Women are perceived to be more risk-averse than men, therefore, women might reduce risk-taking at banks…or so goes the argument used to impose quotas of women on bank boards. This argument suggests gender diversity has the potential to play a more important role in financial services than in other industries.
However, as financial firms are often excluded from surveys of women on boards, it is not clear whether women are underrepresented. Are women underrepresented on the boards of financial firms, and if so, is this true in every country? And what are the macro-level factors related to the representation of women on the boards of banks? If women are underrepresented on bank boards, are quotas the solution to the problem? In this session, you will be provided with insights into research carried out in collaboration with the SWIFT Institute on diversity in the financial industry, and hear both academic and industry perspectives on questions such as “should Lehman Brothers have been Lehman Sisters?” and “does diversity matter for financial firms?”.Speakers Virginie O'Shea, Senior Analyst in Capital Markets, Aite Group Thomas Kirchmaier, Lecturer in Business Economics and Strategy, Manchester Business School Mark Chamberlain, Head of Americas Diversity and Inclusion, Barclays Bank Alison Quirk, EVP and Chief Human Resources and Corporate Citizenship Officer, State Street Claire Cockerton, CEO, Innovate Finance Admiral Michelle J. Howard, Vice Chief of Naval Operations, United States Navy
Virginie O'Shea hosts a panel at Sibos 2014
Virginie O’Shea is a research director with Aite Group, heading up the Institutional Securities & Investments practice and covering data management, collateral management, legal entity onboarding, and post-trade technology. She brings to the firm more than 13 years of experience in tracking financial technology developments in the capital markets sector, with a particular focus on regulatory developments and standards.