JPMorgan has launched a new apprenticeship to hire Black professionals from other sectors into its UK operation, as large investment banks look to new avenues to bolster ethnic diversity.

The US bank has started a the programme, specifically targeting people who want to switch into financial services, even if they have no experience in industry. Successful candidates will be based in its Bournemouth office, which employs around 4,000 people in support functions including compliance, operations and finance.