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It's a Man's World Managing Money for World's Richest Families

Trading On The Floor Of The NYSE As Tech Shares Pull Down U.S. Indexes on Trade Fears
Photographer: Michael Nagle/Bloomberg

Men dominate the largest financial institutions globally even as their executives say they’re trying to make Wall Street more welcoming for women.

The situation is even worse at family offices, outfits which manage money for the world’s richest people. Women account for 9.1 percent of chief executive officers and just 8.6 percent of chief investment officers, according to a report Tuesday by UBS Group AG and researcher Campden Wealth. By comparison, 19 percent of c-suite executives in the asset-management and wholesale-banking industry are women, according to McKinsey & Co.