Cuts, home working curb diversity push, UK finance executives say

LONDON, Sept 27 - Layoffs, working from home and misguided tips on how to get ahead are hindering moves by financial firms on inclusion and diversity, British industry executives said on Wednesday.

Mitra Janes, global head of diversity and inclusion for investment banking at HSBC said the shift to working from home that began during the COVID-19 pandemic had led to fewer ad hoc in-person interactions between people of different backgrounds and ethnicity that helped challenge stereotypes and biases.

Since the pandemic, banks, insurers and asset managers have adopted differing policies on specifying the minimum number of days that employees should spend back in the office environment. "For younger persons, there is tremendous importance to networking in the office. You don't learn unless you are in there and seeing the managers," he said, adding that Fidelity International supports a hybrid working from home model.

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