BlackRock, JPMAM and Standard Life Aberdeen sign up for new 30% Club diversity push

Global asset managers with £10.5trn AUM

Asset managers including J.P Morgan Asset Management (JPMAM), BlackRock and Standard Life Aberdeen have backed a new initiative from the 30% Club to push for greater female representation on UK company boards.

As a McKinsey & Co report revealed financial services were in the "top quartile" for improvements in gender diversity (see below) 27 groups with £10.5trn in AUM have committed to pushing for 30% of women on FTSE 350 boards and 30% of women in senior management at FTSE 100 companies by 2020, according to the Financial Times. The asset managers will engage with boards chairs and "may choose" to vote against the re-election of the chair of the board of nomination committee where there continues to be no evidence of board diversity. Gallery: The highlights from this year's Women in Invest...