Aiming to Diversify Workforce, Goldman Sachs Sets Targets for Latino, Black Hires

Goldman Sachs Group Inc., {snip} which last year said it wanted women to make up half of its entry-level workforce, now is aiming to ensure that 14 percent of new analysts and associates in the Americas are Latino and 11 percent of them black, according to the memo, which was seen by Reuters.

In Britain, Goldman Sachs wants 9 percent of its entry-level workforce to be black.

The bank, whose senior executives are primarily white and male, did not set targets for more experienced employees, but is now requiring businesses to interview at least two qualified diverse candidates for each open position.

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David Solomon, who took over as chief executive of the bank in October, has been vocal about increasing diversity. He and two deputies sent the staff-wide memo ahead of disclosures on its gender pay gap that are required in Britain.

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Goldman Sachs is not alone on Wall Street in its diversity and gender equality campaign. Citigroup Inc has also set goals to have half its global staff to be women, and 30 percent of its staff to be black and Hispanic or Latino in the United States.