Madalena Teixeira, senior portfolio manager at Lisbon-based ASK WM, will address the issue of gender parity in the asset management industry at InvestmentEurope's Iberian Summit Barcelona 2019.
As the Iberia representative for the Association of Professional Fund Investors (APFI), she will outline how the association is working on diversity promotion while sharing her thoughts on ESG and how it could be better applied internally by fund professionals.
"Believe it or not one of the hot topics over these last few years been diversity, and we are not talking about diversity in the labour market of emerging countries, but on that of this "wonderful developed world," says Teixeira.
The senior portfolio manager believes that the labour market mentality of many developed countries is not that developed, since there is still a huge gap between women and men's wages and the share of female employees is considerably lower than that of male ones.
"It does not make any sense, when both genders attend higher education levels, and statically there are more women finishing their degrees and with better grades than men, so what is the point in keeping two separate worlds?
"Let meritocracy rule and let the best one win!", she concludes.
The WEF's latest Global Gender Gap Report highlighted that global gender parity still lies more than 200 years away and no country in the world has achieved gender equality. When looking specifically at the financial sector, the parity figures are astonishing: just 25% of board members and 6% of financial services firms' chief executives are women.