Karen Jorritsma, director in equity sales at Citi Australia, with Citi summer interns Boyang Jiang and Alice Crammond. Picture: Hollie Adams
Citigroup investment and corporate banking chief Tony Osmond says the sector must lift its game to attract and retain women and diverse ethnicities as it attempts to better reflect more varied company boards and fend off the allure of technology giants.
Investment banks and the finance sector more broadly are fighting harder to win over university students as companies like Google and Tesla sharpen their pitch for the best and brightest interns and graduates.
Osmond says diversity is a big focus at Citigroup given the volumes of research that it improves a comp
He is also aware local company boards and executives are demanding diversity from their investment banking advisers.
“If we turn up to a meeting with a client and all we have is Australian white males on our side of the fence our clients look at that and say we are not going to get the best outc...