|
Only one of Germany's larger private banks was chaired by a
woman last year, down from two in 2016, according to the study
by the German Institute for Economic Research, or DIW.
That position is held by Carola Graefin von Schmettow, of HSBC
Trinkhaus & Burkhardt.
"In no other industry is it so unlikely for women to reach a
position at the level of the board or just beneath," DIW said in
its report, which encompasses 100 top banks and 60 large
insurers.
The paucity of women in leadership roles contrasts sharply with
the broader financial sector workforce. For years, bank and
insurance staff have hovered at around 60 percent women, the
study said.
Based on the pace of women moving into management roles between
2006 and 2017, DIW said it would take another 70 years to reach
equal representation.
In Germany's banking sector, women accounted for 8.9 percent of
top management jobs last year, compared with 8.2 percent in
2016. At insurers, the gender gap actually widened in 2017, with
the proportion of women in top jobs at 9.3 percent versus 9.8
percent a year earlier.
A decision by Deutsche Telekom <DTEGn.DE> in 2010 to impose a
quota of 30 percent for women in leadership increased pressure
for German companies to offer more management roles to women,
DIW said. But that pressure has since eased, DIW said.
Compared to management boards, supervisory boards of German
financial companies consist of a greater number of women since a
2015 law dictating women occupy 30 percent of seats of listed
companies. On the whole, the goal is still a work in progress,
however, with woman making up 23 percent of bank boards and 22
percent of insurance boards in 2017.
(Reporting by Tom Sims; Editing by Maria Sheahan and Catherine
Evans)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
