‘What I Know Is…’: black professionals share their experiences July 20, 2021 | City Talk One of the main reasons for the under-representation of black professionals in investment management is the lack of knowledge and information about joining the investment profession and the opportunities that it can deliver. For the financial sector which is increasingly focused on sustainability and where corporates are increasingly rewarded for good ESG policies, ensuring that [...]
Women account for a third of financial services boards, report says July 19, 2021 Women now make up a third of boards at 200 of the top British financial firms according to a report, as the government marks five years since it set out to improve gender balance in the male-dominated sector. The number of females on company board has risen to 32 per cent, think tank New Financial [...]
Workplace gender parity pushed back four years by Covid-19 pandemic July 14, 2021 UK workplaces are failing to make progress in gender diversity, with the Covid-19 pandemic pushing representation in executive positions back by four years. Diversity consultancy The Pipeline said career prospects for women were “desolate” in its annual assessment of gender diversity in FTSE 350 companies. The predicted year for gender parity in the UK was [...]
City minister says UK govt won’t impose compulsory flexible working model on finance July 8, 2021 The government won’t impose an obligatory flexible working model on financial services, as regulators ramp up pressure on firms to improve diversity and inclusion. City minister John Glen said financial services firms should use the experience of remote working during the pandemic to decide how flexible working could help foster a more diverse workforce, but [...]
Executive pay gap: Men get paid 23 per cent more than women at director level June 14, 2021 Senior men get paid up to 23 per cent more than women, according to new research shared with City A.M. this evening. The gender pay gap is particularly substantial in senior positions and can be as high as 23 per cent for directors, while the associate level stands at 9 per cent, according to data [...]
Businesses with diverse workforce reap 58 per cent higher revenue, study shows June 9, 2021 UK businesses who treat their employees equally, regardless of race, reported up to 58 per cent higher income than their counterparts, according to a new report released by Henley Business School. The new research highlighted that companies with targeted measures specifically aimed at supporting employees from ethnic minorities recorded better staff output and loyalty, as [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG May 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Childcare and chores leave professional women burned out during pandemic May 19, 2021 Female professionals in the UK have suffered a huge hit to their work-life balance during the pandemic, with many feeling burned out after juggling childcare, housework and heavy workloads for the last year. Research by Deloitte quizzed 5,000 women in 10 countries, including 500 white-collar women in the UK, and found the pandemic and subsequent [...]
Women of the City: Ayesa Latif at Citi April 15, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Ayesa Latif, managing director, head of EMEA electronic FX Sales at [...]
Women of the City: Joanne Hannaford at Goldman Sachs April 7, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Joanne Hannaford, head of engineering in EMEA and head of regulatory [...]