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Article

13 Dec 2016

Author:
Frances Perraudin, Guardian (UK)

UK: Finance companies aim to have women in third of executive positions by 2020

"Finance companies aim to have women in third of top jobs", 12 Dec 2016

Financial services companies are aiming to increase the number of women at senior management level to an average of a third over the next five years, a report has shown...The report found that the average company target for the number of women at senior management level was 35% by 2020, up from the current average of 27%...The companies’ ambitions varied greatly, with targets ranging from 21% to 50%, and 15 firms aiming for at least 50% female senior management...While two-thirds of signatories named a man as their executive accountable for diversity, a fifth of signatories (15 firms) have already met or exceeded their targets.  Jayne-Anne Gadhia,...the government’s Women in Finance champion, said:...“Achieving a balanced workforce at all levels in financial services will undoubtedly improve culture, profitability and productivity, and I am delighted to see so many positive role models here today to mentor and encourage women just starting out with their careers”...[Refers to Barclays, HSBC, & London Stock Exchange Group]