Women Global Leaders
Women Global Leaders (WGL) is a global programme for high potential female directors with a simple objective: to enhance the critical leadership skills of mid and senior level female executives and increase the pipeline of female talent available for senior positions.
Deutsche Bank partners closely with the INSEAD Business School to design and deliver the programme. With 35 participants a year, 2014 will welcome the fifth cohort.
The programme is sponsored by the Co-Chairmen of the Management Board and one of the chairmen personally delivers a talk and engages in dialogue about the Bank’s strategy. The high level of active participation from senior management includes female Managing Directors from the Bank’s sponsorship programme, who coach participants and help them apply their learning.
During a week-long residential course, participants cover a range of leadership development topics including leading change, leading across cultures, situational leadership and creating networks. A comprehensive 360 review is used to input into professional group coaching and personal development plans.
30% of participants in cohorts 1-3 have been promoted to Managing Director and 82% are in roles with broader scope and responsibility. The retention rate among participants exceeds both male and female directors at the bank.
A May 2013 survey of participants found that attendance at WGL significantly increased attendees’ confidence and career focus, expanded networks, provided better access to senior management and enhanced personal and professional development.
The programme generates a unique networking experience, connecting female executives to one another and to the organisation. Following the programme, there is continuous connectivity among alumnae through regional events and follow-up conferences. Participants benefit from a better understanding of the strategy of each business, something which improves cross-divisional know-how, raises the profile of participants and provides visible role models for other employees.