What’s going on:
An analysis by Reuters revealed that while Europe’s 25 largest banks remain 96% male-led, there has been a slight increase in the gender balance within broader executive management teams, growing from 25.6% in 2022 to 30.6% in 2023. Despite this progress, the departure of one of the most prominent female leaders in European banking is seen as a setback.
Why it matters:
By analyzing data on gender disparity within banking leadership, the analysts highlight another industry that has long been dominated by men. Despite significant progress in women representation within the workforce, progress appears to be slower and uneven in the banking world.
The data speaks to the broader issue of equity in the workforce and the barriers women still face in rising to top leadership positions — especially within traditionally male-dominated sectors like banking.
How it’ll impact the future:
By understanding leadership demographics and providing equal opportunities within banking, the industry could ensure diversity even at its highest levels. More of Europe’s leading banks could work on boosting efforts to break down barriers by promoting gender equality at the highest levels of leadership.