Redwood Bank has exceeded its target of having at least 30% of its senior management positions held by women.
This commitment was made when it signed the ‘Women in Finance Charter’ five years ago.
The bank surpassed this target early, with women in senior management increasing from 20% in 2019 to 34% by August 2023.
Redwood recently announced that the percentage had risen further, and now 39% of its top roles are held by women.
Tracey Lester (pictured), director of people at Redwood Bank, said: “We are committed to the Women in Finance Charter because we want to champion equality and inclusion and we recognise the value greater female representation brings to Redwood and the wider financial services industry.
“Promoting and supporting diversity across our workforce is an integral part of our culture, values, behaviours and the way we do business because it benefits both our employees and customers.
“We will continue to address diversity within our senior leadership population and take a holistic approach to addressing diversity throughout the organisation.
“We want to make lasting change across our whole business, not just at the top.
“This takes time and we will continue to take action that will bring continued progress.”
Caoimhe McDonald, head of treasury, led Redwood’s involvement in the Women in Banking and Finance organisation, which provides development, networking, and mentoring opportunities for women in the industry.
McDonald said: “Becoming involved in Women in Banking and Finance has been a key initiative for Redwood in 2024.
“It’s a fantastic organisation which supports the development of a financial services industry that offers women equal opportunities and creates better businesses and places to work.”
