ABN AMRO UK Sign the Women in Finance Charter


Because we wouldn’t have it any other way

ABN AMRO UK are committed to creating an inclusive organisation to drive change for a fairer and more gender balanced industry and  therefore have signed up to the Women in Finance Charter – a pledge for gender parity across financial services.

The governments review made four recommendations to the industry:

1. Firms should have one member of the senior executive team who is responsible and accountable for gender diversity and inclusion
2. Firms should set internal targets for gender diversity in senior management
3. Firms should publish progress annually against these targets in reports on their website
4. Firms should have an intention to ensure pay of the senior executive team is linked to delivery against these internal targets on gender diversity

What is our pledge to promote gender diversity and inclusivity?

1. Set a target of 30% female representation on the UK Executive Committee by the end of 2021
2. Publish annual progress against this target on our website
3. Rick Torken will be the member of the UK Executive team who is responsible and accountable for gender diversity and inclusion for ABN AMRO UK
4. Have an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity

What have we done so far?

1. We have reviewed every job role in our UK organisation to increase take up of flexible working by all staff. By actively promoting flexible working we’ve become known as an attractive family-friendly employer
2. Ensuring that our diversity and inclusion statistics are presented and discussed at all our UK management meetings
3. We have created a fairer recruitment process to ensure we get the best talent from a wide pool of applicants - for example, eliminating personal information such as gender from the application
4. We encourage and support our people in their careers
5. We are working on initiatives to help grow and promote women to move up the organisation such as mentorship programs

"To attract, develop and retain female talent"

Alex Pharaoh , Head of legal at ABN AMRO and the UK Diversity and Inclusion Champion said: “I am delighted that ABN AMRO UK has committed to the Women in Finance Charter. Gender equality in the workspace is good for all of us and our focus to engage both male and female across the organisation to attract, develop and retain female talent, will provide us all with diverse perspectives, skill sets and experiences.  We have put in a lot of work to get to this stage and we are fully aware that these targets only represent the beginning of our diversity journey.  We need to keep up the hard work to embed a new culture and set of behaviours that will help us turn them into reality. I am confident that our organisation will create pathways that empower and enable all of our employees to succeed”.

Why diversity matters

In the McKinsey Study ‘Why Diversity Matters’ it states that Gender-diverse companies are 15% more likely to earn above-average revenue. As a Bank with a focus on sustainability, gender diversity will help us to continue to grow as an organisation and deliver relevant products and services to our clients as well as supporting a forward looking culture within the Bank. 

Although our gender diversity targets for ABN AMRO UK may look somewhat modest, we believe they are realistic and achievable in the short term and will form a platform to build upon diversity in the years ahead.

Any questions?

If you’ve got any questions about the way we’ve implemented the Women in Finance Charter, we would be glad to talk to you. Email the Diversity and Inclusion Committee 

For more information on the Women in Finance Charter