Black Banking Executives on How to Sustain Post Floyd Changes

Leaders in finance industry reflect on year after Floyd murder
‘We just won’t be patient,’ senior Black bankers say

Carla Harris, Morgan Stanley Vice Chairman and Managing Director, says the financial industry understands why it has to become more diverse following a year of reckoning on equality -- the impediment to progress is the ‘how’. She appears on the Bloomberg special “Money and Equality.” (Source: Bloomberg)

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By Sonali Basak and Romaine Bostick

May 7, 2021 at 8:35 AM EDT

Updated on

May 7, 2021 at 10:15 AM EDT

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The finance industry can point to tangible progress for Black workers since the Black Lives Matter protests last year. But change isn’t coming fast enough, a half dozen executives said during Bloomberg Television’s “Money and Equality” special report on Friday.

“Generations who are coming into the workforce today are way less tolerant and accepting of ‘It’s going to take time.’ How about now? How about now? And if not, why not?,” said Edith Cooper a longtime Goldman Sachs Group Inc. executive who left the firm in 2017. “That’s the sentiment that we’re all feeling. I’m excited by that. It means that we just won’t be patient.”

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