Transformation and diversity in the R6 trillion asset management industry.
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GUEST – Ola Leepile, CEO of Novare Holdings
The recent decision by the UK Financial Conduct Authority (FCA) to retract mandatory Diversity, Equity, and Inclusion (DEI) regulations has sent shockwaves through the global financial markets. This is in step with US firms who ditched their DEI policies in the wake of the Trump presidency. In February, Goldman Sachs and Deloitte announced the withdrawal of their DEI policies, following in the steps of Meta and Google.
Both the US and UK are SA’s biggest trading partners. Could this signal a broader shift away from transformation, as evidenced by anti-transformation voices from certain quarters of SA? What impact this will have on SA’s asset management industry?
The recent decision by the UK Financial Conduct Authority (FCA) to retract mandatory Diversity, Equity, and Inclusion (DEI) regulations has sent shockwaves through the global financial markets. This is in step with US firms who ditched their DEI policies in the wake of the Trump presidency. In February, Goldman Sachs and Deloitte announced the withdrawal of their DEI policies, following in the steps of Meta and Google.
Both the US and UK are SA’s biggest trading partners. Could this signal a broader shift away from transformation, as evidenced by anti-transformation voices from certain quarters of SA? What impact this will have on SA’s asset management industry?