gaps
- CEO Jane Fraser calls the effort a long-term strategy
Jane Fraser
Photographer: Lauren Justice/BloombergThis article is for subscribers only.
Citigroup Inc. is raising its targets for improving the diversity of its executive ranks after surpassing an earlier goal.
By 2025, the Wall Street giant hopes to increase the percentage of Black employees in roles from assistant vice president to managing director to 11.5% in the US, Puerto Rico and Canada after it surpassed an 8% target for the US last year. Globally, it aims to increase the share of women in those roles to 43.5%, up from 40.6% at the end of last year.