Tesco Bank has become one of the latest financial services firms to sign up to the Women in Finance Charter.
The bank has joined 25 other companies which have recently committed to the initiative, including the Bank of England and Deloitte.
As of 10th November, the charter now covers more than 600,000 employees.
Other new signatories include Payment Systems Regulator, RSA Group, Allianz Insurance, UK Finance, the Association for Financial Markets in Europe, Old Mutual Wealth and Funding Circle.
In total, 120 financial services firms have committed to having at least 30% of senior roles filled by women by 2021.
Of those companies, 40 have committed to a 50/50 gender split in senior roles by 2021.
Stephen Barclay, economic secretary to the Treasury, said: “This is another excellent group of signatories to the Women in Finance Charter.
“Their actions – alongside those of the other signatories – have the potential to make the UK's pre-eminent financial services sector more representative and more inclusive.
“I'm keen to see even more firms follow their example and make a positive, public commitment to improve gender balance in our financial services.”
To coincide with this announcement, Virgin Money – in collaboration with HM Treasury – has created a Women in Finance app to support companies that want to sign the charter and address gender imbalance in their organisation.
Jayne-Anne Gadhia, CEO of Virgin Money and the government's Women in Finance Champion, added: “To drive change, the Women in Finance company signatories have collaborated to share best practice on these 10 positive actions, which are now freely available through the Women in Finance app which is launched today [10th November].
“I believe this innovation will help drive improved gender balance throughout the financial services industry.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
OakNorth to double size of Manchester team
OakNorth has announced it will be doubling the size of its Manchester team due to an increase in demand for its loans in the region...
UTB hires Simon Burnell as head of product development
United Trust Bank (UTB) has appointed Simon Burnell (pictured above) as head of product development for its mortgages and bridging division...
Monzo raises £20m in latest crowdfunding round
Monzo has raised £20m in just over two days via its third crowdfunding round...
Could more banks look to use gamification?
Gamification is defined as the application of typical elements of game playing to other areas of activity, typically as an online marketing technique to encourage engagement with a product or service...
Bank Leumi (UK) appoints chief business officer
Bank Leumi (UK) has announced the appointment of Andy Mallin (pictured above) as chief business officer...
Handelsbanken launches UK banking subsidiary
Handelsbanken has launched its new UK subsidiary Handelsbanken PLC as it looks to continue the next stage of its growth in the UK...
Making the most of savings in 2019
Personal finance headlines and best-buy tables are dominated by retail savings products, with very few column inches dedicated to helping businesses determine the best places to stash their cash...
PCF posts 44% pre-tax profit increase
PCF Group PLC has reported a 44% increase in pre-tax profits to £5.2m (2017: £3.6m) in its preliminary results for the year ended 30th September 2018...
Mortgage Sleep Out raises over £100,000
Mortgage Sleep Out has raised more than £100,000 for End Youth Homelessness (EYH)...
Gatehouse Bank launches home purchase plan product
Gatehouse Bank has announced the launch of its first home purchase plan product after securing regulatory approval...
Monese offers free premium current accounts for dual UK/EU citizens
Monese has announced the launch of free premium current accounts for those holding dual EU/UK citizenship...