The charter — which aims to increase the number of women in senior roles within the financial sector — is a commitment by HM Treasury as well as other financial institutions to work together to build a more balanced industry.

Firms signing up to the charter are required to show a commitment to implementing four key industry actions, including supporting the progression of women into senior roles in the financial services and showing how they have linked executive variable pay to their gender diversity targets.

Redwood Bank’s WIF Charter target is to work towards 30% female representation across the senior management team by the end of September 2021.

“In signing the charter, we endorse the aspiration to achieve a gender balance and diverse workforce across the bank, as this is an integral part of our culture, values, behaviours and the way we do business,” said Tracey Lester, head of human resources at Redwood Bank.

“The bank has already begun this journey by creating a culture of inclusion, development programmes and coaching for all critical positions to ensure a continuity of leadership, and by documenting behaviours that support our values, which are assessed along with objectives in equal measures.”

Tracey added that Redwood Bank would be implementing further initiatives to help deliver its target over the next two years.

Pictured above: members of the Redwood Bank team