HSBC’s UK business sets target to appoint women to 50% of senior management roles

LONDON: HSBC’s UK arm has committed to appointing women to 50% of its senior management roles.

The goal, dubbed the 50/50 gender target, goes beyond similar initiatives unveiled by other large corporations and the 33% quota Lord Davies outlined for FTSE 350 boards in his final report on gender equality.

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HSBC UK said its workforce is currently 54% female, but women remain “significantly underrepresented at a senior management level”.

That reflects a wider trend in financial services and major UK companies – only 21% of senior manager roles at FTSE 100 banks are held by women, according to the British Bankers’ Association.

The figure edges up to just 22% across all FTSE 100 companies.