Join us in October for the return of the FT's summit on gender equality in business. Hear leaders share their stories of success and setbacks, learn from honest discussion about the obstacles stalling further progress, and take part in forward-looking, action-focused debate with the women and men driving change.
FT Women at the Top 2019
Money and Power
Will Carling OBE
Inga Beale DBE
The world is run by those with the most money and power, who for centuries have shaped hierarchies, cultural norms and the structure of how people live and work. Today, despite significant efforts from government and business to shift a greater share of money and power to women this imbalance persists. The number of women at the top of FTSE 350 and S&P 500 companies has dropped in the last year, while the gender pay gap, investment gap and pensions gap remain. Enforced transparency and societal pressure has brought hidden power inequalities to light and helped to drive progress, but to achieve further meaningful change, business and policy leaders must show commitment to more action.
The need for gender equality is widely accepted, yet progress on achieving this in the workplace is in danger of grinding to a halt. What is impeding a breakthrough? For forward-thinking organisations investing more time and effort in trying to get it right, how do you know you are making changes that will shift the dial? How will power dynamics evolve if money starts to be controlled by different hands?
Will Carling OBE
Will Carling was England’s youngest and is the world’s longest serving rugby captain, steering the side to memorable back-to-back Grand Slam wins in 1991, 1992 and 1995 and to the World Cup Final, before retiring in 1997. England’s dramatic win over the touring All-Blacks in November 1993 meant that he captained a winning team at least once against all of the world’s major rugby playing nations.
Since retiring from rugby he has set up WCM Ltd, a sports hospitality and event management company, and The Pack, which organises cycling days alongside current and former sports professionals and will launch a corporate cycling club this year. In 2018 he was appointed by England’s head coach Eddie Jones to be a leadership mentor for the England rugby team.
Mr Carling started his career in the military before pursuing rugby full-time. He joined the British Army before university and was commissioned as Lieutenant in the Royal Regiment of Wales. He resigned from his post to focus on rugby, and played for the Harlequins before becoming England rugby captain in 1988 at the age of 22. He holds a BA in Psychology from Durham University and was awarded an OBE in 1991.
Julia Gillard served as the 27th Prime Minister of Australia from 2010 until 2013. As Prime Minister and in her previous role as Deputy Prime Minister, Ms Gillard was central to the successful management of Australia’s economy, the 12th biggest in the world, during the global financial crisis. She delivered nation-changing policies including reforming Australian education at every level, from early childhood to university education, and commenced the nation’s first ever national scheme to care for people with disabilities.
Ms Gillard is the first woman to ever serve as Australia’s Prime Minister or Deputy Prime Minister. In October 2012, she received worldwide attention for her speech in Parliament on the treatment of women in professional and public life. In April 2018, Ms Gillard was appointed Inaugural Chair of the Global Institute for Women’s Leadership at King’s College London, which will work to address women’s underrepresentation in leadership positions, and the way gender negatively impacts the evaluation of women leaders. Ms Gillard is also Chair of the Global Partnership for Education, and is a non-resident Distinguished Senior Fellow with the Center for Universal Education at the Brookings Institution in Washington.
Inga Beale DBE
Dame Inga Beale is a British businesswoman and the former Chief Executive Officer of Lloyd’s of London, the 330-year-old insurance and reinsurance market. With more than three decades of global experience in financial services she was awarded a Damehood in the 2017 New Year Honours for services to the UK economy and for her contributions to driving the inclusion agenda for women and the LGBT community.
During her five year tenure at Lloyd’s, Dame Inga was responsible for accelerating the modernisation of the insurance market and embedding an innovation culture. As the first female Chief Executive of Lloyd’s she also played a critical role in advancing diversity and inclusion initiatives across the global insurance sector, including the Dive In Festival – the only sector-wide diversity and inclusion festival in the world. Dame Inga has served on numerous boards over the years and she is currently a member of the London First Board and the London Mayor’s Business Advisory
Board. She is Patron of Insuring Women’s Futures and her philanthropic interests include being a member of Stonewall’s Development Council and the Pitt Rivers Museum Advisory Board at Oxford University.
