Staff at one of the world’s biggest investment companies have to get special approval to hire a white man, rather than a woman or an ethnic-minority candidate.
The policy is part of a drive by State Street, which employs 2,500 people in Ireland, to improve diversity within its middle and senior management. The multinational aims to triple the number of black, Asian and other minority staff in senior roles by 2023, and executives’ bonuses will be lower if they do not meet the targets.
