The thinking around diversity needs to shift away from lip service corporate events, the chair of UBS’ diversity and inclusion committee has said.

Speaking at a press briefing ahead of International Women’s Day on Sunday (8 March) Kevin Arnold, who also co-heads the bank's global markets business, said he understood the irony of having a “50-something white guy” in his D&I role, but that he was prompted to act for the sake of his daughters.

“We needed to get people actively engaged [with diversity and inclusion], and quite honestly, people like me were part of the problem.

“I didn’t want my d...