Advancing more women leaders in financial services

Gender equity – that is, when people of all genders have fair access to the opportunities and resources that they need to thrive – is not an initiative or program; it is an outcome of diversity and inclusion actions. But for gender equity to become within reach, gender diversity must first be measured and assessed across geographies, sectors, and organisations.

With this objective in mind, the Deloitte Centre for Financial Services embarked on a global research effort to capture the data needed to determine the answers to a number of questions: Over the past 20 years, how has women’s representation in financial services changed? Where has progress been made, where is there still work to be done, and how do we identify these areas? The analysis serves not only to recognise progress made, but also solidify the necessity for concentrated and focused efforts to drive continued growth into the next decade.

In this publication, we present the key findings and baseline analysis of women in leadership roles across financial institutions in Singapore, with the intention of sparking conversations and stimulating ideas on how we can take sustainable actions to increase women’s share across leadership roles.

Our discussion will focus on several key metrics: current share and forecast growth of women in financial services over the next decade by leadership role category, and the multiplier effect – that is, whether having women in the C-suite created a ripple effect throughout an organisation, and resulted in more women overall in senior leadership roles.