An increasingly important reason why more women are needed in banking is that the very demographics of money are changing as well. Historically, private bankers in the UK dealt primarily with aristocratic families of inherited wealth — but this is changing. As explained by Joanna Hewitt, a private banker I interviewed in "Beyond the Boys Club": ‘We have always had female clients, but they have tended to be the wife of a wealthy man. Now we have more female entrepreneurs and women who have been awarded large divorce settlements. Some clients will want a male private banker and some will want a female private banker. Having diversity within private banking means we can offer both.’ The increasingly diverse group of individuals with money to invest means that the old public school ties, that used to be a main breeding ground for private bankers and their male clients, are becoming irrelevant. Women are earning far more money than ever before, through private incomes and business ownership. In fact, by 2025, women are expected to own 60 per cent of all private wealth in the UK. Currently there are more female than male millionaires between the ages of 18 and 44 — and then again among those over 65 years old.