Vivian Hunt DBE
Vivian Hunt is the Managing Partner for McKinsey & Company’s United Kingdom and Ireland offices and is a Senior Partner. She previously led the firm’s Pharmaceutical & Medical Products practice in EMEA, and continues to advise leading companies on a broad range of strategy topics, with a particular focus on performance transformation and organisational development. She also provides strategic advice to leading British companies in the private, public and third sectors. She serves on the firm’s global Board of Directors, its Values Committee, and on several personnel committees.
In addition to her client responsibilities, Ms Hunt is a leader within the firm on leadership and diversity. She frequently speaks on McKinsey & Company’s flagship research and co-authored publications such as: 'Women Matter', 'Diversity Matters' and 'The Power of Parity: How advancing women’s equality can add $12 trillion to global growth'. She was previously named ‘the most influential black woman in Britain’ by the Powerlist Foundation and the Financial Times identified her as one of the ‘European Women to Watch’ and more recently as one the 30 most influential people in the City of London. She is on the Board of several important business groups in the UK, including BritishAmerican Business, the CBI London Council, and the Mayor of London’s Business Advisory Board. She is also a member of the Trilateral Commission. Ms Hunt is a trustee of the Henry Smith Charity and is Chair of HRH Prince of Wales’ Business in the Community's ‘Seeing is Believing’ programme as well as a reader for the Queen’s Anniversary Prize. She sits on the Advisory Council of the Tate Modern and the Southbank Centre, as well as Teach First’s Business Leaders Council and on the Board of the US-UK Fulbright Commission. She is an alumna of Harvard College and received her MBA from Harvard Business School. She has also been awarded an Honorary Doctorate of Law from the University of Warwick and an Honorary Doctorate from the University of York. In 2018, she was appointed Dame Commander of the Order of the British Empire for services to the economy and women in business.
Iona Bain is the UK's go-to voice on young people's finances, having established the pioneering and award-winning Young Money Blog in 2011. She writes regularly for FT Money as well as other titles, is a Moneybox presenter and also appears frequently on TV and radio to talk about millennial money. She is the youngest governor of the Pensions Policy Institute, part of the expert advisory team for the Insuring Women's Futures campaign and a founding member of the Next Generation Pensions Group. She has nearly finished writing her second book about investing for young people following her acclaimed debut, Spare Change: Better Ways to Manage Money, in 2016.
Ruby McGregor-Smith CBE
Ruby McGregor-Smith is a portfolio Non-Executive Director and Advisory Director with current positions which include Mace Group , the Department of Education and Bath University. She was the Chief Executive of Mitie Group plc, the strategic outsourcing company, from 2007 until 2016, having joined the company in 2002. She is one of a small number of women who have held the position of Chief Executive in the FTSE 100 and FTSE 250 and is the first Asian woman to be appointed in such a role within that group of companies. She was recognised as a top 50 female world business leader by the FT in 2013.
Ms McGregor-Smith was also an Independent Non-Executive Director of the recruitment company PageGroup, appointed to the Board in May 2007. She chaired the Audit Committee, was a Member of Nomination and Remuneration Committees and also latterly their Senior Independent Director. She is a member of the Women’s Business Council (previously Chair) and a Member of the European Committee for Internal Markets in the House of Lords. She is responsible for the Independent Report to the UK Government on Race in the Workplace published in February 2017.
Nigel Wilson has been Group Chief Executive of Legal & General since 2012, having joined the company as Group Chief Financial Officer in 2009. He was Senior Independent Director (SID) of The Capita Group Plc from 2009 till 2012, and SID/Chairman of Halfords Group Plc from 2006 till 2011. Prior to his he was at McKinsey & Co and other roles have included Group Commercial Director of Dixons Group Plc; Managing Director of Stanhope Properties Plc; Chief Executive, Corporate, of Guinness Peat Aviation (GPA); Managing Director of Viridian Capital; and Deputy Chief Executive and Chief Financial Officer of UBM.
