Research by the think tank New Financial has demonstrated that the representation of women on executive committees is still an issue for financial services companies - it is only 14% whereas at Board level it is 23%. This is a concern for the running of businesses and is a factor that the financial services sector needs to keep addressing. Do these figures reopen the debate on quotas?
FEMALE executive committee members at UK financial services firms typically number just 14 per cent of the total according to research by think tank New Financial. This compares to female representation of 23 per cent among board directors at the same companies. The findings, out today, show the scale of the task in fostering more gender diversity at executive level following a government backed review of women in senior management by Jayne-Anne Gadhia, chief executive of Virgin Money. New Financial collected data from 200 companies across 12 different arms of financial services including banking groups, investment banks, challenger banks, building societies, asset managers, and diversified financials.