Citigroup’s three-year plan to reverse its falling diversity

citibank diversity

After years of scant progress on diversity measures, Citigroup has created hard targets for raising the percentages of women and African-Americans in management positions by 2021, according to an internal memo from Chief Executive Officer Michael Corbat.

Black employees in the U.S. will make up 8 percent of managers in roles from assistant vice president to managing directors within three years, up from 6 percent today. The bank also plans to boost the share of women in those management positions globally to 40 percent from 37 percent.

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