HSBC Reveals Less Than 1% of U.K. Senior Employees Are Black (2)

HSBC Holdings Plc published a breakdown of ethnicity in its U.K. staff for the first time, revealing that less than 1% of senior employees in its home market are Black.

The figure compares with 3% in the population of England and Wales. Among other senior employees, 9.7% are Asian, compared with 8% of the population of England and Wales, and 1.3% are mixed-race, HSBC said in a memo released Wednesday. The data is based on self-declarations in a staff survey at the end of September.

“The data shows that we have a lot of work to do,” said Elaine ...