Home / News / First Sentier commits to a gender target for investment teams

First Sentier commits to a gender target for investment teams


The Financial Services Council (FSC) has introduced its Women in Investment Management Charter (WIM Charter). The purpose of the WIM Charter is to help improve gender balance in investment management, through the introduction of additional accountability and transparency mechanisms to enable organisations to achieve their desired, self-nominated, gender diversity target.  

  • As part of its commitment, First Sentier Investors has set a target to have women comprise at least 40 per cent of its investment management staff in Australia by 2033. 

    Investment management staff are classified as those actively involved in the investment function or who have an investment execution role, such as portfolio managers, investment/research or quantitative analysts, traders and other relevant staff.   

    First Sentier Investors’ managing director, Australia, Liz Hastilow, said diversity and inclusion continue to be priorities  for the business. 

    “There is no silver bullet for improving gender diversity, but setting a target and measuring progress is key to creating change. Our current initiatives are focused on recruitment, and creating a culture which is supportive of women.

    “First Sentier Investors requires recruiters to provide a diverse candidate pool for consideration and at least one female interviewer to participate in recruitment panels. This is already making a difference to the firm, and our graduate program this year, which resulted in the appointment of four female graduates for the four available positions, is testament to our approach,” Ms Hastilow said.  

    As part of his role as chief investment officer, Perry Clausen will be responsible and accountable for achieving gender diversity within the organisation’s investment management teams.  

    He said, “The 2033 target takes into consideration the current composition of our investment teams, and their typically low turnover rate. With long-term team stability being important to meeting our fiduciary obligations, it does mean we need to accept that it will take time to change the diversity profile of these teams. 

    “Our retention and recruitment practices are central to meeting this ambitious target. The reality is that in order for us to achieve this target, two-thirds of future investment management hires will need to be women, and we will need to  retain them as their careers develop,” Clausen says.  

    “While ambitious, we believe this is an achievable target for the business in Australia, and we will be looking at how we apply these principles to our business globally, incorporating other external frameworks as appropriate. 

    “Commitments such as these hopefully send a message to school students, university career counsellors, and even parents, that the asset management industry wants to provide exciting and rewarding career opportunities for more women and improve the current gender imbalance of the industry,” Clausen adds.

    Print Article

    A great way to play the booming natural gas market

    Longreach taps into the LNG market supported by projects in Texas & Oklahoma.

    Ishan Dan | 11th Aug 2022 | More
    ASIC levy review targets adviser ‘time-lag’ issue

    The review will consider “the consequences of time lags between regulatory action and cost allocation”, the terms of reference states.

    Tahn Sharpe | 11th Aug 2022 | More
    AMP Advice to ‘break even’ by 2024 as losses soften

    The institutional provider’s AUM and profit lines stayed red in 1H22, but positive signs emerged.

    Tahn Sharpe | 11th Aug 2022 | More
    Advisers urged to tread carefully with ‘wholesale investor’ status
    Staff Writer | 28th Jul 2022 | More
    Top hedge fund award goes to L1 Capital
    Greg Bright | 13th Dec 2021 | More
    MAX Award winners and the new world outside
    Greg Bright | 13th Jun 2022 | More
    INDepth with Andrew Lockhart from Metrics Credit Partners
    The Inside Adviser | 30th Jun 2022 | More
    Quality of advice review focused on advisers, not consumers
    Drew Meredith | 11th Jul 2022 | More