Aldermore meets Women in Finance senior leadership target

Aldermore committed to the Charter in 2016 and since then has created a number of working groups and regular meetings to focus on initiatives including flexible working, mentoring, training and development.

Aldermore has also published its gender pay gap figures which show a mean gap of 29%, representing a slight improvement during the past year and as a result of a change in gender representation across the business.

The Bank has reported an increase in its bonus pay gap figure, which has occurred primarily as a result of Aldermore’s acquisition by FirstRand Group in March 2018.

Phillip Monks, chief executive officer at Aldermore, commented: “Gender representation is an integral part of our Diversity and Inclusion agenda at Aldermore, creating the most supportive environment possible for colleagues to achieve their goals and serve our customers.

“Therefore, I am very pleased to report that we have met one of our Charter targets of increasing female representation across the senior leadership to 30% by 2020. However, our ambition now is to work towards exceeding this target and turning our attentions to our wider goal of seeing an equal gender balance across all levels within the Bank.”

Christine Palmer, chief risk officer at Aldermore, added: “Since joining Aldermore, I’ve seen some significant steps taken across our Women in Finance initiatives, as well as across our Diversity and Inclusion ambitions and I’m proud of everything we have achieved so far.

"We’re pleased to have hit the target set ahead of the deadline, and to have improved countless policies which means more of our employees are able to work more flexibly than ever before. Whilst we still have much to do, we are building an organisation where our colleagues have the freedom to voice what they need to succeed.”