UK finance firms pledge to boost women in top jobs

British banks and financial services companies have signed a charter to increase the number of women in senior management positions by almost a third by 2020, according to a UK Treasury report.

UK finance firms pledge to increase women\'s leadership
Leading British banks and financial services companies have signed up to a charter to increase the number of women in senior management by nearly a third over the next five years, according to a UK Treasury report.More than 70 companies, including HSBC, Barclays, Aviva, BlackRock and the London Stock Exchange, have backed the Treasury's Women in Finance Charter, which aims to increase the number of women in top-level posts from the current quota of 27 per cent to 35 per cent by 2020.The news came as a separate report found that, last month, the number of vacancies in London's financial sector had recorded the first year-on-year increase since June's referendum on membership of the European Union.Publication of the Treasury report also coincided with a 'speed mentoring' session at the London Stock Exchange on Monday where more than 40 companies, including MasterCard, Credit Suisse and Deutsche Bank, advised a group of young women on how best to go about excelling in the sector.

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Jayne-Anne Gadhia, chief executive of Virgin Money and head of the government's Women in Finance initiative, said, "It is important that the next generation of women working in finance have the opportunity to break the glass ceiling and get to the top."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."Meanwhile, a study by Morgan McKinley found that the number of vacancies in the financial sector in London increased at a year-on-year rate of six per cent in November.Hakan Enver, operations director at Morgan McKinley Financial Services, said the gradual decline in jobs during the second half of 2016 had been less aggressive than in the same period last year."This is the first post-Brexit year-on-year increase in jobs that we've seen," he said. "Heading into the new year with a higher base of jobs compared to last year, bodes well for City employment in 2017."

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