Women attempting to progress into senior leadership positions in the financial sector have always known this. However, the FCA only recently flagged this, calling for an end to the ‘senior jobs just for the boys’ mantra. Leaders of financial services firms are also now taking notice of the mounting evidence that show that firms with gender diversity among the top ranks enjoy significantly better financial performance than others.
While awareness about the disparity between men and women is progressing, the speed at which women in wealth and financial firms receive support remains relatively slow. More needs to be done to help these women develop a competitive advantage at critical transition points in their careers.
The Authentic Leadership programme is PIMFA’s response to supporting women who face a unique set of challenges when progressing into senior leadership positions. Our research shows that women aiming to rise to leadership positions in wealth and finance still have to overcome a set of challenges, including the Imposter Syndrome, unconscious bias in the workplace, a peer group that shrinks as they assume more senior roles, and a struggle to find female role models even in the most progressive firms.