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ABGSC Women in Finance Foundation and GAIN Sweden host event in Stockholm for the release of CORE’s gender equality research
ABGSC Women in Finance Foundation
On 1 September, the ABGSC Women in Finance Foundation and the charity GAIN Sweden gathered around 40 representatives of the finance industry at ABG Sundal Collier’s Stockholm office for the presentation of new research aiming to provide insight into the barriers affecting gender equality in the finance industry in the Nordics. The research report, produced by the Centre for Research on Gender Equality (“CORE”) at the Institute for Social Research in Oslo and funded by the ABGSC Women in Finance Foundation, was titled “Availability and substitutability in finance: Gender equality challenges when the dynamics of the global financial market meet the Norwegian work-family model”.
During the event, GAIN Sweden’s Managing Director, Emmy Sendow, welcomed the guests after a mingling session. The Foundation’s Managing Director, Marianne Daae, then held the opening speech in which she introduced the Foundation’s work and the background for the research project by highlighting its importance in relation to the Foundation’s goal to increase female participation in the financial sector. CORE’s Sigtona Halrynjo, co-author of the report, capped off the event with a detailed summary of the research results. She explained how their analysis shows that the gender imbalance in “front-office” roles continues due to how such roles are incentivized: individuals are motivated to work long hours, be maximally available, and deliver work as expediently as possible to compete for new business, bonuses and advancement. The researchers thus highlighted these dynamics of worktime as a key driving mechanism and suggested that structural change within the client-driven front finance sector will be needed to allow individuals to better balance the demands of family life alongside those of front-office finance roles. The full report can be accessed here.
About CORE
CORE – Centre for Research on Gender Equality conducts research on gender equality, with particular emphasis on gender equality challenges in working life.
CORE aims to produce high-quality and relevant social science research on gender equality challenges and further develop methods and models for knowledge and network building and research dissemination, with the ambition of promoting research on gender equality in Norway.
CORE is part of the Institute for Social Research, which is organized as a foundation and has, since its establishment in 1950, played a vital role in the development of Norwegian social research. The institute has almost 60 permanent employees and its goal is to be a leading research community on the topics of society, politics and working life.
Read more about CORE here: link
About GAIN (Girls Are Investors) Sweden
GAIN (Girls Are Investors) Sweden is a charity that aims to increase the entry-level gender diversity in investment management. Through a wide range of resources, programmes and hands-on work opportunities, the organization aims to encourage more young women and non-binary individuals to enter the finance industry in Sweden. GAIN Sweden is the first international venture of GAIN UK, which has been operating across England and Wales since 2019. In the last 5 years GAIN UK has reached over 50,000 students and works directly with 250+ investment firms.
Read more about the non-profit organization here.
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