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| 1 minute read

Navigating Gender Diversity in Investment: Progress and Persisting Challenges

The investment industry has made progress in addressing gender diversity, but significant challenges persist. Female fund managers' experiences shed light on these issues. Some are naturally drawn to the field, while others enter through diverse paths, highlighting the barriers faced by those lacking connections. Despite efforts to recruit female talent, retention and progression remain challenging.

Emphasizing representation at all levels of the industry is vital as it motivates others to visualize their own potential, however, the gender balance within teams hasn't shown significant growth. Although technological advancements and the ability to work from home have introduced some flexibility to help balance an investment career with family, the debate over a full-time office return, as proposed by firms like JP Morgan and Goldman Sachs, raises concerns, particularly for working parents.

Sexism remains a troubling issue, with female professionals enduring stereotypes and unequal treatment. Stewart's experiences being mistaken for a man and wrongly perceived as a secretary during meetings underscore the persistence of discriminatory attitudes.

Moreover, despite recent improvements in whistleblowing procedures and a more supportive environment, the industry has yet to achieve full gender equality. While progress is underway, the journey towards genuine gender diversity and equality is ongoing. It necessitates industry-wide commitment and concerted efforts to address these challenges comprehensively, from recruitment to retention and the promotion of an inclusive and equal workplace culture.

When asked about firms such as JP Morgan and Goldman Sachs making it obligatory for senior workers to come into the office for the full five days a week, there was a consensus that this would make it more difficult for parents to balance their careers in investment with raising a family.

Tags

investment, diversity, dei, asset & wealth management

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