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In the latest episode of the ‘Ganado Meets Finance’
podcast, Stephanie Farrugia, senior associate at
Ganado Advocates, speaks with Paulianne Nwoko,
managing director of Apex Fund Services Ltd, on the representation
of women in finance.
In the world of finance, women are still largely outnumbered by
men, especially in executive roles. Yet studies and statistics in
this area continue to recognise the value which women contribute to
the industry, even in leadership roles.
Looking back at the progression of her career so far and always
having formed part of the industry Paulianne Nwoko mentions the
importance of discussing the involvement of women in the finance
industry. She recognises the change that has taken place over the
years but highlights that a gap remains in this area. She says that
women bring diversity in thought and are good leaders but by often
setting women aside, and not providing the right tools to help them
advance in their careers, the industry is simply missing out on
Starting in parity
In the finance industry, women and men generally start at
parity, but as careers progress, women tend to be left behind. This
may be due to several factors. Nwoko says it is relevant to look
back at the role of women in society and despite there having been
an improvement, there is still much to be done to break the bias
against the involvement of women in senior roles.
Sustainability and gender
The EU is pushing change through the sustainability agenda and
related regulation, yet it seems that focus seems to always
gravitate towards environmental factors, pushing gender issues to
the bottom of the agenda, Nwoko says. Aside from the regulatory
push, the interest of shareholders and institutional investors to
bring about change in this area,remains important.
The role of the employer
The employer and those in leadership roles naturally play a
large part in ensuring gender diversity at the workplace and even
in senior roles. Both Farrugia and Nwoko recognise the various
initiatives at their workplaces to encourage and facilitate the
progression of women in their careers. Nwoko speaks about
Apex’s Women Accelerator Programme, which provides tools such
as coaching and mentoring, and provides a platform to discuss
gender diversity at the workplace.
This article was first published in the Times of Malta.
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