Today's Labour News

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equalopportunityBL Premium reports that employment trends in the asset management industry continue to be heavily favour of men, especially when it comes to investment-related roles.

Quoted in the 2024 Alexforbes Manager Watch Survey, Muitheri Wahome of the Asset Management Research Institute indicated: “The number of women who went into investment roles is less than half that of men. A total of 18 men were appointed as portfolio managers [in 2023] compared to only three women. There were 19 male investment analysts compared to nine females.” Wahome commented further: “Women’s ability to progress to investment leadership roles depends on the talent pipeline. An 80/20 male-female split of CFA (chartered financial analyst) charter holders suggests that the industry still has a long way to go to achieve gender parity. Indeed, a 2023 study titled ‘Diversity in Asset Management commissioned by the Eskom Pension Fund’ found a small number of women in the top investment decision-making ranks, concluding that if the industry is looking to attract women, it will have to do things differently.” Data shows that men involved in investment decision-making – chief investment officers (CIOs) or equivalents, research analysts and portfolio managers – outnumber women three to one. Wahome also touched on the broader talent challenges facing the asset management industry in SA. She said the industry was struggling to attract and retain talented personnel due to a “war for talent” in the financial services industry.

  • Read the full original of the report in the above regard by Kabelo Khumalo at BusinessLive (subscriber access only)

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