Female representation within asset management remains short of industry expectations

Significant metamorphosis

The asset management industry is currently undergoing a significant metamorphosis in response to the substantial amount of investor and regulatory focus on environmental, social and governance factors (ESG).

With a raft of new legislation such as the Sustainable Finance Disclosure Regulation (SFDR) and the Taxonomy Regulation, asset managers are assessing the ESG scores of investee companies and putting pressure on companies to increase the representation of women on boards and in senior executive roles. But what about the asset managers themselves? It is clear the industry is in need of improvement when it comes to its own diversity statistics, which is starting to attract the attention of regulators such as the Central Bank of Ireland (the Central Bank). Work still to be done The late...