I take a look at the first few gender pay gap reports from investment management firms.
Mark.Freed / 12 Feb 2020
First few firms file their gender pay gap reports
The first few investment management firms have now provided their gender pay gap reporting ahead of the 4th April deadline. One of the reporting statistics shows the proportion of women in each pay quartile and gives an indication of female representation at different levels of an organisation. Credit to these firms, their figures are ahead of the deadline. Unfortunately, that’s where the positivity stops.
All these investment managers will tell you they are committed to diversity. That increasing the number of women in senior roles is a priority – or even an imperative.
Take Andy Clark, CEO, HSBC Global Asset Management, as an example. He said,
“The gender pay gap is real and we can’t shy away from solving it.”
Or Rose Thomson, Chief People Officer for Standard Life Aberdeen, who said,
“There is a commercial imperative here. More diverse organisations perform better.”
With all this enthusiasm for diversity, we might expect to see some movement, particularly as it’s the third year of reporting. And we are in a way. But it’s in the wrong direction.
Of course, this is just the start and there are many companies still to come. If you would like us to keep you up to date with the reports from investment managers and the major corporate and investment banks, please let me know by emailing me at firstname.lastname@example.org
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