Black on Wall Street: Slow progress in building the numbers | Malay Mail

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NEW YORK, Dec 21 — In a more than two-decade run in finance across five countries, Troy Prince came across just one other Black person on a trading desk. In 2018, he founded Wall Street Bound because “after 20-plus years, I felt something has to be done, because it’s not changing,” Prince...

The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York City, New York, US, March 9, 2020. ― Reuters pic

In 2018, he founded Wall Street Bound because “after 20-plus years, I felt something has to be done, because it’s not changing,” Prince said in an interview. Prince says he knows of no instances where he was denied professional opportunities because of his race, while acknowledging that he would “not ever really know” for sure.

Earlier this year, the head of Wells Fargo raised hackles when he pointed to a lack of available Black talent as a factor in the bank’s slow progress on diversity. Large companies have redoubled efforts to promote and retain non-white executives and rethink their hiring practices.

 

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