August 2023

Women's Equality Day: STA Women of the Board Reflect

This Saturday, August 26 is Women's Equality Day, which honors the anniversary of the ratification of the 19th Amendment, officially giving women the right to vote in the United States. While incredible strides have been made since then, the fight for women's equality continues around the world, including within our own industry.

As leaders and role models for women in financial services, we asked the women of the STA Board to share what equality means to them:

"For me, the day a woman ceases to think about inequality is going to be a new day to celebrate the achievement of equality. In finance and industries beyond, companies have to recognize the unique needs of women throughout their professional lives and provide them the right tools to succeed."

- Inessa Ruffman, JonesTrading, STA WIF Chair

"Women’s Equality Day to me represents how everyone should act every day. Everyone should be equally heard, paid, promoted and considered."

- Stephanie Minister, LiquidityBook, STA Governor

"Equality to me is hiring the best person for the job regardless of gender or race and being compensated based on the role, not a person’s gender. Equality is being asked for my opinion rather than having to offer it, and my contributions being considered in earnest as my male colleagues would be."

- Paula Sexsmith, Viewpoint Investment Partners, STA Governor

"No matter the cause, having the courage to fight for women's equality is the first and most important step."

- Erin Kelly, STA

"To me, Women's Equality Day represents our continued work toward equal career opportunities. We need to continue this journey until women are paid on par with their male counterparts and have the same prospects for advancement."

- Kate McAllister, Global Liquidity Partners, STA Past Chair

"For me, the core of Women's Equality Day is around equal compensation and opportunity based on ability - not gender."

- Patricia Koetzner, Siebert Williams Shank & Co, STA Governor

8th Annual STA Women in Finance Symposium

Featuring Keynote Speaker

Tracy Caliendo

Managing Director, Head of Global Commission Management and Hedge Fund Services

Bank of America Securities

Wednesday, Oct. 11

11:30 a.m. - 1:00 p.m.

JW Marriott Washington DC

Penn Avenue Terrace

Sponsored by

Traders Magazine:

An Interview with ITAP President Christina Kowalski

Check out ITAP President Christina Kowalski's interview with Traders Magazine! In this piece, Christina touches on ITAP's 100th anniversary, the importance of DE&I, her experience as a woman in trading and much more.

Read Here

Check out the latest edition of STA WIF's "Changing the Face of Financial Services" interview series, featuring Ashley Banfield, Co-Head of Global Execution Strategy in the Equity division at Fidelity Investments.

Ashley Banfield

Co-Head of Global Execution Strategy

Fidelity Investments

Read Interview

Women in Finance Events

August 22: STANY WIF Pitch, Putt and Sip Golf Clinic

Thanks to all who came out to Garden City Country Club this week to perfect their swing at STANY's WIF golf clinic!

Articles of Interest


Are Women More Worried About Inflation Than Men?

Financial Times

Almost a decade ago, the economists Francesco D’Acunto, Ulrike Malmendier and Michael Weber examined the responses given by 18,000 Americans to the Chicago Booth Expectations and Attitudes Survey. The study, by the University of Chicago’s Booth School of Business, tracked consumer attitudes to the economy and showed that, measured overall, on average women expected future price growth of 5.1% while men projected inflation of “only” 4.6%.


Men Are More Likely To Lose Cash to Scammers: What Women Are Doing To Protect Themselves


It might be hard to believe, but the world of financial scams seems to have a surprising gender twist. Out of all Americans dealing with identity theft and financial fraud stress, it’s the guys who seem to be getting the shorter end of the stick.In a recent survey conducted by GOBankingRates, intriguing statistics come to light: While 39% of Americans have faced the dreaded trio of financial woes, the data dances with a gender tilt. Among the scam victims, a chunky 40% are men, slightly nudging ahead of women at 38%.


Take Back Your Time: Tips For Women In Business To Create More Balance


As a woman in business, I have felt the frustration of working with a limited amount of time. I was told at a young age, “It's not possible to have everything.” As I became an adult and struggled to be a successful CEO, wife and mom, I often heard these words ringing in my ears.


4 Steps to Improve Financial Literacy for Women

ETF Database

Like in so many industries that are predominantly male-led, the financial services sector has largely neglected the female perspective in finance. Women control a little over half U.S. personal wealth, and by the end of the decade are expected to control an additional $30 trillion. Yet, women remain the largest underserved group of investors, which means financial advisors who are ill-prepared to serve women are leaving a $700 billion opportunity.


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