The Diversity Project has launched a new workstream, the 30% Club, following revised targets to improve gender diversity in the asset management industry, which include a halving of the industry's gender pay gaps and a 30% female fund manager target by 2030.
According to the organisation's research, gender pay gaps in asset management are the second-largest of any UK sector, while approximately 10% of fund managers are currently female. Some 4% of money managed in the UK is headed up exclusively by women. As such, The Diversity Project has concluded that a new approach is needed, "with greater intensity and more targeted interventions". Dame Helena Morrissey, chair of the Diversity Project and founder of the 30% Club, said: "All the evidence suggests we continue to make painfully slow progress towards encouraging more women into fund m...
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