A new report has found that European financial services are far from meeting investor expectations regarding gender balance, apart from expectations like technology and sustainability expertise.
The EY report covering 300 money managers also revealed that at least 44 percent looked for gender diversity in the boardrooms and that it determined their decision to buy the shares.
Almost 50 % said sustainability experience was important, and 54% wanted the boards to have fintech experience.
Another report released earlier this year points out the gender imbalance. It noted that in the last two years, while 25 banks have seen 22 changes in the chief executive and chair roles, 21 have been men.
One of the reasons is the preference for someone who would stay back after office hours. Another being non-conscious biases resulting in finding substitutes to top posts, modelling them after the outgoing one, which is always a man.
