Chubb and WealthiHer welcome Édéenne to The Ned
Annmarie Camp, Head of Personal Risk Services, Chubb welcomed guests to an exclusive WealthiHer Network event this week at the Ned in London. The fabulous designs of Maison Édéenne took centre stage. Guests viewed seldom exhibited ‘beyond bespoke’ jewellery which was revealed by torchlight in the Vault, the original strongroom of what was once a city bank.
Haute couture designer and artist, Édéenne shared her inspiring story to success, establishing herself as one of the most respected jewellers in Paris, “When I became a jeweller it was mid-life for me, when apprentices normally begin at 20 or sometimes even younger. It is a man’s world, with a strong French tradition. I am Canadian but I see obstacles as opportunities. And I knew this world was my world”
In this personal and fascinating account she also shared a photo of her 18 month granddaughter’. “My dream was to set up a House; to become one of the top Houses of High Jewellery, and I dream that one day my granddaughter will run it!”
Annmarie said: “We are delighted to introduce Édéenne and her amazing works to a new audience. At Chubb we insure people’s most valued possessions and today we heard the stories behind the pieces illustrating the incredible emotional and personal value jewellery can hold.”
It’s good To talk…Exchanging ideas and panel discussions
The WealthiHer Network was delighted to participate in this year’s Women of the Square Mile, held in May. Our stand in the main exhibition became a hub for ideas exchange and discourse on diversity. It was fascinating to meet and talk to so many inspiring women and men keen to shake up the sector.
James Paton-Philip from WealthiHer partner, Irwin Mitchell chaired a thought-provoking series of talks and panels on the theme of What’s In Her Wallet? This included a panel with Anabel Bosman, previously with Julius Baer, and WealthiHer Network co-founder, Tamara Gillan discussing the need for private equity funds to realise the opportunities that come from diversity and why it is a strength in investing.
Other participants in the successful event were Dame Jayne-Anne Gadhia, Melanie Richards, Deputy Chair KPMG, Joanna Place, CEO Bank of England and representatives from a number of WealthiHer founding partners, including Dawn Miller from Chubb.
Next month we are looking forward to another exchange of exciting ideas at the Women in Finance Summit, a one-day conference tackling the big issues facing the sector. Tamara will be sharing her views in the first panel session of the day on Embracing change and managing disruptions, and Kirsty Moore from founding partner HSBC Private Banking will be contributing to a panel on how to support female entrepreneurs secure financial investment.
For information on the summit
The WealthiHer Network partners with The Fix
Michelle P King is an amazing and inspiring woman, dedicating herself to the fight for gender equality. As well as her work as a broadcaster and journalist, she leads the UN Women’s Global Innovation Coalition for Change and is an Advisory Board member for Girl Up, the United Nations Foundation’s adolescent girl campaign.
The WealthiHer Network is proud to have partnered with Michelle and her podcast The Fix, which shares the stories, challenges and triumphs of those taking action to advance women.
The first episode in our series features WealthiHer co-founder, Tamara Gillan and founding partner Lisa Francis, CEO of UK & Ireland Private Bank and Overseas Services at Barclays Investment Bank, discussing the different needs and attitudes of men and women when it comes to money and the need for the industry to adequately account for women as end users. The findings of the WealthiHer Report 2019: Understanding the Diversity of Women’s Wealth are examined including startling facts such as 67% of women want to make a positive impact with their investments.
Additionally, each week, a WealthiHer partner provides their “Fix” for women; helpful advice on how to navigate the world of finance and shoot for success.
Hear Hadyah Fathalla, Executive Director of C5 Accelerate and Kirsty Moore, Managing Director at HSBC Private Banking provide advice on networking and mentorship including Hadyah’s view that “if we work collectively to amplify each other’s efforts and successes, we are more empowered to build a strong professional network of women who can more effectively break existing barriers and achieve greater equality and parity in the workplace.” And Kirsty who urges women that by “ Increasing your visibility by widening your network also means building your professional brand, defining what you believe in and what you stand for”
Emily Cvijan, who works in Private Banking at Investec, shares advice around being comfortable in asking questions and Katie Waite an Investment Manager for 1762 from Brewin Dolphin, shares a tip on investment diversification.
To listen to these and more golden ‘fixes’ over the next 8 weeks click here
Report provides largest analysis ever of UK Women’s attitude to wealth
The WealthiHer Network Report 2019: Understanding the Diversity of Women’s Wealth, is the UK’s largest ever study into the female experience of wealth and the finance industry.
