Women at least 5 years away from greater share of senior industry positions

Business Woman

Marisa Drew, Credit Suisse’s most senior female investment banker in Europe, expects it will take at least five years before women start to gain a greater share of senior positions in the industry.

Bloomberg News reports that Drew, 49, said in an interview at Credit Suisse’s office in London: 'It takes about 10 years to see the talent pipeline come through, and we’re probably about four to five years in from the inflection point of when we saw a materially more evenly balanced intake at the junior level in Europe'.

Banking trails other industries in the number of board positions held by women, according to data compiled by recruitment firm Egon Zehnder International.

Women make up about 19% of European bank boards, compared with 33% in the household-products industry, which has the highest level of female representation, the data show.

Fiona Woolf, a partner of the law firm CMS Cameron McKenna, this week was named to be the 686th Lord Mayor of London, only the second woman chosen to head the financial district’s municipal government in 800 years.

Hit the link below to access the complete Bloomberg article:

Credit Suisse’s Drew Sees More Women in Senior Bank Jobs

Blackstone Opens Europe Spigot as Distressed Deals Surge

UBS O’Connor Said to Open First Asia Hedge Fund to Investors

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts