Research Note: Gender diversity in UK financial services

The last few years have seen a major focus on gender diversity in financial services. Has progress has been made?

Read the Research Note (PDF)


Businesses have faced ever greater scrutiny and criticism over gender diversity – with few industries more in the spotlight than financial services. Concerns include firms being unrepresentative of society and male dominated firms being more risk-taking.

But while the general lack of diversity in UK financial services firms is well known, how visible women are across different levels of seniority is not. Existing research on female representation is also often restricted to key market leaders and consistent measurement has been challenging.

Using our own data, we look at how gender diversity has developed at senior level looking at role, firm and sector to see what gains, if any, have been made.


Karen Croxson, Daniel Mittendorf, Cherryl Ng, Helena Robertson


Research notes contribute to our work by providing rigorous research results and stimulating debate. While they may not necessarily represent the position of the FCA, they are one source of evidence we may use to discharge our functions and inform our views. We strive to ensure research outputs are accurate, through checks including independent referee reports, but the nature of such research and choice of research methods is a matter for the authors using their expert judgement. To the extent that research notes contain any errors or omissions, they should be attributed to the individual authors, rather than the FCA.