Cover Christina Gaw (Photo: Karl Lam / Karl Studio)

Christina Gaw has spent more than 30 years in the finance industry—but how exactly has Gaw Capital’s managing principal and global head of capital markets managed to stay at the top of her game?

How does your business make a difference?
Gaw Capital is a private equity real estate firm, and we’re in the fund management business. We are very focused on our company DNA: passion, responsibility and creativity—[what we call] PRC. This is the central focus. We use PRC to make a difference in our assets.

Was a career in finance always the goal?
No. I love children and wanted to be a kindergarten teacher. As I got older, I knew I wanted to be in the business of people. I studied hospitality management at the University of San Francisco, but I never worked in a hotel. After I graduated, I joined the finance industry right away. My first job was with Goldman Sachs, then UBS, and then Gaw Capital with my brothers [Goodwin and Kenneth, who founded the company].

Today, I’m a guest lecturer at universities such as the Wharton School of the University of Pennsylvania, the University of Cambridge and Harvard—this fulfils my urge to teach younger students who are interested in our industry. The satisfaction of sharing what I know and how to balance a career and family is wonderful.

What do you put your success down to?
I’m a very empathetic person. I have the ability to establish trust with people quickly and easily. I also have a very focused and disciplined way of doing things. I have a determination to always do what is right, whether it relates to our investors, employees or external partners. I try to make a situation a win-win for everybody.

What are some challenges you’ve faced as a woman in finance?
I joined [Goldman Sachs] as an analyst and when I left [my corporate career at UBS for Gaw Capital,] I was a managing director. I have worked my way up the food chain. [What I have learned] is that female voices need to be respected, not brushed away.

In the early days, I would always second guess myself and wouldn’t speak up unless I was 100 per cent sure that what I was saying was correct. I had so much self-doubt. The majority of men don’t have this issue. Over the last decade, I’ve really built my confidence and I feel liberated. Self-confidence is a journey and it has to come from within. I’ve done enough and have enough experience. Now, I’ve reached a point where if people try to make me doubt myself, I no longer care. Over the course of my career, there have been many frustrations, but I always try to remember the good times—that’s how I push forward. 

What is your leadership style?
I think of myself as a servant leader. This comes from the Bible. I’m a faithful Christian—I listen to sermons and go to church, and that’s where I find peace and calm. A servant leader shares power, puts the needs of employees first, and helps people develop and perform as highly as possible. There is a large desire for mentoring in this type of leadership style. I understand [my employees] because I was once a low-ranking analyst. I’ve been through it too.

How do your skills and those of your siblings’ complement each other at work?
My brothers come from a more entrepreneurial background, as they were in my family’s business before Gaw Capital. My leadership style is more empathetic and communicative. I also bring 15 years of corporate experience to the table. My goal has always been to institutionalise our business by enhancing process and governance, bringing in an institutional investor base and enabling scale. My brothers and I have a deep understanding of each other’s strengths and weaknesses because we grew up together and we’re all very close. Ultimately, we want to create a sustainable company that [lives] beyond our time. 

Do you have any mentors? If so, who are they and what is the best piece of advice they have given you?
I have been very fortunate that in the early days of my career, I had supportive male bosses that were very cognisant of the need for diversity. I was given lots of opportunities, even when I thought I wasn’t capable.

In my personal life, my mother and my grandmother are my role models. My grandmother is 106 years old, lives in Hong Kong and has a great appetite [laughs]. She owned her own manufacturing business and had five kids. She’s always been our rock. My mother, too, has always worked. They both instilled a tremendous work ethic in me, and I find it so inspiring. The best piece of advice they’ve given me is to be empowered. I now try to empower my own team and teach them to be self-motivated.

What is one surprising thing about you that most people don’t know?
That my husband [Greg Donohugh] is white. When my friends found out that I was marrying him, they were very surprised, because [at my core] I am very Asian. My thinking, values and the way I raised my four children are very Asian.

I got married very young. I was 26 years old; Greg is seven years older than me. He’s also an investment banker and is extremely good at what he does. I give Greg a lot of credit for who I’ve become. He helped me overcome my self-doubt and discover my potential. I wasn’t raised to be as independent as I am now. He’s my bedrock.

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