Investment Banking

Bank boss reshuffle shows boardroom boys’ club intact: ‘It’s complete nonsense’

'Moving one or two women into key roles isn’t going to be the magic bullet'

Gina Miller, City campainer, notes that the number of women securing top jobs has dropped off during the pandemic, despite ongoing promises to increase gender parity in the upper ranks
Gina Miller, City campainer, notes that the number of women securing top jobs has dropped off during the pandemic, despite ongoing promises to increase gender parity in the upper ranks Photo: Getty Images

Two prominent banking appointments made in the space of 24 hours surprised the City last week. But unsurprisingly, they were both white and male, raising concerns that banks' efforts to promote more women into senior roles are taking a backseat during the pandemic.

The banking executive merry-go-round started with former HSBC banker Charlie Nunn being named chief executive of Lloyds Banking Group on 30 November, taking over from António Horta-Osório, who was later announced as Credit Suisse’s new choice for chair.

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