Persistence leads to parity

This International Women’s Day, this Year of the Woman 2018, let’s celebrate the real and positive evolution towards parity that is happening all around us – in business, in sport, in film, in life. The pace of change in the 100 years since some women were given the right to vote has been steady. ‘Nevertheless, she persisted.’

'SPEED MENTORING' FOR WOMEN IN FINANCE

‘Speed mentoring' for women in finance

We were delighted to host a speed mentoring event in support of HM Treasury’s Women in Finance charter at the London Stock Exchange yesterday, Monday 12th December.

An enthusiastic pool of women at the outset of their careers in finance had the unparalleled opportunity to meet mentors in senior leadership roles.

The event was facilitated by Women Ahead’s Maggie Alphonsi, introduced by Xavier Rolet, CEO of London Stock Exchange Group, and hosted by Simon Kirby MP, Economic Secretary to the Treasury and Jayne-Anne Gadhia, Chief Executive at Virgin Money and the government’s Women in Finance Champion.

This unique event saw 46 senior leaders in financial services sharing their experience with 46 young women at the beginning of their careers in finance. They offered advice on how to advance in a sector where men currently hold 77% of board level and 86% of executive committee positions.

The ‘speed dating’ format meant that everyone had the chance to have a short and focused conversation with a selection of mentors.

Maggie Alphonsi MBE, England Rugby World Cup winner and Women Ahead mentoring leader has seen first-hand how mentoring can help your career skyrocket.

Maggie Alphonsi said:

“My mentors helped me believe in myself, and with that inner strength, I found I reached higher and achieved more in my career than I could have managed alone.

“Today we’re seeing women at the start of their careers being given an extraordinary opportunity to meet senior leaders who could guide them right up to company board positions.

“Mentoring, when done well, gives you not only great connections and careers advice, but helps unleash the potential everyone has. We can’t wait to see how this group of women travels up the career chain.”

-R Jayne Anne Ghadia, Maggie Alphonsi, Xavier Rolet, Simon Kirby MP

 

All the mentors came from the 93 financial services firms that have signed the Treasury’s Women in Finance Charter which commits firms to increasing gender diversity at senior levels. Mentors include representatives from leading firms including MasterCard, Credit Suisse, Deutsche Bank, HSBC UK, BP Energy Supply and Trading and Jupiter Asset Management.

In a review commissioned by the Treasury, Jayne-Anne Gadhia, the CEO of Virgin Money and the government’s Women in Finance Champion, found that 77% of women felt that mentoring schemes would make a difference to their career progression. 

New analysis from New Financial, the official data partner for the Women in Finance Charter, reveals that among Charter signatories, banks have set the most ambitious targets relative to current levels – as a group they are aiming to increase women in senior roles by more than 40% over the next five years.

Jayne-Anne Gadhia, Chief Executive at Virgin Money and the government’s Women in Finance Champion, said:

“It is important that the next generation of women working in finance have the opportunity to break the glass ceiling and get to the top.

“Achieving a balanced workforce at all levels in financial services will undoubtedly improve culture, profitability and productivity and I am delighted to see so many positive role models here today to mentor and encourage women just starting out with their careers.”

Simon Kirby, Economic Secretary to the Treasury, said:

“It is fantastic that so many senior leaders in financial services have given up their time to take part in our speed mentoring event.

“Today proves these firms are not just paying lip service to the Women in Finance Charter but are living its values and actively working to help the next generation to climb the ranks.

“It is really important to keep the momentum going on this agenda and recognise the strong link between greater gender diversity and improved productivity and performance in our financial services sector.”

Xavier Rolet, CEO, London Stock Exchange Group, said:

“London Stock Exchange Group is delighted to be hosting today’s ‘speed mentoring’ session for women at the start of their careers in finance. 

“A diverse global workforce is pivotal to the success of our business, and as a signatory to the Women in Finance Charter, we are firmly committed to nurturing female talent within all levels of our organisation.

To find out how we can establish mentoring programmes in your organsiation, or how to join the 30% Club cross-company mentoring scheme, please contact Rebecca Davies at Rebecca@women-ahead.org