Female Finance Careers To Be Bolstered Into Senior Roles

The UK HM Treasury announced that a pledge for gender balance across the finance industry - The Women in Finance Charter - has about 72 companies on part of its initiative to help women elevate into senior roles in financial services.

The pledge focuses on helping ensure gender diversity to create a balanced workforce can be good for business and improve workplace culture.

The firms committing to the charter would create its own goals depending on their business. They will be required to report publicly to create any progress they make to deliver against these targets. 

Signatories will ensure this transparency will help them earn accountability for future changes to ensure gender equality in the workforce.

Companies signing the charter will agree to make sure the pay of senior executive team including bonuses and other executive remuneration reflects their delivery against the internal targets on gender diversity.

Commenting in a statement regarding the charter, a spokesperson from fintech startup Circle said: 

“As a young fast-growing FinTech company, innovation is vital but so too is our passion for people. 

We want the right people for the job, whatever their gender. Approximately 60% of people working in financial services are women across 20 global markets, however this figure sadly falls dramatically to 19% when looking at senior level positions.”