The banking industry routinely faces unique challenges that require a measured and precise approach to avoid catastrophe. The responsibility is monumental and yet despite repeated mistakes lessons don’t seem to be learned.  When thinking of the solutions to this issue, we can think of internal decisions and a different approach to the hiring process, and this should include in my view appointing more senior female leaders. In this article I will explain why more women are needed in banking to provide stability and bring one of the oldest financial institutions into the 21^st century.

Banking in the last few years has faced a huge number of challenges and has felt the disruptions to a higher degree than ever before. The Covid-19 pandemic, the war in Ukraine, and Brexit in the UK, has spurred financial institutions into disarray and left many customers uncertain and in despair. There are no quick remedies to solving economic woes, but changing the course of leadership could perhaps aid its recovery and make seismic change in society, notably increasing diversity in senior roles. The number of women in finance roles has fallen despite efforts that have been made in the last decade to attract diverse talent. 

Read more at: https://elitebusinessmagazine.co.uk/analysis/item/making-space-why-female-leaders-are-needed-in-banking-in-2024