Bloomberg Daybreak: Europe Edition Women Driving Outperformance, Syria's Rebel Government & CEO Shooting Suspect Charged
Dec 10, 2024
Rosalem Atson, EMEA News Director at Bloomberg, shares valuable insights on female leadership in business. She presents data showing how gender-diverse companies enjoy higher shareholder returns and discusses the growing influence of women in wealth management. The conversation also touches on Jane Fraser of Citigroup and her initiatives for bank transformation. Atson further delves into the complexities of Syria's transitional government, highlighting the challenges faced amid ongoing regional turmoil.
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Gender Diversity & Returns
- Female board representation has nearly tripled since 2010, and gender-diverse companies yield higher shareholder returns.
- Bloomberg Intelligence found top gender-diverse firms outperform others by 2-5% in developed markets.
Citigroup's Turnaround Focus
- Citigroup CEO Jane Fraser prioritizes technology improvements, cost reduction, and fee revenue growth.
- She emphasizes a long-term turnaround strategy, resisting short-term grading pressures.
Women's Growing Financial Power
- Women are gaining control over more investable assets, influencing wealth management and philanthropy.
- This trend is driven by longer lifespans and more women in high-paying careers.