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Banks increase diversity

FTSE 100 banking and financial institution boards have increased their gender and ethnic diversity, according to a new study from Green Park.

The finance sector has faced a lot of criticism for its lack of diversity. But this latest study shows that the leadership pipeline, supplying the highest tier of management in FTSE 100 banking and finance companies, now includes 15% of professionals with a non-white background, compared to 5% for FTSE 100 companies overall, and 6.5% in 2014.

Although these figures are tempered somewhat by the minimal rise in the number of non-white members on the boards from 8.3% (31 people) in 2014 to 8.8% (33 people).