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Falling Short in Addressing Gender Gaps

LONDON—Have financial services organizations recognized the benefits of diverse leadership? One recent study by Ernst & Young takes a closer look.

By Natalie Dolce | nataliedolce | | Updated on June 10, 2016

gendergap LONDON—As technology, customer, shareholder and regulatory expectations evolve and challenge the relevance of traditional banks and insurers in people’s lives, it seems financial services organizations are yet to recognize the benefits of diverse leadership. That is according to a recent article on GlobeSt.com sister publication, ALM’s PropertyCasualty360.com. The article says that although research has shown that diversity, and women in leadership roles, have a positive impact on a company’s ability to innovate, navigate disruption and improve its bottom line, research shows enough is not being done to bring this change to the most influential levels. A recent survey of 350 business leaders across various industries revealed that in financial services, 77% of men and 66% of women agree that diversity is essential in navigating the current transitioning of the industry. The survey, which was conducted by London-based professional services giant Ernst & Young , a professional services organization, sought to understand how organizations are addressing the effect of diversity and the advancement of women. Click here to read the full article on PropertyCasualty360.com.

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