Major Publications Cover AAAIM’s New Study Highlighting Biases Faced by AAPIs in Investment Business

The Association of Asian American Investment Managers (AAAIM) today released its new report: “Good Workers – Not Leaders: Unconscious Biases That Stall AAPI Advancement.” The report, which was co-sponsored by Backstop Solutions Group, details the results from a survey of 100 Asian American and Pacific Islander (AAPI) investment management professionals based in the U.S., as well as more than a dozen qualitative interviews…

 

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Asian Americans and Pacific Islanders in finance face structural racism that stymies career advancement, a recent survey found.

Nine out of 10 respondents said prejudice excludes them from consideration for senior or executive-level positions — a challenge some call hitting the “bamboo ceiling,” according to a report by the Association of Asian American Investment Managers.

Asians often fall victim to the “model minority myth,” the view that they are diligent workers who have overcome discrimination to gain a solid foothold in the workplace, according to the AAAIM. As a result, Asians are often excluded from leadership roles, the group said, adding that almost 70% surveyed believe AAPI professionals aren’t perceived as good leaders…

 

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