Over 160 firms have now signed up to the Women in Finance Charter, pledging to improve gender balance within their organisations.
A further 26 firms have signed up to the Charter taking the total up to 162 companies, covering over 600,000 UK financial services employees.
Bank of England, Deloitte and Tesco Bank have joined the likes of PwC, Barclays, Citi, Monzo, EY and Schroders on the list.
The Charter asks financial firms to commit to four industry actions to prepare their female talent for leadership positions.
Since the Charter launched, 120 financial services firms have committed to have at least 30 per cent women in senior roles by 2021 and of those, 40 firms have committed to a 50/50 gender split in senior roles by 2021.
Jayne-Anne Gadhia, CEO of Virgin Money and the government’s Women in Finance Champion said, “I’m delighted to see that 162 companies have now signed up to the Women in Finance Charter.”
“Improving the gender balance of the financial services sector will undoubtedly improve productivity, profitability and outcomes for customers.”
Stephen Barclay, Economic Secretary to the Treasury said, “This is another excellent group of signatories to the Women in Finance Charter.”
“Their actions, alongside those of the other signatories, have the potential to make the UK’s pre-eminent financial services sector more representative and more inclusive.”
“I’m keen to see even more firms follow their example and make a positive, public commitment to improve gender balance in our financial services.”
To coincide with the announcement, and in collaboration with HM Treasury, Virgin Money has also created the Women in Finance app to support companies who want to sign the Charter and take action to improve gender balance within their organisation.
The app will feature video case studies, research and practical tools to support companies who want to act on the gender balance within their organisation.