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Western EuropeJune 1 2018

Equality means profits: closing the gender gap

After influential campaigns, investor pressure and research pointing to higher returns by more gender-balanced firms, why are banks still male? Silvia Pavoni investigates.
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At a seminar organised by The Banker in 2016, after the women on stage discussed issues around career progression and the gender pay gap, a man in the audience raised his hand and commented: “It’s time to get a lot angrier – if that was happening to me, as a man, I wouldn’t tolerate it.”

It was a point that resonated with many. Whether it is because of nature or nurture, men and women tend to behave differently and, psychologists argue, this leads to different outcomes when one of the two genders dominates the work environment – and such is the case with banking.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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