• 19 October, 2021 4:36 am

Asian Individuals in Finance Say Racism Results in ‘Bamboo Ceiling’

(Bloomberg) — Asian Individuals and Pacific Islanders in finance face structural racism that stymies profession development, a current survey discovered.





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Asian Individuals in Finance Say Racism Results in ‘Bamboo Ceiling’

9 out of 10 respondents stated prejudice excludes them from consideration for senior or executive-level positions — a problem some name hitting the “bamboo ceiling,” in keeping with a report by the Affiliation of Asian American Funding Managers. 

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Asians usually fall sufferer to the “mannequin minority fantasy,” the view that they’re diligent employees who’ve overcome discrimination to achieve a stable foothold within the office, in keeping with the AAAIM. In consequence, Asians are sometimes excluded from management roles, the group stated, including that nearly 70% surveyed consider AAPI professionals aren’t perceived nearly as good leaders.

The outcomes of the report are “disheartening,” Gordon Liao, co-founder of 4C Capital LLC and board vice chair of AAAIM, stated in an announcement.

“We hope that this gives CEOs, HR leaders and managers within the business with a reference level for what it’s going to take to create a very inclusive surroundings, in order that we are able to proceed to try in direction of breaking the bamboo ceiling,” Liao stated.

AAAIM surveyed 100 funding administration professionals and interviewed greater than a dozen executives for the report revealed on Sept. 14.

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