⁍ Morgan Stanley is piloting a program to recruit Black talent in its sales and trading division.

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⁍ The banking industry has been scrutinized for its lack of racial diversity since the May 25 death in police custody of George Floyd, a Black man.

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⁍ Morgan Stanley’s program is only open for up to 20 people.

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– Morgan Stanley’s institutional securities business is its biggest breadwinner, and the bank wants to hire more black employees to help it meet its targets for diversity, the New York Times reports. The company has launched a program for black professionals with at least two years’ full-time work experience in any field who want to work in finance. “As long as you have the skill set around communication, analytical abilities, interpersonal skills, and you are willing to work hard, you could have a strong career,” a managing director who designed the program tells Reuters. The program, which is open to 20 people, starts with a month of training before doing 10-week rotations on different trading desks, leading to a full-time job. “Our expectations were that after a month, we’d have about 100 to work through,” the director says. “But we’ve been surprised to the upside here.”