Number of female German bank CEOs fell in 2021

Only eight of Germany's largest 100 banks had women as their chief executives in late 2021, down from 10 a year earlier, a German Institute for Economic Research (DIW) report found.

During the same period, the number of female CEOs at Germany's top 200 companies based on revenue grew, highlighting a long-standing gap that still grips the banking sector. Germany's new government has vowed to narrow its gender pay gap, which is one of the widest in the European Union and most stark in the finance sector of the bloc's biggest economy.

Carola von Schmettow, one of Germany's most prominent female bankers, retired last year as head of HSBC in Germany and was replaced by a man.