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Jayne-Anne Gadhia

As CEO Jayne-Anne has taken executive sponsorship for gender balance at Virgin Money. Under her leadership they have publically committed to achieving a 50:50 gender balance by 2020 at all levels in the company, and to closing their gender pay gap. She has made diversity and inclusion a key strategic priority for the company. Internally she brings the topic to life through sharing examples in her weekly all colleague email, regularly talking about the topic at colleague gatherings and recognises D&I achievements in their EBO stars awards. The Jayne-Anne sponsored gender equality plan at Virgin Money is based on progressing the top three findings to achieving gender equality identified through extensive research during the ‘Women in Finance’ review. Externally, Jayne Anne was asked by HM Treasury to lead a review into the lack of female representation in senior roles in the financial services industry. The resulting ‘Women In Finance Review’, published in March 2016, recommended setting/publishing targets, aligning remuneration to achieving those targets, and ensuring senior sponsorship. Since publication, she has been appointed the Government’s business champion for gender equality, speaking extensively about the importance of gender equality in business. In July 2018, HM Treasury announced that since publication of the ‘Women In Finance Review’, a further 68 firms have signed the Women in Finance Charter, taking the total number to 273 firms across the financial services sector and covering over 760,000 UK financial services employees.

Matt Elliott

Matt leads the company approach to D&I and is responsible for delivery of the plan and achieving their ambitions. VM has led from the top, with a 50/50 Board and the only all female Chair/CEO Team. Under Matt’s leadership, they adopted the Women in Finance recommendations established by HMT. He has driven a plan based on equality in hiring & progression, and removing barriers through greater flexible working, capability of managers, and enabling technology. VM’s first Returners Programme enabled experienced women who have been out of the workplace to update their skills and knowledge and transition back into the workplace. Matt introduced equalising parental leave pay with maternity pay 3 years ago, and led VM’s approach to Gender Pay Gap reporting, which has led the way in the UK. Having introduced maternity mentoring to VM, Matt was the first mentor, and continues to mentor a number of women both within and outside of VM. Externally, he has spoken about building careers at all women events, has spoken at various events supporting gender equality, and supported the Government’s roll out of gender pay gap by speaking at their Welsh roadshow.

Jayne-Anne Gadhia

Jayne-Anne Gadhia is the government’s Women in Finance Champion. In 2015, HM Treasury invited Jayne-Anne to review and report on the representation of women in senior managerial roles in the Financial Services industry. The Review recommended that financial services companies should set targets for gender diversity in senior management and publish progress against those targets annually. The Review also recommended progress against the targets should be explicitly linked to variable pay for the Executive team. Jayne-Anne’s report led to HM Treasury’s Women in Finance Charter – a commitment by firms to work together for gender equality in financial services. The Charter has been a huge success with over 140 signatory firms, covering over 560,000 people – equal to over half of the employees in the financial services sector. Whilst recognising there is more to be done, Jayne-Anne believes the Charter will make a real difference in improving culture, make firms more female-friendly, and offer the opportunity to have a successful and rewarding career.

Matt Elliott

Virgin Money aim to make ‘Everyone Better Off’, an ethos based on fairness to all their stakeholders they have been pursuing for 10 years. Matt leads from the front on this agenda in the company. In relation to gender equality, they have committed to achieving balance at all levels of the company, which includes increasing male representation in more junior levels and increasing female representation in senior positions. Their target is to be 50/50 by 2020 at all levels. He focuses on creating a culture which encourages flexible working, enhances capability of managers, and delivers enabling technology. Innovative approaches such as a new policy committed to matching existing flexible working practices of senior applicants to attract female talent, and introducing a “Baby App” enabling colleagues on maternity leave to keep in touch, are just two examples of Matt’s work. He has been integral to developing Virgin Money’s leading approach to reporting and addressing the gender pay gap. Maternity mentoring has also been introduced under Matt’s leadership – he was the first mentor to sign up to the programme. Externally, he speaks at a variety of events and regularly contributes to articles on the importance of gender parity.

Jayne-Anne Gadhia

Jayne-Anne Gadhia is the government’s Women in Finance Champion. In 2015, HM Treasury invited Jayne-Anne to review and report on the representation of women in senior managerial roles in the Financial Services industry. The Review recommended that financial services companies should set targets for gender diversity in senior management and publish progress against those targets annually. The Review also recommended progress against the targets should be explicitly linked to variable pay for the Executive team. Jayne-Anne’s report led to HM Treasury’s Women in Finance Charter – a commitment by firms to work together for gender equality in financial services. The Charter has been a huge success with over 140 signatory firms, covering over 560,000 people – equal to over half of the employees in the financial services sector. Whilst recognising there is more to be done, Jayne-Anne believes the Charter will make a real difference in improving culture, make firms more female-friendly, and offer the opportunity to have a successful and rewarding career.