Women in Finance Charter

As part of our journey to create a truly inclusive culture, in 2021 Crown Agents Bank became a signatory of the HM Treasury’s Women in Finance Charter. By signing up to the Charter we are making a commitment to promote gender diversity and support the progression of women in our industry.

We have the full support of our Board and Senior Executives to set and ensure we achieve gender parity targets for our Bank. We will continue to publish ongoing progress, link achievement of targets to performance related pay and introduce programmes which will support the career development of women.

Our targets for 2024:

Our ambition is to achieve:

• Female representation in senior management (VP to EVP) of 30%
• Female representation across the Bank of 45% 

How are we doing:

We have a number of successes this year; our listing on London Stock Exchange, significant growth in our performance and headcount across the Bank. However, whilst we have remained vigilant in ensuring equal gender representation in our recruitment and promotion processes, we have remained flat in our September 2023 review against our targets.

How do we explain this:

Whilst our turnover remains below industry average of 8%, we are not seeing a significant increase in the level of females filling senior roles. In 2022 promotions cycle, SVP promotions were 60% females 20% of AVP’s were promoted to VP and 0% from Senior Analyst to AVP. This data would suggest we need to review our succession planning for females below VP level and support them in their progression through development initiatives. 

We will continue our efforts with the support of Senior Management to:

• Introduce a formal link to performance-related variable pay and the achievement of our targets in 2024.
• We continue to develop our MI and data analysis capability to monitor and track our progress.
• Focus on succession planning and development initiatives to support the promotion of females into senior roles.

Gender pay gap report

Read our report on the gender pay gap for 2023