Scarcity persists in the top echelons of U.S. asset management industry

As asset management firms seek to increase diversity and expand inclusion among their workforces, some would like to see more efforts made to address underrepresentation of South Asians in executive ranks.

While South Asians have risen to the top in several prestigious fields in the U.S – including medicine, high tech and venture capital – some industry executives contend that South Asians remain underrepresented in the upper echelons of the asset management industry. That scarcity highlights the need for managers to include South Asians in discussions about diversity and inclusion in firms’ efforts to attract new talent and perhaps bolster investment performance.