In the News

In the News

Gender diversity: How will tomorrow’s asset management leaders look?

21st November 2017

Investment Week


Sarah Dudney and Emma Wallis of The Buy-Side Club.


Asset management is facing multiple headwinds, from digital transformation to fee compression, putting the onus on tomorrow’s leaders to usher in a new way of thinking. CEOs and CIOs will also look different, reflecting the growing recognition that investment houses should mirror the society they serve. Against this backdrop, succession planning to identify and develop the next generation of leaders has never been more business-critical.


We expect the key components for successful leadership to become: passion and enthusiasm for investment and the industry’s role within society; the ability to engage with employees, clients and the public as the industry seeks to rebuild trust and improve transparency; and technical expertise….


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A different view

31st October 2017

Portfolio Institutional

Far from just making up the numbers, women in senior roles are making a positive impact on performance. Mark Dunne looks at what women bring to the table…


Sarah Dudney, a client partner at The Buy-Side Club, a search consultancy for the global investment industry, and a member of the Diversity Project’s steering committee, says that men possess a set of biases that perhaps women can balance out. “Men and women work differently and there could be advantages to having a greater biological mix in a team.” She gives an example of when men get stressed they generate a lot of testosterone and tend to go into fight mode. She says it has been proven that women go into what is called ‘tending and befriending’and points at Virgin Money boss Jayne-Anne Gadhia as an example. Gadhia was the only person to call the regulator when the financial crisis broke to ask: “What do I do?”…


Dudney has also seen people wanting more a diverse leadership team. “They want people from different backgrounds,” she says. “We deal with senior appointments and people are asking us for a diverse range of candidates. Clients look at it from a capital allocation perspective. They want to see if they are applying money to funds in the most efficient and effective way to get the best result. Fund management is a people business. Therefore it would be far-fetched to assume that 80% of the fund management population can produce all of the alpha. You can have a team full of David Beckhams.”…


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Fund firms open up to returning women… and men

3rd October 2017

IGNITES EUROPE

Fund firms are increasingly helping people return to work after long career breaks to diversify their talent pools and meet senior management gender targets.

Both initiatives are intended to “widen doors” and make the “glide path” for people who have taken a career break of at least a year back into work “easier”, says Sarah Dudney, client partner at The Buy-Side Club. The so-called glide path typically includes some form of career coaching or support so returners can “articulate private concerns, rebuild confidence, get back into the mode for working and manage any other issues”, says Ms Dudney….

…Ms Dudney says M&G is taking a “holistic” approach in that it is integrating returners into its mainstream talent acquisition pipeline, rather than running temporary placements….

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Benchmark study from the Diversity Project

18th September 2017

Portfolio Adviser

A benchmark study from the Diversity Project has found that racial diversity remains one of the biggest issues facing the asset management industry.

A massive 83% of those surveyed were of white origin, while a paltry 2% identified as Black, African, Caribbean or Black British. Just 9% identified as Asian or Asian British. And only 4% of respondents reported as having one or more disabilities, compared with the 11% of the general population. Far from dispelling the myth of the investment industry as an “old boys’ club”, the landmark study reinforced that the current sector is male dominated, majority white and favours individuals between 31 and 50. The study conducted by Mercer on behalf of the Project, surveyed more than 3,755 individuals from 24 firms, with assets under management in the UK totalling £2.2trn….

Most recently, in association with The Buy-Side Club, the Project launched a “Returners Database” on Monday, a portal which provides the tools for individuals who have taken an extended career break and are keen to return to the investment industry….

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Diversity Project launches database to support individuals returning to industry after career break

18th September 2017

Investment Week

The Returners Database has launched, allowing those who are rejoining the investment sector after a career break to register their skills and expertise. The database, created in association with the Diversity Project and powered by The Buy-Side Club, is seeking to attract a largely untapped pool of highly-qualified, experienced and motivated talent back into the investment industry…..

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