Shocking gender unbalance in leadership positions in Financial Services

By JUMP Founder - Isabella Lenarduzzi: JUMP – Empowering Women, Advancing the Economy – EU Based

The Place of Women in the Funding of a Capitalist Economy

October 23, 2019 - With the launch of “Women in Finance”, Belgium is finally acquiring an instrument to raise awareness in the financial sector about the strategic importance of corporate gender equality for its performance, as well as for the country’s economic health and finally for building a more egalitarian society. Financial institutions are at the heart of the capitalist system. Their vitality and sense of responsibility are two essential factors in the well-being of our community.

Shocking gender unbalance in leadership positions in Financial Services

Belgium’s figures are on the low end of average, despite more than half of women among all employees and 57% among university graduates. The 20First global gender balance scoreboard for the financial services firms in 2018, shows that women accounted for 18% of executive committees, up from only 13% in 2014. The first big European companies are Banco Santander with 3 women out of 23, Allianz with 2 women out of 7, Generali achieved 2 women out of 10 and BNP Paribas with 2 out of 16. You will easily agree with me that these figures are simply unacceptable.

In 2017, the financial services industry in North America had a 24% gap between the rates of first promotions (from entry-level to manager) despite women asking for promotions at comparable rates. Among entry-level employees, men are more likely than women to have managers and senior leaders act as sponsors meaning that men were receiving more visibility, advancement advice, and information on opportunities.

Извор: WUNRN - 27.10.2019