Singapore, 21 March 2025 – ELD Asset Management, a boutique investment and wealth management firm with a strong international presence, today confirms its continued dedication to Diversity, Equity, and Inclusion (DEI) hiring practices. This announcement underscores ELD’s proactive stance in maintaining inclusive employment strategies at a time when numerous industry leaders are retracting similar initiatives.
The financial services industry faces increasing pressures to abandon DEI policies, prompted by shifting political landscapes and heightened regulatory scrutiny. Notable corporations, including Goldman Sachs and Meta, have recently reduced commitments to their DEI programmes following the commencement of Donald Trump’s second term as U.S. President. However, ELD Asset Management views diversity as an enduring strategic priority and a crucial element in sustaining its competitive market position.
ELD Asset Management’s Director of Private Clients, George Palmer, stated, “Diversity is not a political statement; it is a business imperative. While some firms retreat from DEI due to changing political tides, our commitment remains unwavering. A diverse workforce is instrumental in driving robust decision-making, enhancing risk management, and ultimately achieving superior outcomes for our clients.”
Despite facing potential legal challenges, regulatory complexities, and shareholder concerns, ELD maintains its emphasis on inclusivity and equity as integral components of its organisational ethos. The company firmly believes that a diverse leadership structure and inclusive workforce directly correlate to improved financial performance and sustained business growth.
Data consistently supports ELD’s strategic approach. Research indicates that organisations with diverse leadership teams significantly outperform their peers, delivering stronger financial returns, heightened innovation, and increased client satisfaction. This correlation becomes particularly crucial within the wealth management sector, where demographic shifts among investors have necessitated a more representative workforce.
Recognising the historical underrepresentation of women, ethnic minorities, and other marginalised groups in finance, ELD’s continued investment in DEI initiatives aims to redress longstanding imbalances. The company’s sustained efforts also resonate with its increasingly diverse client base, particularly among younger generations such as millennials and Gen Z, who prioritise Environmental, Social, and Governance (ESG) commitments in their investment decisions.
George Palmer elaborated further, “We observe a clear and ongoing shift among our clients, who increasingly value companies demonstrating strong ethical foundations, including firm commitments to DEI. For ELD Asset Management, inclusive hiring is not merely an ethical obligation; it forms the foundation of a resilient, forward-looking business strategy.”
ELD Asset Management’s internal data further substantiates its stance. Firms maintaining active DEI policies consistently attract a wider array of high-calibre talent, fostering environments conducive to innovation and adaptability. Such firms also effectively mitigate investment blind spots and risks inherent in homogenous decision-making groups, thus safeguarding long-term financial stability and client trust.
The company’s renewed pledge to DEI practices aligns with broader market demands for transparency and accountability. Increasingly, global financial regulators and influential investment bodies advocate for demonstrable DEI commitments. By actively promoting diversity and equity in hiring and leadership appointments, ELD positions itself ahead of industry peers who are less proactive in these critical areas.
Moreover, ELD’s decision reinforces the company’s reputation as a responsible corporate citizen. In maintaining robust DEI hiring practices, the firm actively contributes to broader societal goals, including economic empowerment and the equitable distribution of opportunities across different demographic groups.
Palmer concluded, “While broader industry trends may fluctuate in response to external pressures, ELD Asset Management remains steadfast. Our continued focus on DEI practices embodies our corporate principles and directly supports our clients’ best interests. Ultimately, diversity strengthens our capacity to deliver exceptional financial management and advisory services.”
About ELD Asset Management
ELD Asset Management is a distinguished global investment and wealth management firm recognised for its commitment to excellence, integrity, and innovation. With extensive experience in traditional asset management and a client-centric approach, ELD consistently provides tailored solutions to a diverse and growing client base. The company maintains a significant presence across international markets, demonstrating particular expertise in portfolio management and strategic investment advisory services. ELD continues to prioritise sustainable growth through inclusive employment practices, cementing its position as a leader within the competitive landscape of global financial services.
Media Contact:
Mr. Luke Tan
Email: luke.tan@eldglobal.com
Website: https://www.eldglobal.com
