Gender diversity in the fund industry

Denise Voss, chairman of the Association of the Luxembourg Fund Industry, has discussed the issue of gender diversity in the industry.

“It’s said that a diverse organization is a more profitable organization, this was proven in academic circles for the first time over 20 years ago. In the funds industry we’ve seen a bit of progress made towards better diversity however, based on the pool of talented women in the industry versus the small number of women on fund boards and in senior management roles it’s clear we have a long way to go.”

“Focusing on what we can do, some countries have introduced quotas; however, personally I believe that we get better results when companies set targets and make commitments and embed diversity in their organisations – often through corporate diversity programmes. [The best diversity programmes address the issue from the ground up, by developing and encouraging talented individuals from the start. Such programmes also mean diversity gets more visibility at the board level.]”

“It’s encouraging to see a growing number of corporate diversity programs, some of which are starting to see results. I’d also like to take this opportunity to encourage women in the fund industry to take advantage of these programs and in general to be brave, to be willing to take a risk and raise your hand to take on new challenges at work – even if it’s out of your comfort zone. You, your companies and the funds industry, will be better for it.”

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