Women were less represented in leadership positions at Morgan Stanley than at other top U.S. banks, data show.
Moreover, 80% of Morgan Stanley's top leaders in the U.S. were white, more than the others, that reported such representation at between 67% and 78%.Mary Beth Gallagher, director of engagement for Domini Impact Investments LLC, which invests with environmental, social and governance considerations, said firms need to have a pipeline of diverse talent if they want to find diverse leaders, which would involve recruiting and career-building efforts.
To be sure, Morgan Stanley has several women in top roles, including Chief Financial Officer Sharon Yeshaya. She is one of three women on its 14-member operating committee. There are four women on its 14-member board of directors and four directors who identify themselves as ethnically diverse. Wall Street has struggled to shake off its image as an "old boys' club". In recent years, however, banks have made strides on
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