Quick data overview as at 31 December 2023
- Total number of firms tracked across Europe: 84
- Total number of European board directors monitored: 1014
- Total number of female board directors monitored: 432
- Total number of male board directors monitored: 582
- Total number of European board director exits in 2023: 146
- Total number of new European board directors in 2023: 110
Notes to editors:
- This is the fourth launch of the EY European Financial Services Boardroom Monitor, and data is current to 31st December 2023
- The EY European Financial Services Boardroom Monitor does not track the race and ethnicity of board members, as there is no standardized format for directors to disclose against
- This release incorporates a survey of 300 European and UK-based fund managers undertaken in June 2023, who have, or are able to have, exposure to European financial services companies within their portfolios.
- * Most senior board positions refers to defined under the FCA’s proposed changes to UK Listing Rules as Chair, Chief Executive Officer, Senior Independent Director or Chief Financial Officer
About the EY Boardroom Monitor
The EY Financial Services European Boardroom Monitor tracks the experience, background, and skillsets of board members across a defined universe of financial services firms to create a broad picture of the gaps in experience and possible pressure points within the listed European financial services markets.
The EY Financial Services European Boardroom Monitor tracks and analyses data across a wide range of factors, including gender and age, as well as professional experience and skills.
The EY Financial Services European Boardroom Monitor is comprised of disclosable, publicly available data on board appointments at listed banks, wealth and asset managers, FinTechs and insurers across the UK, Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, Sweden and Switzerland, using the MSCI European Financials Index as the core universe.
This release incorporates a survey of 300 European and UK-based fund managers who have, or are able to have, exposure to European financial services companies within their portfolios. The survey asks about the biggest risks to European Financial Services companies and where investors see the biggest skillset gaps within boardrooms.
These two data sets are compared to assess where European financial services boardrooms in different markets and sectors appear to have skillset and diversity gaps relative to shareholder priorities. This allows an ongoing assessment of how the composition of boardrooms compares to the expectations of investors.