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Banks in the black at top - and rising


For the first time, African middle managers outnumber white middle managers in the banking industry
02 May 2021 - 00:09 By HILARY JOFFE
Just as the departures of two black bank CEOs have raised concerns about transformation in the sector, a new study has shown that black people account for an ever higher proportion of the industry s top executives - and that it has a strong pipeline of black professionals rising through the ranks.
For the first time, African middle managers outnumber white middle managers in the banking industry, according to the Banking Association s transformation report 2020, which also found that black people now make up almost 35% of the bank s top executives. ....

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