Natixis Investment Managers backs Future Females in Finance

From

In a move aimed at narrowing the gender gap in financial services in Australia, Natixis Investment Managers has announced a partnership with Future Females in Finance (F3).

F3 was created to encourage young women to take up careers in financial services, and offers structured programs centred on education, access to work experience and strong female role models.

Louise Watson, Managing Director for Natixis Investment Managers in Australia, said that financial services should be an attractive career for both men and women.

“Financial services cover a wide range of sectors and jobs and offers plenty of intellectual challenge in addition to financial rewards, but unfortunately, it’s an industry that has traditionally attracted far more men than women. While we have made progress, gender imbalance is still evident.

“Interestingly, the World Economic Forum ranks Australia 39th in the world in terms of gender gap – above the global average but much lower than our closest neighbour New Zealand, which ranked 7th.

“Our low rank was in part determined by our even lower rank of 46th in the area of women’s economic participation and access to opportunity, which is why improving participation by fostering the next generation of women in financial services is a crucial step in the battle for gender equality,” said Ms Watson.

Natixis’ partnership with F3 will cover a range of initiatives, including six-week work experience programs for university students. In these programs, groups of young women are given real business problems to solve, with the support of a skilled mentor provided by Natixis.

Camilla Love, Founder of F3, said that she was excited to add a global investment manager like Natixis to the growing list of F3’s corporate partners.

“Women are still woefully under-represented in financial services in Australia, so it’s great to have major players encouraging the next generation of young women. When we formed F3, our aim was to try to close the gap by doing things like work experience a bit differently.

“Experience tells us that women working in teams to solve real problems is a more effective way of introducing them to the challenges and excitement of financial services than the traditional work experience model – which often saw young women working alone in a male-dominated office and possibly feeling intimidated or unsure about the suitability of financial services as a career,” Ms. Love explained.

In conclusion, Ms. Watson said that she was looking forward to working with F3 and to meeting the young women she hopes will become the next wave of female executives in Australian financial services.

“I agree with Camilla. Success is when organisations like F3 are no longer needed, because gender imbalance is no longer a problem. I hope and expect that our partnership with F3 will go some way towards achieving that aim,” said Ms Watson.

You must be logged in to post or view comments.