We at FintekNews are in total agreement that diversity and equality are essential in today’s world to be successful in anything, and that includes banking, fintech, venture funds, etc, etc, etc. Now, that being said and with our publisher being a very brilliant woman, why aren’t there more females in certain business sectors since they are extremely adept. My guess? Fear from the guys. Fear “girls” will beat them. Get over it and get along with the “other half”.
“Being in New York on International Women’s Day last week, a surprising event occurred. No, it’s not that Donald Trump renamed the day after his favourite cat, but that a statue appeared next to the Wall Street Bull. A Fearless Girl. The bronze statue is sponsored by State Street and celebrates the idea that women can stand up to anything, even a raging bull.
The stunt is meant to symbolise the power of women in leadership. More specifically, it’s part of a campaign by State Street Global Advisors (SSGA) to emphasise that companies with women in top positions perform better financially. For example, a recent study showed that companies with strong female leadership generated a return on equity of 10.1% per year versus 7.4% for those without a critical mass of women at the top, a 36.4% increase of average return on equity.
The statuette is already being talked about as a permanent fixture in New York to symbolise women standing up against the odds, though some have commented that A Fearless Woman might have been a better statue placement. The issue then would be that folks would have argued about placing a woman there, and would also want man and maybe a cow to be placed too. Whatever. International Women’s Day is an interesting movement.
I often encounter discussions in the financial industry around the representation of women. Generally found in marketing and human resources, there’s a distinct lack of women in banking. Go to Sibos or similar trade shows and it’s all grey hair and suits. It changes a bit when we talk about femtech, but even the buzz at Money2020 is still a lot of hipsters in jeans and beards. In other words, a lack of diversity…”
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