Founding partner J.P. Morgan will lead the network’s expansion to empower women in the region to grow and protect their wealth.
The WealthiHer Network, an organization founded to make the financial industry more female-focused, has announced that it will bring its activities to Asia in 2020, and bring together leading banks in the region to «drive the global empowerment and advancement of women.»
The network, whose activities include events and information, will first launch in Hong Kong. Its launch will be supported by J.P. Morgan. «We have a global commitment to advancing women’s financial confidence, as well as their career growth and entrepreneurial success,» said Kam Shing Kwang, CEO of J.P. Morgan Asia Private Bank.
Supporting Women
«We want to inspire and empower women, as well as demonstrate the benefits of gender equality to business and society in general,» said Tamara Gillan, founder The WealthiHer Network, said.
Gillan, who leads marketing agency Cherry London, a champion for female empowerment, founded the organization in 2019 with Lauren von Stackelberg, a diversity change agent who spent 10 years in finance.
According to its website, WealthiHer aims at «helping women be more understood, accepted and catered for and in doing so supporting women to protect and grow their wealth.»
Gender Differences Study
WealthiHer also highlighted results from the «Women In Finance Asia» study conducted by Kanter, which the organization commissioned. The study looked at the differences in attitude towards wealth and finance between men and women in Hong Kong, Singapore, Malaysia and Vietnam.
According to the report, women in Asia are as engaged as men in finance, but 49 percent say they lack confidence in financial matters; 68 percent of women in Hong Kong are likely to be denied funding; 80 percent of women in Singapore are concerned about gender bias in the finance industry; and they are 33 percent less likely to be the sole decisionmaker on investment products than Asian men.
