DiversityQ is proud to present the 3rd Annual Women in Asset Management Awards
The events of 2020 shook the asset management industry. From the lessons learned, it is believed that three sets of issues will be central to defining the broader role of the asset management industry i.e. financial security, socially responsible investing, and diversity, equity and inclusion (DEI).
Throughout the last 18 months of the pandemic, there has been greater urgency for conversations on racial injustice and gender diversity. Sadly, the asset management industry’s internal record on DEI is mixed at best. According to research by McKinsey (2020), women represent just 19% of C-level and president roles at North American asset management firms, and 59% of North American asset managers do not set diversity and inclusion-specific targets for their leadership positions.
This cannot continue. The good news is that more managers and firms are determined to make a change. 63% of North American managers have now implemented policies and practices to reduce gender bias in their evaluation systems (McKinsey 2020). We know that companies that lead in racial, ethnic, and gender diversity are more likely to be profitable than their peers, so why is it taking so long for this shift to happen? It is because the industry as a whole needs a make a fundamental shift. DEI is more than just a corporate and social responsibility initiative, it is the core ingredient to a more sustainable business model.
The Awards series has been working to change these statistics by providing a platform to showcase professionals from across the United States that are striving for more ethical and responsible investment decisions, and that are promoting the importance of a more inclusive sector.
We will reunite the asset and wealth management community to shine a light on outstanding industry talent and role models, as well as the employers that are implementing diversity initiatives to spearhead real change in the sector.
The winners will be announced live in an online ceremony on September 9 2021! Join us in celebrating the outstanding achievements of your colleagues and peers.
Prior to the awards ceremony, we invite you to join us at the Women in Asset Management Summit on September 8, which promises to be filled with knowledge-sharing, learning and international community-building.
The summit will integrate a series of keynote presentations, fireside chats and panel discussions with industry leaders covering key topics such as ESG in 2021, the current asset management landscape, sustainable careers in the industry and how to address current DEI challenges. Register for a free place here