Their excuses are not new and are laden with long-standing, unfounded biases against diverse-owned asset managers who perform as well or better than their White-owned counterparts.
Maxine Waters
The Public Record
Maxine Moore Waters is an American politician serving as the U.S. Representative for California's 43rd congressional district since 2013. A member of the Democratic Party, she previously represented California's 35th congressional district from 1991 to 2013. Waters is known for her outspoken views on various issues, including economic justice, civil rights, and government accountability. Throughout her career, she has been a strong advocate for policies aimed at addressing systemic inequalities and has played a significant role in discussions surrounding healthcare and financial reform.
In addition to having an abysmal record of diversity within their investment firms, they have also not made it a priority to do business with diverse-owned asset managers.
Today, we are continuing to hold the financial services industry accountable for diversity and inclusion.
I will introduce the Diversity and Inclusion Data Accountability and Transparency Act.