Investment firm recognises need to boost senior female representation to close gender pay gap of 30.2%

Written by Oliver Wade

Hermes Investment Management has recognised that to close its gender pay gap of 30.2%, it needs to “increase senior female representation across the firm”.

In its Gender Pay Report that was published yesterday, Hermes Investment Management, a founding signatory of the Women in Finance Charter, assured that their approach to pay is “gender neutral”, with both male and female staff “paid fairly for the work they undertake”.

As a result of the Women in Finance Charter, Hermes reported having an increase of 4 per cent in their number of female staff, whilst also “taking a number of actions to support attainment of our target goals” such as recruiting a diversity and inclusion manager to join their human resources team.

The firm is also a member of the 30% Club, an organisation that campaigns for greater representation of women on the boards of businesses within the FTSE100.

Hermes Investment Management chief executive Saker Nusseibeh commented: “While our Gender Pay Gap is likely to be on par with the rest of the asset management industry, it is simply not good enough. We need to change this imbalance across Hermes as well as the rest of the industry.

“It is imperative that the industry starts to widen the pool of people from which we recruit, encourage the brightest into the industry irrespective of their specific qualifications and create an environment that enables them to flourish and contribute over the long-term.”

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