BlackRock, JPMAM and Standard Life Aberdeen sign up for new 30% Club diversity push

Global asset managers with £10.5trn AUM

clock • 5 min read

Asset managers including J.P Morgan Asset Management (JPMAM), BlackRock and Standard Life Aberdeen have backed a new initiative from the 30% Club to push for greater female representation on UK company boards.

As a McKinsey & Co report revealed financial services were in the "top quartile" for improvements in gender diversity (see below) 27 groups with £10.5trn in AUM have committed to pushing for 30% of women on FTSE 350 boards and 30% of women in senior management at FTSE 100 companies by 2020, according to the Financial Times. The asset managers will engage with boards chairs and "may choose" to vote against the re-election of the chair of the board of nomination committee where there continues to be no evidence of board diversity. Gallery: The highlights from this year's Women in Invest...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot