Women in Finance Charter – Annual Update 2019
When we signed up to the Charter in May 2017, Nutmeg wanted to achieve a 50:50 gender balance. We are at the intersection of two industries which have not historically attracted a good gender balance – financial services and the tech sector – which typically have not seen gender balance from training and early careers, through to strong candidate pools at senior manager level which makes it even more challenging to achieve an equal gender split, particularly at more senior levels in the organisation. We are proud to have a number of strong female leaders in the business across a variety of disciplines including our chief customer officer, head of compliance, head of customer support, head of product, head of financial advice and head of PR. We also welcomed Rana Yared to our board this year as we look to increase our female representation across all levels of the company.
When we signed up to the Charter we had 28% female representation in senior leadership. As of September 2019 we have 29% female representation in senior leadership. We believe we are not on track to meet our Charter target of 50% women by our deadline, however, we have a range of initiatives in place to ensure:
- we attract a balance of candidates when we advertise open vacancies
- minimise the possibility of unconscious bias in our recruitment processes
- nurture and develop talent from within
Our CEO Martin Stead asks for a balanced shortlist when recruiting for senior roles. He is also on the CMI Women board and is an EMpower mentor. We remain passionate, focused and committed to reaching our target.