It takes into account the views of thousands of women, to better understand their attitudes to the financial sector and their experiences around wealth and success. The findings are significant, pointing towards differences between men and women and confirming that for women, whilst financial performance is important, personal goals are paramount. For women, wealth is not an end in itself . Wealth means creating opportunities, independence, and providing for those they care about. Irrespective of socioeconomic class, there is an overwhelming desire by women for wealth.
Some 67% said making a positive impact was of high importance.
The report collates a study of 2,542 British adults carried out online by research consultancy Kantar along with an in-depth survey, 1-2-1 interviews and focus groups with over 100 high-net-worth women.
The study found five ways the industry must improve to better cater to women:
- Make the industry more open and accessible with less jargon;
- Improve financial education;
- Offer a more personalised service;
- Provide better access to networks; and
- Include more women in finance roles.
The report, which launches May 1st 2019, was commissioned by The WealthIher Network whose founding partners are: Barclays Private Bank, Brewin Dolphin, Brown Advisory, C5 Capital, Chubb, Close Brothers Asset Management, HSBC Private Banking, Investec Private Bank, J.P. Morgan, Julius Baer and Kleinwort Hambros. It found:
- 73% of women believe men and women have different investment attitudes and styles;
- 71% of women said that men are more likely to take risks;
- Over two thirds of women (67.4%) said making a social impact was of high importance when investing;
- 59% of women interviewed said wealth is about providing for family, security and comfort;
- 70% of women surveyed had self-esteem levels of average or below average and this dropped further in certain contexts such as among divorcees.
The WealthiHer Network, which launched on International Women’s Day this year, was formed to transform the industry’s approach to women.
Co-Founder and entrepreneur Tamara Gillan said:
“Our report found that women believe financial performance is important, but personal goals are paramount. For women, wealth is not an end in itself but a means to an end.
We will work together with our partners to bring the necessary changes needed, in order that women are better served and championed.”
The report includes interviews with inspiring and successful women including broadcaster, author and Investec ambassador Claire Balding, HSBC Private Banking client, founder of Seraphine, Cécile Reinaud, Miishe Addy Co-founder and CEO Jetstream Africa and C5 Accelerate Alumna and social warrior Sian Sutherland co-founder A Plastic Planet who said,
“Money is amazing when you have it and terrible when you don’t. As an entrepreneur married to an entrepreneur, we have lived the rollercoaster of money for 30 years. It is never a smooth road - God knows why we chose it!“
The WealthiHer Network went live on International Women’s Day with
great support from the media and our founding partners
The WealthiHer Network launches on International Women’s Day
The WealthiHer Network, a group of change agents from the world of finance, who have come together to drive positive change, championing female investors, entrepreneurs and clients and celebrating the diversity of women’s wealth launches on International Women’s Day. It includes some of the world’s biggest banks and insurers, collaborating to make the financial world more female focused.
Despite predictions that by 2025 over 60 per cent of the UK’s wealth will be held by women, the financial industries remain dominated by men. The WealthiHer Network aims to change this.
Research, carried out by the world’s leading marketing research and consulting company Kantar, commissioned by the WeathiHer Network and released today, highlights the different attitudes to wealth between men and women.
The survey of 2,542 British adults, carried out online between February 14 and February 19, found:
Women (35 per cent) are over a third less likely than men (48 per cent) to set financial wealth as their main goal.
83 per cent of women say the main reason for wanting to be wealthy is to provide for their family.
Women (20 per cent) are almost half as likely as men (38 per cent) to take risks to maximise financial returns.
One-in-ten women say they would need at least £5 million to feel wealthy.
The WealthiHer Network founding partners include: Barclays Private Bank; Brewin Dolphin; HSBC Private Bank; Investec Private Bank; J.P. Morgan; Brown Advisory; C5 Capital; Chubb; Close Brothers; and Julius Baer.
Co-Founder Tamara Gillan said: “For women, money is not just an end, but a means to an end. They see the opportunities wealth creates for independence, the people they care about, the next generation, and for the benefit of everyone. But their diverse stories of success are not championed. We are going to change that. We are delighted to be launching the WealthiHer Network, a group of change-agents from the world of finance who have come together for the first time to champion female investors, entrepreneurs and clients.”