[ I N T E R V I E W
ethnic and cultural diversity
resulted in a 33% increase in per-
formance.
It’s not just diversity in gen-
der, race, ethnicity and cultural
background. Studies show that
employees from companies which
are diverse in both inherent and
acquired diversity (traits you gain
from life and work experiences)
are 45% more likely to report a
growth in market share over the
previous year and 70% more likely
to report the firm captured a new
market.
The basic way of how this works
is that one utilises the wisdom
of the crowd. A team with very
specific diverse experiences, per-
spectives and skill sets will have
a measurably enhanced ability to
make better informed decisions.
In asset management this can then
lead to creating better models,
which, in turn, enables better
trading and investment decisions.
It’s also one of the key factors
| S T E F A N I E
H O LT Z E - J E N ]
which makes a winning team. The
FX markets are moved by a wide
range of macro-economic indica-
tors and there is no one factor that
is statistically relevant enough to
single-handedly explain or predict
its movements. It’s actually very
important to be able to iden-
tify what the various drivers
are and where these chang-
es are likely to be headed.
Having a wide range of
different views means
you are together better
able to assess potential
risks and rewards when
entering positions in the
FX market. And the more
diverse you are, by defi-
nition, the more ability you
have to make sure you have
covered the whole range of
angles and not excluded anything
because you haven’t been trained
to look at it or an unconscious bias
prevented you from considering a
different outcome.
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