- Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders
- Masthaven’s most recent edition of Broker Beat research suggests brokers think gender diversity in financial services is improving. More than a third (37%) of brokers who feel gender diversity is a problem for industry have said they also think it has improved over past five years.
Masthaven Bank has launched a digital development programme for its female leaders which aims to hone their leadership skills, develop as professionals and help them build stronger peer support communities at work. The announcement follows research from the bank which suggests brokers feel that gender diversity - while still an issue for the financial services sector – has improved over the past five years.
The bank, which is delivering the programme in collaboration with WDI Consulting Limited, which specialises in culture change and inclusion, will see eight female members of its leadership team engage in a personalised development programme over a six-month time period.
News of the launch follows a research report from Masthaven which suggests brokers feel that gender diversity in the industry is improving. According to Masthaven Bank’s Broker Beat
research survey, more than a third of brokers surveyed (37%) who said gender diversity was a problem for the industry also said it has improved over the last five years.
Tricia Halpin, chief people officer at Masthaven Bank and leading the Women in Leadership scheme said:
“We’ve worked hard to ensure all of our colleagues have equal opportunities to grow in their roles and realise their career ambitions. The Women in Leadership programme is about enhancing the skills of our female leaders and empowering them to influence change in the wider industry. However, while we have achieved a good gender balance in our leadership teams at Masthaven, we recognise that there is always room to improve and will continue our recruitment and development drive for more diverse teams across the bank.
“Brokers feel gender diversity in the industry is improving, and that is a positive sign. However, it is clear the market still faces challenges in getting more women into senior roles and attracting new talent – almost seven out of ten (69%) brokers we surveyed feel the market needs to do more to improve its image to appeal to younger people, for example. We’re working with our leaders to help inspire the industry – whether that be through speaking at events, digital networking or in conversation with brokers – to continue striving for positive change.”
Women on the development programme will take part in a series of digital workshops, one-to-one coaching sessions with WDI Consulting specialists and have access to an online networking group for women leaders.
Lynn White, founder at WDI Consulting and specialist in women’s leadership development said:
“Extensive research shows that having more diverse teams leads to more profitable, sustainable businesses where teams are encouraged to thrive.
“Our digital programme is based on our extensive research into gender balance and more than a decade’s experience of one-to-one coaching in this space. Collaborating with Masthaven on this programme for their leaders has been hugely rewarding. They are taking a pro-active approach to diversity in a sector where there is a huge opportunity to build a differentiating inclusive brand. We’re looking forward to continuing our work with the Masthaven team in their mission to lead from the front in the drive for gender diversity across the industry.”
Masthaven’s Broker Beat
research also suggested that more than three quarters (77%) of intermediaries are confident about the market’s prospects for 2020, citing remortgaging, second charge finance products and later-life lending as key areas for potential growth.
Masthaven launched as a retail bank in 2016 and offers a variety of savings and specialist lending products. For more information visit: https://www.masthaven.co.uk/
Notes to editors:
About the Broker Beat research
The research was conducted by Masthaven, surveying 217 intermediaries working within the specialist lending industry across the UK. Respondents were asked questions regarding thoughts on the mortgage market and direction their company will be moving in over the next twelve months.
About Masthaven Bank
Masthaven launched as a retail bank in 2016 and offers award-winning saving and lending products. Prior to that, Masthaven Finance has provided a flexible and personalised approach to bridging loans and secured lending since 2004. Today, the bank’s knowledgeable and experienced specialists are committed to providing customers with flexible and fixed term savings accounts, bridging loans, development finance and mortgages.
Masthaven was recognised as 2019’s Most Innovative Digital Retail Bank UK by CFI, the second consecutive win for the category. Masthaven won Best Second Charge Mortgage Lender in the Your Mortgage Awards 2018/19 and Customer Service of the Year in the Money Age Mortgage Awards in 2019.
Masthaven was also awarded Best Specialist Lender in the Moneynet Personal Finance Awards 2019. Masthaven Finance has featured in 2015’s The Sunday Times’ Virgin Fast Track 100 (at number 81) and the bank ranked 240 in Financial Times’ FT1000 list published in 2017. The bank is regulated by the Financial Conduct Authority and Prudential Regulation Authority.
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