Women hold less than 9% of the 9,278 chief executive and chairperson positions in the UK’s financial services sector, claims employment law firm Fox & Partners. In total women occupy just 14.8% of the most senior positions at financial services firms. The position where the gender gap is most pronounced in UK financial services firms is amongst chief operations officers, with 96.4% of positions held by men. Men also hold 91.3% chief executive roles and 91.3% of chairperson roles. Fox & Partners said that given that recent research from EY found that women account for 45% of people sitting on the boards of the UK’s top listed banks, asset managers, fintech companies and insurance firms, it suggests that women who do rise to senior levels within financial services firms are more likely to hold non-executive positions than be key decision-makers. The position where the gender balance is most equitable is chair of the risk committee, with 29% of those roles held by women.
— Fox & Partners (@foxpartnersllp) March 6, 2023