In celebration of Women’s History Month, Publicis Sapient welcomed female leaders from some of the largest financial institutions to discuss the power of diversity, inclusion and how taking a consumer-first approach will fuel the future of investing. Here are our key takeaways.
Diversity drives performance
According to Katie Koch, co-head of fundamental equity, Goldman Sachs, diverse teams can be a competitive advantage by offering a breath of different perspectives that can drive strategic investment decisions. However, Koch notes, diversity alone isn’t enough. Inclusion of those voices at the table matters too.
To drive this change, Koch says it’s important for organizations to view diversity and inclusion as a performance imperative, with goals directly aligned with business outcomes.
“Diversity is not just an issue of equitability, it’s an issue of alpha as well”, Koch said.
“Successful companies need to reflect the society they’re a part of, as understanding and innovating for a diverse customer base is more important than ever”, Koch said.
Currently, only seven percent of the investing partners at the top 100 venture firms are women and only 26 percent of women currently invest in the stock market. Goldman Sachs Asset Management (GSAM) has been working towards closing the gap, with a number of initiatives intended to empower female investors, increase access to capital for diverse entrepreneurs and help clients bring new voices to their boards.