FILE PHOTO: The Citigroup Inc logo is seen in Canada
FILE Picture: The Citigroup Inc (Citi) logo is witnessed at the SIBOS banking and fiscal convention in Toronto, Ontario, Canada Oct 19, 2017. REUTERS/Chris Helgren

March 26, 2021

By Elizabeth Dilts Marshall

NEW YORK (Reuters) – Citi Group mentioned on Friday that it employed Erika Irish Brown from rival Goldman Sachs Team Inc to lead its world wide variety approach, according to an announcement on the bank’s web-site.

Brown joins Citi as its main diversity, equity and inclusion officer from Goldman Sachs, wherever she had led that bank’s variety and inclusion endeavours given that mid-2018. Brown beforehand worked at Bloomberg in the exact same role.

Goldman named Megan Hogan to swap Brown, according to a memo despatched to team and seen by Reuters.

The purpose of chief diversity officer has taken on renewed prominence as organizations operate to tackle inequality and systemic racism roughly a person yr just after George Floyd’s loss of life in Minnesota.

Wall Avenue financial institutions have taken ways to maximize recruitment, selecting and retention of assorted employees in the latest several years, but varied and feminine workforce however comprise a smaller share of the workforce.

Below Brown, Goldman established a purpose that 11% of all new analysts and entry-amount associates employed in the United States and 9% employed in the U.K. be Black specialists, for 14% to be Latino industry experts and 50 percent to be women.

And final summer season, Goldman’s expenditure financial institution formed the Council for Improvement of Racial Equity to enhance recruitment, using the services of and occupation advancement for Black industry experts.

Hogan, who joined Goldman in 2014, also performed a vital job in the advancement and implementation of some of those people initiatives and others, according to a memo despatched by Goldman’s head of human means Bentley de Beyer on Friday saying her hire.

Hogan will proceed in her position as chief running officer of Goldman’s inside Worldwide Inclusion and Variety Committee, de Beyer wrote.

(Reporting By Elizabeth Dilts Marshall, enhancing by Larry King)