| LONDON, March 7
LONDON, March 7 Women in the world of finance
must not be scared to look further afield if opportunities at
their current employer dry up.
It's a key lesson that Sophie Javary learned when she became
pregnant early into a career in corporate banking, and found she
was no longer on her employer's talent list and bonus scheme.
"I became very frustrated, so I left," says Javary, who 20
years later now advises BNP Paribas' most senior clients and
coordinates the bank's corporate finance team in Europe, Middle
East and Africa.
"You have to bite your lip and deploy extra energy to cope.
That's what I did because I didn't want to be left behind."
The soft-spoken banker says the period between the ages of
30 and 40 is particularly tough for women because they are faced
with motherhood just as their careers are taking off.
So it's vital not to shy away from new adventures if women
feel at this point that they are not being recognised, she
Javary established a taste for risk as a student at HEC,
France's top business school. Rather than opt to spend her gap
yar in Paris, London or New York like her fellow students, she
headed for Brazil - at the time still a third world country.
"Going alone to Brazil for nine months at the time was a bit
of an adventure," she says, adding that the experience taught
her to seek new experiences as her career progressed.
"I think it is especially important for women to dare to
take up challenges. I probably took more risk over my career
than a man with the same diploma and same track record."
Before moving to BNP, Javary was the head of Rothschild's
European debt advisory and restructuring team - a job she took
on without any previous experience in the sector, just as the
financial crisis was starting to push many private equity-owned
firms into difficulties.
She recalls working with France Telecom's then
finance director Michel Combes - now CEO of Alcatel-Lucent
- on the telecoms firm's 15 billion-euro
recapitalisation plan to stave off bankruptcy. It was an
experience that involved very little sleep or food.
"As Michel's financial advisor all I had to eat was the
chocolate and bananas he kept in his desk!" she laughs.
Javary deployed that same dedication when her family needed
her - dropping everything to spend her days and nights in
hospital when her youngest child was diagnosed with meningitis.
Now that her children are older, she works with BNP to seek
out new talent and encourage the next generation of young women
in finance to grab opportunities.
She is particularly proud of Yasmina, a young Moroccan
graduate from a poor and near-illiterate family, who struggled
to find a job despite having a PhD in Insurance.
Javary encouraged her to ask her professor about job
opportunities - something Yasmina found hard because of the
social conditioning of her upbringing - and helped her to close
a deal that led to a job at French insurer AXA