More firms sign up to Women in Finance Charter

The Women in Finance Charter now covers over 800,000 people in the financial sector after 21 new signatories brought the total number of firms to over 350.

The Treasury’s Women in Finance Charter advises that financial firms support the progression of women in senior roles and set their own gender targets.

The latest signatories include investment firms Allianz Global Investors and Natixis, and business-banking tech company Tide.

In March this year, the charter reports that it had over 330 signatories, with this number at 122 in March 2017.

Women in Finance Champion Dame Jayne-Anne Gadhia says: “I am delighted to see the charter continue to grow. It is the businesses that address their culture and understand the power of diversity that really succeed.

“The top quarter of businesses on gender diversity are 21 per cent more likely to have above-average profits than the bottom quarter. So, this is not just the right thing to do socially, it is the right thing to do for business.”

The Economic Secretary to the Treasury John Glen adds: “It is great to see so many financial organisations signed up to the charter, but we cannot be complacent.

“We need to make sure this is translated into meaningful change across the sector. So, it is reassuring that people are already seeing the charter as a driver for change in their companies, including on wider diversity issues too.

“Signing the charter is just the first step, and I encourage all signatories to continue this work so we can create a fairer, more equal industry.”

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