MIL-OSI United Kingdom: News story: More financial services firms commit to improve gender diversity at the top

By   /  July 11, 2018  /  Comments Off on MIL-OSI United Kingdom: News story: More financial services firms commit to improve gender diversity at the top

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Source: UK Government

A further 67 companies have signed up to HM Treasury’s Women in Finance Charter, including J.P. Morgan, Bupa, Admiral Group, Equifax, Investec Asset Management, and Yorkshire Building Society, taking the total number of signatories to 272. This means that the Charter now covers over 760,000 financial services employees in the UK.
John Glen, Economic Secretary to the Treasury said:

From banking to asset management, too few women get to the top in financial services. That’s why it’s so important that firms sign our Charter and commit publicly to take action. It’s not just the morally right thing to do; a balanced workforce is good for business, for customers, and for profitability too.
I commend our new signatories for taking a step in the right direction, but of course there is more to do. I urge firms who’ve not already signed our Charter to join us in building a more representative and inclusive industry.

As recommended in Jayne-Anne Gadhia’s review into the representation of women in financial services, the Women in Finance Charter asks firms to commit to four industry actions to prepare their female talent for leadership positions:
having one member of our senior executive team who is responsible and accountable for gender diversity and inclusion
setting internal targets for gender diversity in our senior management
publishing progress annually against these targets in reports on our website
having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity
Jayne-Anne Gadhia, CEO of Virgin Money and the government’s Women in Finance Champion said:

I am delighted we have more than 270 companies committed to HM Treasury’s Women in Finance Charter. Gender equality and diversity is integral to creating a fairer, more prosperous society. But there’s still more to do and we will keep going until every organisation is signed up.

Further information
272 firms have now signed the Women in Finance Charter. The 67 new firms that signed the Charter between 1 March 2018 and 30 June 2018 are:
Admiral Group
AE3 Media
Armstrong Wolfe
Australia and New Zealand Banking Group Limited
Barrington Hibbert Associates
BNP Paribas Personal Finance
BondMason
Bovill Ltd
Brooks Macdonald plc
Canada Life
Coventry Building Society
Daiwa Capital Markets Europe Ltd
EIS Association
Ellis Davies Financial Planning Ltd
Engage Financial Services Ltd
Equifax Ltd
Evolution Financial Planning
Fintech Strategic Advisors Ltd
Fintellect Recruitment
First Wealth LLP
Flood Re Ltd
Foresight
Franklin Templeton Investments
GAM
Global Processing Services
Goji Investments
Grant Thornton
Hinckley and Rugby Building Society
HUBX
ICAEW
Intermediate Capital Group
Investec Asset Management Limited
J. P. Morgan
Kames Capital plc
Lazard & Co Limited
Lazard Asset Management Limited
LifeSearch
Magenta Financial Planning
Marsh Ltd
Medianett Ltd
Mortgages for Business Ltd
MT Finance Ltd
Mustard Seed Impact Ltd
National Association of Commercial Finance Brokers
Nomura International
PIMCO
Prytania Solutions Limited
Pukka Insure Ltd
Rathbone Brothers plc
Scottish Equity Partners
SDB Bookkeeping Services
Semper Capital Management
Shepherd Compello Ltd
St. James’s Place plc
Stonehaven International
Sussex Independent Financial Advisers Ltd
Tesco Underwriting
The British United Provident Association (BUPA)
The Meyer Partnership
The Mortgage & Insurance Bureau
TPI CAP
UK Government Investments
UniCredit Group
Vanguard Asset Services Limited
Whyfield
Yorkshire Building Society Group
Zopa Limited

MIL OSI United Kingdom

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