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Nicky Morgan pressures more City firms to sign up to gender equality charter 

City firms including Goldman Sachs, Invesco Perpetual and NFU Mutual have committed to signing up to a government-backed gender equality charter after being pressured to do so by the chairman of the Treasury select committee.
Nicky Morgan, the Conservative MP, wrote to more than 30 finance firms urging them to sign up to the Women in Finance Charter – or explain why not. The charter commits firms to building a more gender balanced industry, including hiring more women in senior roles.
“If they don’t intend to do so, the Treasury Committee wants them to explain why,” Ms Morgan said.
The charter, which was launched last November, has over 160 signatories representing more than half of the finance industry, or over 600,000 employees – but had a number of high profile omissions.
When contacted about Ms Morgan’s letter, Goldman Sachs, Invesco Perpetual and NFU Mutual all confirmed they would be among the the next round of signatories, expected to be updated next month.
Swiss banking giant UBS, which employs more than 5,000 people in the UK and had previously held out on signing, said it would now consider joining the charter.
Nicky Morgan pressures more City firms to sign up to gender equality charter 

Virgin Money chief Jayne-Anne Gadhia urged more City firms to sign up to the charter

Credit:
Ian Rutherford
Challenger bank Metro, merchant bank Close Brothers, BNP Paribas, insurers QBE Insurance and XL Catlin and invoice funding firm MarketInvoice said they would sign up.
JP Morgan, AIG Europe, LendInvest, Aspen Insurance, Bupa, Seedrs, Vanguard and GoCardless said they were considering signing up. Coventry Building Society said it supported the principles of the charter. 
Zopa said it was "reviewing our involvement on an ongoing basis". Etoro said it supported the principles but felt it "would be premature for a company of our size" to sign up. WorldRemit and Liberty said they were not able to track down Ms Morgan's letter.
Pimco, Iwoca, Algomi, Amundi, British Arab Commercial Bank, Chubb European Group, CrowdCube, Currency Cloud and DueDil were unavailable for comment.
City firms began scrambling to sign up to the charter last month after calls from Virgin Money chief Jayne-Anne Gadhia to “get on board” in the wake of the Presidents Club dinner scandal.
At the time Metro said it would sign up, while Goldman Sachs was then understood to be signing up.
Ms Gadhia said: “I am keen to see even more firms sign up and make a positive, public commitment to improve gender balance.
“We all have the potential to make the UK’s financial services sector more representative and reap the resulting benefits of improved productivity, profitability and outcomes for customers."
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