Saturday 19 October 2019

Four out of five top finance roles are still men's jobs - Central Bank

 

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Donal O'Donovan

Donal O'Donovan

FOUR out of five people being appointed to senior jobs in regulated financial services firms last year were men, and the figures are even more stark for the most senior jobs.

Ulster Bank appointed Jane Howard as chief executive last year, joining Bank of Ireland's Francesca McDonagh and FBD insurance's Fiona Muldoon among the handful of women CEOs. However, figures from the Central Bank based on applications under its 'fitness and probity' process to approve senior appointments show that 84pc of applications for chairman and CEO posts were for men. There were 4,500 applications for approval to occupy senior roles last year, up as a result of Brexit on previous years.

The Central Bank found a small improvement in the share of women being put forward, with the most marked improvement in banking.

Across all sectors, the number of women put forward for approval rose to 24pc. Asset management (30pc) had the highest share of women moving into senior roles of any regulated sector,

Irish Independent

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