We spent some time sitting down with Jessica Savery, a Funds and Corporate Officer based in Belasko’s Luxembourg office to discuss some important topics relating to International Women’s Day.
Having started her career with us as an Administrative Officer, she has quickly worked her way up over the past two years. In this interview, she shares her insights on the evolving landscape for women in finance, the importance of self-advocacy, and how everyone—regardless of gender—can play a role in driving positive change.
Do you think experiences have improved for women working in the financial services industry since you started your career?
My career compared to many other women, is much shorter than them. I’ve only been working for two years now officially. However, I’ve been involved in the financial industry for going on 10 years now via various internships and participation courses at university. I think women in the industry, not only in the financial services but in the corporate world in general, have had a massive shift. This is in part due to reasons like social changes and economic changes which have allowed for more flexibility.
One thing I just wanted to like touch upon is the difference between integration and acceptance into the workplace. For decades now, women have been integrated into the workplace where we have laws and mandates saying we need a certain number of women on the board or a certain number of women in the company as a whole, whereas now, over the past five or so years, we’re seeing more of an acceptance. We’re accepting women being in the senior roles. We’re seeing more women in senior leadership. We’re seeing more female managers. We’re seeing more mentorship programmes to support and empower female future leaders.
So for me, I think over the past ten years in the financial services industry, there’s been an acceptance towards women that allows us to not only participate, but show off our strengths and get involved in a much more value-add way across different aspects of the industry.
What advice would you give to women entering the industry today looking to breakthrough and drive?
I would say first and foremost is to be your own voice, because no matter what industry you’re in, people will always try to help but realistically the only person who can really help you the most, is yourself. You have to be your own voice. You have to be your own advocate. If you know you want a certain position or promotion, work towards it and say why you deserve it. If you know that you have good ideas and you want to implement them, be confident, be yourself, speak your truth and do what you can.
On the flip side, we can’t do everything alone, which is why you need to build a trusted support network around yourself. Find a mentor, be a mentor, have colleagues that you can speak to both on a personal and professional level so that nothing gets too overwhelming and you can always have a sounding board.
How can individuals, regardless of gender, play a role in driving change?
For me, that would be many different things and there’s not one clear answer on how to do this. To be a change you don’t actually have to do something, you just have to act differently or think differently as well as to advocate for inclusivity and equality.
That’s the thing about feminism that a lot of people seem to mix up. Feminism isn’t about women wanting to be seen more or heard more. Feminism is about women wanting to be acknowledged and treated equally to men, and that’s one way everyone can be more inclusive of feminism, regardless of their gender. By being inclusive, by speaking out, by encouraging everyone to participate, regardless of their class, their gender, their views, everything.
Another thing I think is important is to stop gender biases, stereotypes, that type of thing. Naturally, I think a lot of us have pre-set conceptions on people that hold us back. For example, if we have two competent people looking to take on more responsibility in a team. One’s a boy. One’s a girl – but the girl is also a parent. Some people may naturally think, “let’s give the additional responsibility to the boy instead of the girl because they (the girl) may have additional commitments”. We need to just assume everyone’s happy to do everything. And if someone isn’t, they should be able to speak up and let us know.
What advice would you give your younger self?
Advice I would give my younger self would be to trust myself more. I would try not to give into impostor syndrome or say I don’t belong or deserve to be here. We all had to get the same qualifications, go through the same recruitment process, be interviewed by the same groups of people that end up in the company you work for. If we’ve gone through all of that and got the job, we deserve to be here, so there’s no reason to doubt yourself. That’s the first thing I would tell my younger self that everything works out for a reason. And if you put in the work, it will show.
Another thing that I would like to tell my younger self is to take more risks. Sometimes it’s not just doing as you’re told. Sometimes it’s analysing the situation. If someone tells you to do something and it’s within your power, do it, but also think what the implications of this, what’s the long-term plan of this? Is there a different way we could do this that could not only help myself but help the business and help the client?
Just stay true to yourself and take more risks.
If you had a superpower, what would it be and how would you help others with it?
If I had a superpower, it would be the ability to instantly understand and communicate in any language.
If there’s something we know for sure in Belasko, it’s that borders don’t really mean much to us, and different jurisdictions don’t mean much to us. We are an international community, who are always talking to different people on all corners of the earth. We have clients everywhere. Our teams are based across Jersey, Guernsey, UK and Luxembourg. We speak a lot of French, German, Luxembourgish and English.
If I could just understand everyone in the language or communication style that they’re most comfortable speaking in, I think it would be so useful not only for myself, but for everyone around us to feel more comfortable and avoid any miscommunications.
For me, that would be my dream superpower.