THE PRESS ASSOCIATION (Alan Jones, PA Industrial Correspondent)
Women make up less than a quarter of senior promotions in financial services businesses, new research suggests.
A study by employment law firm Fox & Partners found that, of 5,815 senior level promotions and hires that took place in the financial services sector in the last year, 1,365 were women.
Some progress has been made compared with the previous year, when women represented 21% of new senior positions, but gender parity appears to be a long way off, said the report.
Fox & Partners said improving gender diversity within senior levels of financial services firms will require "significant" cultural changes.
Catriona Watt, partner at Fox & Partners said: "Women remain under-represented at a senior management level but of more concern, amongst new entrants to senior management.
"The list of promotions and new hires are still heavily stacked against women, despite deliberate action to achieve diversity by many employers.
"The percentage of new senior managers that are women will have to increase dramatically, or it is doubtful that we will reach gender parity at the senior level in this generation.
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