Alpha Female 2018: Where fund chiefs stand on diversity

What the heads of leading UK and European asset managers are doing to close the gap.

Where the AM chiefs stand

Citywire has spoken to the heads of many UK and European asset management companies over the past year, and it is hard to ignore the question of diversity in their ranks.

So what have they done about improving the balance, and how much more work is needed?

In these excerpts from our CEO Tapes – which were filmed at Citywire’s offices in April – leading investors reveal what steps they have taken and why much more needs to be done to redress the gender imbalance.

Where the AM chiefs stand

Citywire has spoken to the heads of many UK and European asset management companies over the past year, and it is hard to ignore the question of diversity in their ranks.

So what have they done about improving the balance, and how much more work is needed?

In these excerpts from our CEO Tapes – which were filmed at Citywire’s offices in April – leading investors reveal what steps they have taken and why much more needs to be done to redress the gender imbalance.

Need to hit 50/50

‘The belief is there, but you have to be conscious about the delivery of actually making it happen. Even with Andrew saying that over 10 years, with a very conscious decision, they’ve moved to 33%, people would say “Well it’s got to be 50%.” Well, it will get to 50%, but we’re at 11% now.’

Andrew Formica, co-chief executive, Janus Henderson Investors

Fund management is imbalanced

‘We’ve got fabulous gender diversity across every area of the business. Four out of seven members of my ex-co are women, but then on the fund management side it’s 95% blokes. The only way we can change that is through encouraging more people into the industry.’

Richard Buxton, CEO, Old Mutual Global Investors

Lots of work to do

‘This is a problem that we identified years and years ago. We’ve all been aware of it for years. As an organisation, our graduate programme has been 50-50 for the past decade, but it takes time for the pipeline to work its way through. We’ve been focused on this and working on this for years and years and years.’

Andrew Telfer, joint senior partner, Baillie Gifford

‘We have a representation issue’

‘It’s our job, if we’re basically a skill- and talent-based business, to get the best possible people into our business. We’re clearly not doing that at the moment in certain sectors, which is primarily portfolio management and sales. We all have a representation issue, not an equal pay issue by and large, but we need to solve the representation issue.’

Robert Higginbotham, head of global investment services, T. Rowe Price

Share this story

More Content

ADVICE

3 Comments Breakfast Club: From offshore oil worker to running an advice firm

Breakfast Club: From offshore oil worker to running an advice firm

Jennifer Ellis runs Wellington Wealth alongside sister Nicola Ellis, emphasising the importance of family and client service

twitter_banner

INVESTMENT