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Super fund shines light on gender diversity in financial services

3 minute read

HESTA has teamed up with social enterprise Girls of Impact to encourage a focus on gender diversity in the financial services industry.

The $64 billion super fund is launching an innovative collaboration with Girls of Impact to encourage more young women to explore a career in financial services, particularly in areas such as risk and compliance, digital and technology, and investments.

Speaking on the occasion, HESTA’s chief experience officer, Lisa Samuels underlined the widescale financial benefits of improving gender diversity in under-represented sectors like financial services.

“We strongly believe that more diverse and inclusive teams have better decision making, which can lead to stronger long-term performance,” Ms Samuels said, nothing that over 80 per cent of HESTA members are women.

“We’ve certainly seen this at HESTA, and we’re encouraging a focus on gender diversity in our industry and among our partners because we want our members to benefit from this performance edge.”

Girls of Impact chief executive Kate Bushell is hopeful the collaboration with HESTA will ensure more women are appointed to decision-making roles.

Just last week, data by Chief Executive Women (CEW) found that almost two-thirds of the top 300 companies in Australia have no women at all in line management roles. 

“We want to see more girls explore underestimated careers and industries such as funds management and superannuation,” Ms Bushell said.

“This collaboration with HESTA is so crucial because we need more women in decision-making roles, especially in financial services, where investment decisions can impact people’s financial futures and the Australian economy.”

According to Ms Bushell the collaboration will showcase the wide range of career opportunities available to women in financial services and the ability to make a real difference.

HESTA has previously engaged in similar collaborations, teaming up with Future IM/PACT to attract more diverse talent into investment teams.

Maja Garaca Djurdjevic

Maja Garaca Djurdjevic

Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.