On Tuesday, Citigroup Inc (NYSE:C) introduced new diversity goals for gender, race and sexual orientation in its workforce for 2025. The company aims to boost the global representation of women in assistant vice president (AVP) to managing director (MD) levels to 43.5 per cent in 2025 from the current 40.6 per cent.

In North America, the bank seeks to raise the proportion of Black employees in the AVP to MD ranks to 11.5 per cent over the same period from the current 8.1 per cent. In the US, it aims to increase the percentage of Hispanic and Latino AVPs to MDs to 16 per cent from 13.7 per cent currently.

It is to be noted that Citigroup became the first major Wall Street bank to appoint a woman, Jane Fraser, as its chief executive last year. In 2020, the company’s chief financial officer, Mark Mason, was the only Black executive among about 80 leaders atop the six biggest US banks when the murder of George Floyd prompted a global reckoning over racism. Since then, large banks have pledged to diversify their management and workforce.

Also, Citigroup has expanded its global hiring goals to include 3.5 per cent of people who belong to LGBTQ in 2025 from the current 2.1 per cent. It further outlined aims for ethnic diversity in the UK and Brazil, and hiring college students from underrepresented communities.