Dr Wilson was Chairman of the Investment Association’s review of Executive Pay (2016-2017) and the government's review of Mission Led Business (2016-2017). He was also a member of the government's Patient Capital Review Industry Panel (2017–2018) and a Commissioner in the Resolution Foundation’s Intergenerational Commission (2017–2018).
He holds a PhD from the Massachusetts Institute of Technology, where he was a Kennedy Scholar, and a recipient of the Alfred P Sloan research scholarship. He also worked at the National Bureau of Economic Research. He has a BA and an MA from the University of Essex. He won the ‘Most Admired Leader’ award at Britain's Most Admired Companies Awards 2017, for Management Today. He was also City AM "Business Personality of the Year" in 2014, and a member of the Prime Minister’s Business Advisory Group from 2015 to 2016. He has won numerous national masters Athletics Championships and has five daughters. He is leading the 50/50 by 20/20 gender diversity initiative.
Denise Wilson OBE
Denise Wilson is Chief Executive of the Government-sponsored Hampton-Alexander Review, formerly the Davies Review for Women on Boards, which leads the national, business-focused task force and voluntary framework for increasing the number of women on FTSE 350 Boards and in leadership. She is also on the Board of Ecclesiastical Insurance Group, Chair of the
Remuneration Committee and member of the Audit Committee. She is a mentor to business leaders in the corporate and charitable sectors and an influential speaker and advocate for the advancement of women in the workplace.
Ms Wilson is a former Chair of the Royal Academy of Arts Friends Board and Trustee for All Churches Trust, one of the top five corporate donors in the UK and has spent more than 30 years working for large corporate organisations. Her career began as a graduate with the Royal & Sun Alliance Insurance Group in London, going on to hold a number of senior roles at British Gas in the post-privatisation years, in corporate centre functions, finance and overseas acquisitions. She has also worked extensively in South America and the US in various executive positions with BG Group and latterly National Grid. She is a graduate in Modern Languages, qualified FCII and speaks fluent Spanish. She was awarded an OBE in the 2015 New Year’s Honours list for services to women and equality and an honorary Doctorate of Letters from the University of Hull in 2018.
Elizabeth Corley is Chair of the UK Government’s Implementation Taskforce on social impact investing. From 2005 to 2016, Ms Corley was CEO of Allianz Global Investors, initially for Europe then globally, and she continues to act as a senior advisor to the firm.
Ms Corley was previously at Merrill Lynch Investment Managers and Coopers & Lybrand. She serves on three company boards as a non-executive director: Pearson, BAE Systems and Morgan Stanley.
Lionel Barber is the Editor of the Financial Times. Since his appointment in 2005, Mr Barber has helped solidify the FT’s position as one of the first publishers to successfully transform itself into a multichannel news organisation. During his tenure, the FT has won numerous global prizes for its journalism, including Newspaper of the Year, Overseas Press Club, Gerald Loeb and Society of Publishers in Asia awards.
Mr Barber has co-written several books and has lectured widely on foreign policy, transatlantic relations, and European security and monetary union in the US and Europe, and appears regularly on TV and radio around the world. As Editor, he has interviewed many of the world’s leaders in business and politics, including US President Donald Trump, President of the European Commission Jean-Claude Juncker, Chancellor Angela Merkel of Germany, and President of Iran, Hassan Rouhani.
Mr Barber has received several distinguished awards, including the St George Society medal of honour and the Legion d’Honneur for his contribution to journalism. In February 2018 he received The Media Society's Annual Award.
He serves on the Board of Trustees at the Carnegie Corporation of New York and is Chairman of the Tate.
