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Masthaven signs Women in Finance charter

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  • 01/11/2021
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Masthaven signs Women in Finance charter
Masthaven Bank has become a signatory of the Women in Finance charter, meaning it will have to set internal gender diversity targets and publish a progress report annually.

 

The charter, which was launched in 2015 and has over 330 firms signed up, aims to improved gender balance in organisations through four key actions.

This includes setting internal gender diversity targets for senior management, publishing progress against targets annually, have one member of the senior executive team responsible for gender diversity and inclusion and ensuring the pay of the senior team is linked to delivery of said targets.

Around 47 per cent of staff at Masthaven are women and hold 34 per cent of senior management positions. Women also make up a third of the bank’s board.

The firm, which gained its banking licence in 2016, has taken some actions on gender diversity in recent years such as its Women in Leadership and Emerging Leaders programmes, which aimed to support women in senior and managerial positions at the company and encourage career development.

Tricia Halpin, Masthaven’s chief people office, said: “The Women in Finance Charter enshrines the values that Masthaven lives by. As an organisation, we understand the need to prioritise diversity and inclusion, which is why we’ve invested in our people. The bank has launched initiatives to support women in their career development and ensure everyone shares in the company’s success.

“Diversity, of all kinds, is well known to benefit businesses. Diverse viewpoints spark innovation, and a wide range of perspectives means we can better support our customers from all walks of life. Diversity and inclusion need to be at the top of the agenda for every organisation and we’re proud to be signing the Women in Finance Charter as we commit to encouraging female talent across the business.”

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