Samantha Costanzo, the newly appointed head of public finance at Huntington National Bank, sheds light on the challenges women face in the male-dominated financial services industry. Costanzo acknowledges the disparity in gender representation in finance, describing it as a “chicken and egg problem.” Despite the obstacles, she remains hopeful and believes in the power of women supporting and empowering one another.
Data from McKinsey & Company and Deloitte highlight the existing gender gaps in the financial services sector. There is a noticeable “leaky pipeline” for women progressing up the career ladder, with significant underrepresentation at the C-suite and senior leadership levels. However, there is a positive “multiplier effect” when it comes to hiring women in top positions, showing the potential for progress and change in the industry.
Costanzo emphasizes the importance of mentorship and support for women in finance. As a mentor herself, she draws on her experiences and lessons learned to guide other women in navigating their careers. She encourages women to step out of their comfort zones and take on new challenges to facilitate their professional growth and advancement.
Balancing a career with family responsibilities is a common concern for women in finance. Costanzo emphasizes the significance of good family leave policies for both men and women, advocating for equal opportunities for parental bonding. She believes that offering comprehensive parental leave benefits is essential for promoting diversity and inclusion in the workplace.
Looking ahead, Costanzo remains optimistic about the prospects in public finance. Despite the uncertainties in the market, she sees a positive trend for issuers and anticipates a successful year ahead. With a focus on supporting women in the industry and creating opportunities for growth, Costanzo is committed to driving positive change and empowering women in public finance.
Samantha Costanzo’s journey in finance serves as a beacon of hope for women aspiring to leadership roles in the industry. Her dedication to mentorship, advocacy for equal representation, and optimism for the future reflects a commitment to fostering diversity and inclusion in public finance. As more women like Costanzo rise to prominence and pave the way for others, the path forward for women in finance becomes brighter and more promising.