13% of New PM Hires in 2018 Were Women
DEIPortfolio Company LeadershipLeadershipDiversityCulture RiskFinancial ServicesFinanceExecutive SearchDiversity, Equity, and Inclusion Advisory
Article Icon News Article
December 20, 2018
DEIPortfolio Company LeadershipLeadershipDiversityCulture RiskFinancial ServicesFinanceExecutive SearchDiversity, Equity, and Inclusion Advisory
navigating-global-businesses.jpg

Ignites

The Ignites article, “13% of New PM Hires in 2018 Were Women,” quoted Russell Reynolds Associates Consultant Debra Brown on why it’s important for portfolio management companies to hire women now. The article is excerpted below. 


Some 13% of portfolio managers named to funds during the first 11 months of 2018 were women, data shows. 

That’s up 2 percentage points from last year, according to data from Flowspring, a Colorado-based fintech company that scrapes data from mutual fund prospectuses. 

... 

“[Companies] have really made an effort to counteract some of the issues that existed that resulted in the loss of talented senior women, and prevented them from growing up through the organization,” says Deb Brown, a consultant at Russell Reynolds Associates. 

... 

“The challenge hasn’t been bringing women into the industry,” says Russell Reynolds’s Brown. “It’s keeping them.” 

... 

Firms that hire and promote more women now could reap the benefits even more later on.Promoting more women at the top motivates women who are lower down on the org chart, saysBrown. 

“Actions speak louder than words,” she says. 

To read the full article, click here.