Barclays takes men to senior positions
2022.12.08 11:48
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Barclays takes men to senior positions
Budrigannews.com – Barclays has elevated 85 individuals to overseeing chief in its venture bank, it said on Thursday, with by a long shot most of the sought after titles this year being taken by men.
British finance has one of the largest gender pay gaps, and banks have come under fire for their poor record on gender equality, especially in senior positions.
According to professional social media accounts reviewed by Reuters, approximately 85% of its investment bank’s staff promoted on this year’s list are male. Barclay’s (London:) declined to discuss the calculation.
The fact that it did not specify how many women were promoted has been criticized in previous years. It also did not, as it had in previous years, provide a breakdown of which investment bank department those promoted worked in.
The data indicate that Barclays is moving backwards in this area, with women accounting for approximately 15% of promotions.
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When Barclays published the gender distribution of its promotions in 2018, 27% were women, up from 23% the previous year.
According to the bank’s pay gap report, Barclays Bank PLC, which houses the lender’s investment bank, had a mean average pay gap of 43% in favor of men in 2021.
By 2025, 33% of managing directors and directors, according to Barclays, will be women. According to the bank’s diversity and inclusion report for 2021, the figure was 28% worldwide at the end of last year.
A day earlier, Barclays announced a senior management reshuffle, which included the promotion of Alistair Currie to the position of chief operating officer for the company’s consumer banking division.
After the previous CEO of Barclays, Jes Staley, fought off an activist investor who wanted the unit to be reduced, the investment bank has become a source of contention in recent years.
The investment bank has generally performed well recently, as evidenced by its success in beating market expectations during the third quarter of this year due to a boom in fixed income trading.