Angela Mackay is Global Publisher of FT Live and Managing Director of FT Asia Pacific. Based in Hong Kong, she is a member of the FT’s global board. In Asia Pacific, Ms Mackay focuses on developing the group’s significant potential across the region. This includes FTChinese.com, the mainland's leading foreign-owned, Chinese-language news site, as well as the FT's burgeoning executive education business.
As Global Publisher for FT Live, Ms Mackay leads business and strategy development for events, membership and communities, such as the 125 Forum and the Non-Executive Directors (NED) programmes. The FT stages more than 200 events around the world annually. Ms Mackay joined the FT in 2003 on its editorial team, serving as the Asia Investment Editor for two years.
Before joining the FT, she was Asia Editor for Sunday Business from 1998 to 2001. Her previous roles include Editor at The Economist Group, Supervising Producer at CNBC, Deputy News Editor at The Times in London, and UK Correspondent for the Australian Financial Review.
Ms Mackay is a Non-executive Director of the FT/IE Corporate Learning Alliance, and a Board Member of the Hong Kong International Literary Festival, Asian Youth Orchestra and the Sovereign Art Foundation. She holds a BA in English Literature and an LLB, and was admitted as a solicitor in New South Wales and Victoria, Australia.
Sarah Gordon is the Financial Times’ Business Editor and an Associate Editor, with overall responsibility for covering business developments in Europe. She took up the role in 2014. Prior to this she was the FT’s Companies Editor and an Assistant Editor, and before that she was the International Company News Editor, overseeing the coverage of international company news in the daily newspaper and on FT.com.
Ms Gordon previously spent three years as a writer and Assistant Editor on the Lex column, and before that she was Deputy Personal Finance Editor. She joined the Financial Times in 2001 on the UK companies desk. Before joining the Financial Times Ms Gordon worked in emerging markets fund management for Citigroup's asset management business, and before that she worked as an economist in London, reviewing political and economic events and producing analysis of the global economy. She started her career working for the UN Conference for Trade and Development debt management programme in Geneva. Ms Gordon holds a BA Honours in English Literature from Clare College, Cambridge, and a Master’s degree in Latin American Politics and Economics from Oxford. Follow Sarah Gordon on Twitter at @sarahgor
Andrew Hill is an award-winning columnist and senior journalist at the Financial Times. As Associate Editor and Management Editor, he writes a weekly column on business, strategy and management, as well as contributing longer features and taking part in video discussions and podcasts. He is a regular public speaker and chair of panels on leadership and management.
Since joining the FT in 1988, Andrew has worked in various roles, including editor of the daily Lombard column on British business and finance, Financial Editor, Comment & Analysis Editor, New York Bureau Chief, Foreign News Editor, and correspondent in Brussels and Milan. He is a member of the FT’s Editorial Board.
Andrew was named Business Commentator of the Year 2016 in the Editorial Intelligence Comment Awards and Best Commentator at the 2009 Business Journalist of the Year Awards, where he also received the Decade of Excellence award for sustained achievement in business and financial journalism.
His latest book is Ruskinland (Pallas Athene, 2019), a personal exploration of John Ruskin’s life, work and enduring influence on our world, published to coincide with the bicentenary of the great thinker’s birth. He is also the author of Leadership in the Headlines (FT Publishing, 2016), a selection of his FT columns and insights about how leaders lead.
Claer Barrett is the Financial Times' Personal Finance Editor as well as the editor of FT Money. She has worked for the FT group for over a decade, joining the Investors Chronicle magazine as the financial crisis took hold, specialising in property and buy-to-let investment. She became the FT's retail correspondent in 2011, then served as deputy UK news editor before being appointed to her current role. Her weekly Serious Money column won the Headline Money commentator of the year award in 2016 and 2017. A frequent contributor to TV and radio debates on personal finance and investing, she is an expert on the BBC1 series Right on the Money.
