The Charter requests that financial services firms join forces to ensure a gender balance at all levels. Signatories pledge to implement four key industry actions, which include setting targets for gender diversity in senior management and annually publishing the progress made in working towards these targets.
Currently, women make up 47% of staffing numbers at Masthaven, holding 34% of senior management roles and 33% of the bank’s board.
Masthaven has launched a number of initiatives to champion gender diversity over the past few years such as the ‘Women in Leadership’ and ‘Emerging Leaders’ programmes. These are delivered in collaboration with WDI Consulting to provide resources and assist the career development of women in senior and managerial positions at the bank.
Tricia Halpin, chief people officer at Masthaven, said: “The Women in Finance Charter enshrines the values that Masthaven lives by.
“As an organisation, we understand the need to prioritise diversity and inclusion, which is why we’ve invested in our people.
“The bank has launched initiatives to support women in their career development and ensure everyone shares in the company’s success.
“Diversity of all kinds is well known to benefit businesses; diverse viewpoints spark innovation, and a wide range of perspectives means we can better support our customers from all walks of life.
“Diversity and inclusion need to be at the top of the agenda for every organisation and we’re proud to be signing the Women in Finance Charter as we commit to encouraging female talent across the business.”
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Masthaven recently promoted Michaela McQueen to senior lending operations manager. Michaela has been at Masthaven for nearly six years; she started as an underwriter then progressed to underwriting manager, and was promoted to business readiness manager in 2020.