Women at the top of the financial world

Christine Lagarde – Photograph: Saul Loeb

This summer of 2019 has seen a wave of female appointed CEOs and leaders in the financial world.

Indeed, the management committees of the financial world are becoming more feminine.  This wave began in France with the unanimous appointment of the new President of the FFA, the French Insurance Federation, Florence Lustman, in June. The new president, who will officially take office on October, 1st 2019, has already announced her ambitions: to federate the various insurance structures (insurance companies, bank-insurers and mutual insurers), to restore the public image of insurers, and to put the insurance back at the heart of public debate, by further strengthening the Federation’s lobbyist dimension.

The 20th of June, the private bank Puilaetco & Dewaay (part of the KBL epb group), with €10 billion in assets under management, appointed Ludivine Pilate, former COO and CFO, as CEO. The Solvay Alumni has worked in consultancy before joining UBS in 2013, later bought by Puilaetco & Dewaay.

At the beginning of July, the announcement of the new President of the ECB, Christine Lagarde, has caused a turmoil. The future former President of the IMF will step down in September 2019 and take over from Mario Draghi in October.

Then, mid-July, Accenture announced the appointment of its new CEO: Julie Sweet. The Californian Columbia Alumni began her career as a lawyer before joining this consultancy behemoth almost 10 years ago. She takes over the French former CEO, Pierre Nanterme, who passed away in January. Julie Sweet has always been vocal about women’s right and equality, and her nomination is, in this almost only masculine S&P500 index, quite a symbol.

We can only applaud this step closer towards parity. Summer is not over yet, let’s wait and see what else it has in store for us.

 

Sources :

(FR) Argus de l’Assurance | 04/07/2019

(FR) L’Echo | 21/06/2019

(FR) Les Echos | 03/07/2019

(FR) Les Echos | 12/07/2019