Nutmeg CEO Stead on Diversity in Wealth Management Industry

The speaker shares their journey from a working-class background to becoming a CEO in the financial tech industry. They discuss their career at Procter and Gamble, founding an LGBT network, and their entrepreneurial venture with a speed dating service. The speaker emphasizes the importance of diversity in business, highlighting Nutmeg's efforts to democratize wealth management and promote inclusion. They advocate for broader diversity criteria in ESG portfolios to drive societal change.

What was the speaker's first job after graduating from Cambridge University?

• Becoming a CEO at Nutmeg

• Joining Procter and Gamble

• Starting a speed dating service

• Working for EDF

What is the primary mission of Nutmeg, according to the speaker?

• To focus solely on high-net-worth individuals

• To democratize wealth management

• To provide energy solutions

• To create a new LGBT network

According to the speaker, what is a common factor in improving various types of diversity in companies?

• Having separate initiatives for each type of diversity

• Focusing only on gender diversity

• Ignoring diversity altogether

• Creating structures to attract the best talent

What percentage of Nutmeg's customers are female, as mentioned by the speaker?

• 25%

• 10%

• 50%

• 33%

What is one behavior that the speaker notes about female investors at Nutmeg?

• They invest less frequently

• They ride out market volatility

• They make impulsive decisions

• They have higher churn rates

What does the speaker suggest should be included in the criteria for socially responsible investment portfolios?

• Exclusively environmental factors

• A focus on financial performance

• Only gender diversity

• A broader range of diversity criteria

What partnership does the speaker mention in relation to socially responsible investment portfolios?

• A partnership with Procter and Gamble

• A collaboration with EDF

• A joint venture with Cambridge University

• A partnership with MSCI