Goldman Sachs is upending its programmes for bringing more women and ethnic minorities into its ranks, aiming for more mid-level employees — a rare move for an investment bank, which typically set diversity targets at the entry level.

The US investment bank told staff that it would aim for 40% women at the vice president rank over the next five years as part of its new targets, as well as 7% Black professionals in the UK and the Americas at the same level and 9% Hispanic in the Americas.