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-Bank of America Takes Steps to Increase Representation of Diverse Asset Managers Across the Industry

Sep 03, 2020 - ENP Newswire
Financial Results

Adds Diversity Analysis Into Review and Selection of Asset Managers on Its Investment Platform.

Bank of America today announced that the Chief Investment Office (CIO) has introduced initiatives to promote the representation of women and people of color among asset managers on its wealth management platform and across the industry. Multiple studies reflect the potential for strong investment results by diverse teams.1 In light of this, the CIO is now incorporating diversity analysis into th...