Banks and wealth managers tend to appoint women to spearhead their sustainability programs. we wanted to find out whether this was pure coincidence or sign of a trend.
Ecological and sustainable investing has become very popular in wealth management and among investors. Almost every bank has invested in a high-powered division that devotes its resources on finding assets that are making the world a better place.
It is striking that women hold a great many top positions in ESG and impact investing at banks and asset managers – in an industry, where women still aren’t equally represented in top management.
Sallie Krawcheck, the American co-founder of Ellevest wealth manager, who used to work for Citigroup and Bank of America, doesn’t mince her words: women are better investors than men.
Sounds pretty placative of course, even if some studies seem to back up her theory. And yet, her conclusion may not be too far from the truth, at least in respect to impact investing.
