In summer 2015, the Government asked Jayne-Anne Gadhia, former CEO of Virgin Money, to lead a review into the representation of women in senior managerial roles in financial services, focussing on the talent pipeline at the executive population below board level. Empowering Productivity: Harnessing the talents of women in financial services was published in March 2016. The review found that in 2015, women made up only 14% of Executive Committees in the Financial Services sector. In response to the recommendations in that review, HM Treasury launched the Women in Finance Charter.
They are now over 330 firms of all shapes and sizes across financial services signed up to the commitments of the Charter – from global banks to credit unions, the largest insurance companies to the smallest fintech start-ups – with headquarters in the UK, USA, Europe and Asia.
HM Treasury welcomes interest in the Charter from all firms of any type and size, and firms can still sign the Women in Finance Charter to join our next cohort of signatories. See our guidance or send us an email firstname.lastname@example.org for more information on the Charter. To sign the Charter and formally commit to implement these recommendations, please visit the website and complete the online form.
For New Financial analysis on the progress made by current signatories, click here.