In a recent FundFire article regarding SSGA’s decision to hold portfolio companies accountable for not disclosing racial and ethnic composition of their boards and workforce, AAAIM applauded the move of adding transparency in the industry while discussing the unique challenges facing AAPIs in the investment field.

Many [Asians and Pacific Islanders] are at the frontline of the investment business today, however, this strong representation at the foundational level of the investment business has not converted into proportional promotion into the senior levels,” AAAIM co-chair Brenda Chia in the article. “The lack of upward mobility, …known as the bamboo ceiling, has been one of the catalysts for [Asians and Pacific Islanders] to go out and start their own firms.”