Virgin Money close to unveiling all-female leadership team

Virgin Money close to unveiling all-female leadership team”

The boss of Virgin Money has told MPs that sexism in the City is "pervasive" and told them of a "very male culture" in the financial services industry.

She would work with Jayne-Anne Gadhia, Virgin's chief executive.

Ms Gadhia, who was managing director of RBS's mortgage division and then in its consumer finance division between 2001 and 2007 has previously spoken of the "alpha male" culture at the bank and Mr Goodwin's strongly-focussed drive for growth which helped push the lender to near collapse during the financial crisis.

Parliament's Treasury Committee is looking at the barriers for women in financial services and the value of greater gender balance.

Women and men have been sharing their stories across social media using the hashtag "me too" to show the magnitude of the problem.

Gadhia's advocacy drove the government to launch the Women in Finance Charter past year.

"The most supportive part of financial services to the charter are the banks, which are nearly universally supportive of what we are trying to achieve here, and also are making the most progress".

Jayne-Anne Gadhia said: "I remember a very senior woman being very upset one day telling me that she was expected to sleep with her boss".

"And I said, what's that?"

"The one thing that I would say is - despite all of that - we still have companies that have not signed and we should be doing everything that we can to make sure those that haven't explain why they haven't, or sign up", she added.

Jan Gooding, director of inclusion at insurer Aviva, which owns the business that used to be called Norwich Union, said: 'Aviva has zero tolerance for any sexist behaviour'.

In a government review a year ago, Ms Gadhia recommended that financial services firms should aim for greater equality in pay and to publish progress reports on diversity targets.

Gadhia has led a government review of women in financial services and is championing a charter signed by more than 100 companies to improve gender diversity.

She ‎also held a number of top jobs in the industry in the United Kingdom, including at Midland Bank following its takeover by HSBC in 1992, and in the group's Asian operations.

RBS and Aviva have been approached for comment.

Like this


25 October 2017
Klopp finally set to revamp leaky Liverpool defence
Klopp actually has Liverpool playing well in general, but time and time again, performances are being let down by avoidable errors.

25 October 2017
Soon, you may not be allowed to carry laptops in check-in luggage
Noteworthy that, several PEDs like power banks and electric cigarettes are already banned in check-in bags in India. Internation Aviation agencies have started to consider banning big PED's, as, India might also follow the suite.

25 October 2017
Asin and Rahul Sharma ecstatic as they welcome 'angelic' baby girl
In an official statment the couple said, "We are ecstatic to announce the arrival of our angelic baby girl earlier today". Actress Asin Thottumkal , known mononymously as Asin entered wedlock with business icon Rahul Sharma past year .

25 October 2017
AT&T Mexico sales surge 27% in Q3, adds another 700000 subs
Overall, AT&T's third-quarter profit fell 9% to $3.03 billion, or 49 cents a share, as revenue slid 3% to $39.67 billion. On Tuesday, AT&T said it had spent $152 million on costs related to the planned merger through September 30.

25 October 2017
Storm damages reported in North Carolina storm
Authorities in Watauga and McDowell counties reported completing water rescues as heavy rains caused flash floods in some areas. In South Carolina, tractor trailers were flipped, homes damaged and trees downed by a possible tornado in the Spartanburg area.

25 October 2017
United Technologies Corporation (UTX) Position Lessened by Candriam Luxembourg SCA
The conglomerate reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.07. Bernstein downgraded the stock to "Mkt Perform" rating in Friday, January 8 report. (NYSE:ABC) rating on Thursday, September 14.

25 October 2017
Trump rejects caps on 401(k) plans as part of GOP tax plan
Rand Paul, who hails from McConnell's state of Kentucky and voted against the bill because he said it did not cut spending enough. This year's measure calls for $473 billion in cuts from Medicare over 10 years and more than $1 trillion from Medicaid.

25 October 2017
Ben Mendelsohn eyed for villain role in Captain Marvel
More recently, Danvers took on the identity of Captain Marvel after being "promoted" to the moniker of the former Kree superhero. With this adjustment , the Air Force pilot will gain superpowers in terms of strength, flight, and energy protection.

25 October 2017
House GOP Leadership To Save Tax Reform
Trump's plan promises up to $6 trillion in tax cuts but would increase the federal deficit by $1.5 trillion over the next decade. Axing that break could generate almost $2 trillion in revenue over a decade that could pay for other rate cuts.

25 October 2017
Canaccord Genuity Raises Kinross Gold Co. (K) Price Target to C$8.00
The stock of Kinross Gold Corporation (USA) (NYSE:KGC) earned "Underperform" rating by RBC Capital Markets on Monday, August 24. Lombard Odier Asset Management Europe Ltd purchased a new stake in Kinross Gold Corp. during the third quarter worth $104,000.