Adesuwa Okunbo Rhodes, the Founder and Managing Partner of Aruwa Capital Management, has been named to the global 40 Black Women in Asset Management, BWAM, under 40-year-old lists of women committed to changing the future of asset management.
The list honours remarkable Black women in asset management who have shown leadership and achieved great success in their careers.
Black Women in Asset Management is a group of asset management professionals united by the purpose of advancing and retaining black women leaders across all investment strategies.
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Adesuwa, along with other important women in the financial business, anchored 100 Women in Finance in Nigeria in February 2020, with the goal of maximising the potential of women in the corporate world.
In a statement made available to journalists, Adesuwa expressed her gratitude to (BWAM), as well as her strong support for closing the gender gap in capital access by having more women in investment decision-making roles.
“I am very flattered and grateful to be acknowledged, as well as to share the space with so many incredible women who are accomplishing tremendous things in the asset management field,” she said.
“We are grateful to Black Women in Asset Management (BWAM) for recognising the work we do at Aruwa Capital Management because we are devoted to bridging the finance gap that exists for female entrepreneurs and showing the untapped potential that exists when women are capital allocators.”
“The current disparity in women’s access to money in Africa is having a negative impact on our socioeconomic progress, and one of the quickest ways to address this issue is to have more women allocating capital and making investment decisions.”
“McKinsey estimates that closing the gender gap could add $28 trillion to global GDP, yet women and minorities now control only 1.3 percent of the $69 billion in asset management. I’m delighted to contribute to closing the gap and setting an example for others.
“I am hopeful that this list will motivate young women to pursue jobs in investment and asset management,” says BWAM.
Adesuwa is one of Africa’s youngest female private equity fund managers, as well as an active investor and board member in a variety of Nigerian enterprises.