US financial firms need more top women managers: study

New York

FINANCIAL firms are failing to promote women to the ranks of top managers as quickly as they're adding female directors to their boards, a report from consulting firm Oliver Wyman found.

Women made up 13 per cent of firms' executive committees in 2013, up from 10 per cent a decade earlier, and more than a third of the companies had no females in their top management group, according to the study released o…