Fondsfrauen expands in Austria
Fondsfrauen, which was founded in Germany at the beginning of 2015, is expanding its presence in Austria.
Raiffeisen Bank International hosted the inaugural event and together with its subsidiaries Raiffeisen Capital Management and Valida promoted the women’s network in Austria yesterday. With almost 130 participants, the event was fully booked. In addition to Anne E. Connelly, founding member of the Fondsfrauen in Germany, philosopher Rebekka Reinhard appeared as a guest speaker and talked about the ideas from her bestseller “Kleine Philosophie der Macht (nur für Frauen)”.
Veronika Lammer (investment expert at Raiffeisen Research) and Ingrid Szeiler (chief investment officer at Raiffeisen Capital Management) are the lead proponents of the fund women in Austria.
According to Connelly, studies show that mixed teams have greater business success. This should benefit the investment industry and strive in all areas. However, the fund industry in particular is still characterised by low levels of female fund managers compared to male fund managers. In Germany, the number was 9.26% in 2016.
The law for gender quota in supervisory boards of stock corporations provided much scope for discussion both in Germany and in Austria. Therefore, broader efforts are needed, as well as the awareness and courage of women and men to change and accept behaviour.
Veronika Lammer, who represents Fondsfrauen in Austria commented: “Promoting women is not an end in itself. Economically speaking, women on average are better educated than men and, in addition, bring in better skills and perspectives. Because a higher proportion of women in management positions correlates positively with the profitability of companies. We want to use this network to help women in the financial sector have better opportunities for advancement.”
The German philosopher Rebekka Reinhard, engaged with leadership, ethics and female power, wants to encourage women to rethink and lead a fulfilling private and professional life. “Every woman should ask herself: What do I want? What do I live for? How can I accomplish freedom? And how can I make a difference?”.