Plato Investment Management and Pinnacle Investment Management have teamed up with the University of Queensland to provide nine $5,000 scholarships and nine internships to female undergraduate students this year. Although women made up 55 per cent of the workforce in the financial and insurances sector last year, according to the government’s Workplace Gender Equality Agency, there was a clear gender gap across senior positions and the sector’s pay gap remained the largest of any industry. Only 7.4 per cent of CEO positions in the sector were occupied by women, along with 26.4 per cent of key management personnel roles, 26.2 per cent of other executives/general managers and 34.7 per cent of senior managers.
Plato Managing Director Dr Don Hamson said change was needed and he sees the partnership as an important step towards empowering students to join the profession and creating a more sustainable and equitable future for the industry. “Investment management is a global industry, and the diversity of our people, ideas and experiences is just as important for success as the diversity of our funds,” Dr Hamson said. “This starts with building the pipeline at the university level and doing what we can to improve the number of women applying for jobs and holding leadership positions,” he said.
The rest of this article can be found at investordaily.com.au.