Agenda - 17th Oct
8:00amRegistration and networking
8:50amOpening remarks from the FT
Angela Mackay, Chair of Women at the Top; Member of the FT Group Management Board, Financial Times
Lionel Barber, Editor, Financial Times
9:00am1. MONEY AND POWER
Opening keynote: Redefining power
9:25amMoney management: the great missed opportunity
Women are vastly outnumbered by men in asset management. They occupy an estimated one in ten roles, and about 90 per cent of the money in funds is managed by men. Why does this matter, and what is the asset management industry doing to change it? As women’s wealth rises, how could advisers better serve their female clients, and how are female investors influencing the investment landscape?
10:00amLeadership: How I got here
10:40amPay: Time for action
How successful has UK gender pay gap reporting been and what are the next steps? What pressure will the government and regulators be putting on companies who fail to produce action plans and what will the repercussions be for those whose gender pay gap does not budge? What lessons can be learnt from this exercise amidst calls for ethnic and disability pay gap reporting?
11:10amResearch insights from McKinsey
11:30amLeadership: How I got here
Optional speed networking
1:30pm2. ACTION: YOUR COMPANY
The Top 5 excuses and how to tackle them
What are the reasons companies most often give in response to pressure to appoint more women into senior positions? What do these excuses tell us about why progress is so slow? If more women are being shortlisted for the most senior roles, what barriers are stopping managers appointing them to boards and executive committees? As some raise concerns about ‘gender fatigue’ and ‘left-behind’ men, we look at why it is so difficult to share power.
2:05pmLive demo: How tech can help make the workplace fairer
A showcase for how robotics and machine-learning are transforming the way companies search for, hire and retain their staff, for example using AI to blind-process CVs.
2:35pmGet uncomfortable: Managing diverse teams
Some things may initially take longer or be harder work in more diverse teams, and leading or being part of such a team can be uncomfortable. Whether you are inheriting a team or starting one from scratch, we discuss tips to help you get the best out of all your team members and avoid misunderstandings and pitfalls along the way. Find out how successful diverse teams operate, and what kind of leadership they need in order to thrive.
3:35pm3. ACTION: YOUR CAREER
Leadership: How I got here
3:45pmMaking the most of your money
Women get lower pensions and generally have less savings than men, putting retirement funds at risk and threatening future independence. This practical session will tell you how to avoid costly financial mistakes and have the best chance of being rich when you’re 80.
Moderated by Claer Barrett, Personal Finance Editor, Financial Times; Editor, FT Money
Here we look at what lessons can be learnt from failure or other setbacks, such as losing out on a promotion, and how to make a successful comeback.Do different cultures have different attitudes to leaders who falter? If you fall at a career hurdle, should you lay low or dive straight back into the race? Is the ability to overcome failure valued?
4:35pmHow to pitch and how to be pitched to
Female entrepreneurs often face challenges when pitching for funding, but venture capitalists are missing a trick if they disregard women, since analysis shows they make more money for investors in the long run. We look at the best ways to pitch, and also how to listen to a pitch from the viewpoint of an investor – how can both sides make sure female-led pitches get a fair chance of success?
5:00pmHow to win
Will Carling OBE, former England rugby captain
5:30pmFT review of the day’s themes
What will you pledge to do after today’s discussions?
After the summit each participant will receive a toolkit packed with examples and actionable tips.
5:40pmClosing remarks from the FT
Angela Mackay, Chair of Women at the Top; Member of the FT Group Management Board, Financial Times
6:10pmEvening keynote & Q&A
7:00pmDrinks and networking
- Join the vanguard of those driving progress and participate in cutting edge debate on gender diversity. Show your commitment to making work and and home life fairer for women and men.
- Listen to successful leaders talk about their journey to the top, with honesty about setbacks and what they have learnt about leadership.
- Hear the top excuses companies give for not appointing women leaders, about the tech tools making work fairer, and how to lead diverse teams.
- Learn how to pitch an idea, bounce back from career hurdles, and avoid costly financial mistakes in order to make the most of your money.
