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The Good Finance Framework June 2021

Women in Banking and Finance: “In this study, suggested actions for firms to take to reduce the headwinds relayed by the women are identified. Equally valuable is information on tailwinds and ways in which they can be replicated or artificially constructed by firms to improve the growth and retention of women have been recommended. This has clear merit given that the first year of the WIBF Accelerating Change Together Research Programme is focusing on the “Missing Middle”. Reducing headwinds and augmenting tailwinds can help retain talent in the industry at this key vulnerable point in a woman’s career.The study has strategically targeted women who are working in areas that have a high proportion of men, as well as those that have more gender balance but have what appears to be a glass ceiling. To this end, this study focuses on women who are working in front office (“FO”) income-generating roles (high share of men), alongside women working in communications and compliance (“CC”) (lower share of men)…”

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