Loop Capital CEO Says Diversifying His Workforce Has Been Easy: ‘I focus on talent’

Loop Capital CEO Says Diversifying His Workforce Has Been Easy: ‘I focus on talent’

Loop Capital Chairman and CEO Jim Reynolds told CNBC on Thursday that building a diverse team has not been a challenge for the Chicago-based investment bank. “I have found it so amazingly easy to recruit minority candidates — African American, women — and promote them very easily because I focus on talent,” Reynolds said on “Halftime Report.” “And the talent really comes through.”

Reynolds’ comments come as the U.S. experiences widespread protests around racial inequality and police brutality, following the killings of Black Americans such as George Floyd, Ahmaud Arbery and Breonna Taylor.

Leaders across corporate America, including those on Wall Street, have in recent weeks pledged to fight racial discrimination through charitable donations and by implementing changes inside their own companies.

Reynolds said he believes diversity on Wall Street overall is worse now than it was in the early stages of his career, which began in 1982 as a bond trader. He spent time at PaineWebber, later acquired by UBS, and then went on to manage Midwest municipal bond sales for Merrill Lynch. He co-founded Loop Capital in 1997. Read more…………..

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ICARUS TV

CNBC’s Scott Wapner talks with Loop Capital CEO Jim Reynolds to break down how he is diversifying his firm.