Lloyds Banking Group promises more BAME managers

Lloyds Banking Group is planning to raise the proportion of staff from Black, Asian or minority ethnic (BAME) backgrounds to eight per cent of senior management by 2020.

Ethnic minorities make up about 14% of the UK’s total population and 12% of the UK’s labour force, according to ONS statistics. However, only six per cent of managers are BAME, according to data from the CMI.

Currently, the high street bank has a proportion of 5.6% BAME managers. It has also set a target of 10% for all staff, up from 8.3% at present.

The lack of BAME people in management positions is particularly noticeable in the FTSE 100. The ‘Beyond One by '21’ report found that only 85 (eight per cent) of 1,050 directors in the FTSE 100 are from a minority ethnic background, while 51 companies do not have any black and minority ethnic (BAME) directors at all.