- Understand why a fairer work culture benefits everyone, and why it’s good for business. Hear from and network with advocates of best practice on pay gap transparency, shared parental leave, flexible working, role models, and more.
- Learn about the changes you need to make now to attract and retain younger employees, for whom diversity is an essential attribute of a progressive employer.
- Find out what you can do to take action and pick up practical tips to help you drive progress and lead by example.
222 Marylebone Road
London NW1 6JQ
United KingdomTel: +44 (0) 20 7631 8000
Knowledge partner (1)
McKinsey & Company is a global management consulting firm, deeply committed to helping institutions in the private, public, and social sectors achieve lasting success. For over 90 years, our primary objective has been to serve as our clients' most trusted external advisor. With consultants in over 120 cities in more than 60 countries, across industries and functions, we bring unparalleled expertise to clients anywhere in the world. We work closely with teams at all levels of an organisation to shape winning strategies, mobilise for change, build capabilities and drive successful execution.
Strategic partner (2)
Corporate & Investment Banking (CIB) brings together Deutsche Bank’s commercial banking, corporate finance, and transaction banking expertise under one common leadership. It is formed of the Bank’s Corporate Finance and Global Transaction Banking businesses.
Global Transaction Banking (GTB) provides commercial banking products and services for both corporate clients and financial institutions worldwide, including domestic and cross-border payments, risk management and financing of international trade as well as trust, agency, depositary, custody and related services. GTB comprises Cash Management, Trade Finance and Securities Services.
Our Trade Finance and Cash Management teams provide a combination of commercial banking products and services for corporates and financial institutions, dealing with the management and processing of domestic and cross-border payments, risk mitigation for international trade and asset and liability management. Our customers are supported in their domestic, regional and global trade finance and cash management programs through Deutsche Bank’s extensive global network of offices.
Cass Business School has been a leading global business school for over 50 years. Driven by world-class knowledge, innovative education, a vibrant community and located in the heart of financial London, we also have strong links with the thriving entrepreneurial hub of Tech City.
On graduation, 4,000 students join a 45,000 strong alumni community across 160 countries from a range of globally renowned programmes including undergraduate, master’s, MBA, Executive Education and PhD.
Cass launched its Global Women’s Leadership Programme in 2016 to fuel the development of responsible, authentic and thriving womenleaders, providing support through all stages of their careers.
Supporting partner (2)
Henley was one of UK’s first business schools and aims to empower individuals to become great professionals and outstanding business leaders. Our courses are enriched by up to date knowledge and research, interactive teaching and applied study projects, with academic theory applied to real world examples to help bring business to life. We offer programmes for students and professionals at every stage of their career – from undergraduate through to postgraduate, PhD, MBA, DBA and Executive Education.
We’re widely recognised for our diversity and international reach; we have staff and students representing more than 100 nationalities and 74,000 alumni members in 150 countries.
We are proud to offer a Women in Leadership Scholarship for our Executive and Flexible Executive MBA programmes in collaboration with the Financial Times and the 30% Club. Hear more about Henley from our MBA staff, students and alumni here.
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs.
Our customers come from a wide range of backgrounds, and so do our people. We aim to reflect and celebrate diversity in our workplace in order to create an inclusive culture that adds real value to our business. We believe that having a diverse range of backgrounds and perspectives makes us stronger and helps us attract and retain talented people and develop them to their full potential.
At 30 June 2017, Santander UK serves around 14 million active customers with c19,500 employees and operates through 826 branches (which includes 61 university branches) and 65 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Supporting Organisations (1)
WeAreTheCity is a free, centralised hub and includes gender-related news, a networks directory, calendar of events and conferences, returnships, business schools, inspirational women profiles, HeForShe interviews, giving back and jobs. Our aim is to encourage women to progress in their careers through proactive activities such as networking, events, further education and training in addition to helping corporate organisations attract, retain and develop their female employees.