Deutsche Bank to get women in 30% senior roles in next five years
Deutsche Bank, a German multinational investment bank and financial services company, aspires to become gender equal in five years. The company is now aiming to reach 30% by 2025. According to the reports, this aspiring target can only be met if the lender chooses female candidates in at least every other senior hire and promotion.
Deutsche’s global head of human resources, Michael Ilgner has reportedly said,
"Greater diversity among senior executives is a business necessity for us. This will make us stronger as there is plenty of evidence that more diverse teams achieve better results and adjust faster to a changing environment.”
Ilgner acknowledged in a speech to investors that Deutsche had so far “fallen short of the wider gender diversity goals we set in 2019”. Over the past three years, the share of women in the lender’s senior management has largely flatlined.
In 2018 the company witnessed 18 per cent of women-involvement at the managing-director level, which in turn increased marginally to 18.4 per cent in 2020.
The bank said, they will choose candidates based on their talent, no compromise will be done on the quality of work.
Along with achieving gender targets, the company is also focusing on green finance targets as part of a wider push to make environmental, social, and governance principles “the new normal for Deutsche Bank”.
