Thousands sign petition by former BlackRock employee Essma Bengabsia - Business Insider

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Thousands sign online petition created by former BlackRock employee calling on the firm to address discrimination allegations

created earlier this week by a former BlackRock employee who called on the asset manager to broadly address allegations of racism and discrimination against the firm after a post on her experience prompted an outcry online and the firm to send a memo to employees addressing the situation.

A spokesperson for BlackRock said in a statement that the firm investigated, but did not find that Bengabsia had been the subject of discrimination or harassment. "They are uncomfortable to read or hear about — and we know some of you may be wondering what to make of them. The behavior as described in these reports is not what BlackRock stands for. It is not who we are," he said. The petition calls on BlackRock to take action against what Bengabsia alleged were"discriminatory practices" through four demands.

Bengabsia worked at BlackRock from July 2018 to May 2019 as a product strategy analyst. In summer 2017, she worked at the firm as an intern in a program for students of diverse backgrounds. Bengabsia, who quit in 2019, now works in sustainable investing but declined to name her current firm because of an agreement with her employer.

 

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The FDICgov selected and awarded a contract to blackrock for a Mission-Driven Bank Fund. The contract has a total award amount of $325,000, a firm-fixed price, and a term through March 1, 2021.

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