has announced it has become a signatory of the Women in Finance Charter. The Charter asks financial services firms to work together to create a gender balance at all levels by pledging to implement four key industry actions, including setting internal targets for gender diversity in senior management and publishing progress annually against these targets.
The Bank, which was awarded its banking licence in 2016, has launched a number of initiatives that champion gender diversity in recent years, including its ‘Women in Leadership’ and ‘Emerging Leaders’ programmes. These programmes, which are delivered in collaboration with WDI Consulting, are designed to support growing numbers of women in senior and managerial positions at the bank with resources that will assist their career development.
As it stands, women comprise 47% of staff at Masthaven, holding 34% of all senior management positions and making up 33% of the bank’s board.
Tricia Halpin, Chief People Officer, at Masthaven, said:
“The Women in Finance Charter enshrines the values that Masthaven lives by. As an organisation, we understand the need to prioritise diversity and inclusion, which is why we’ve invested in our people. The Bank has launched initiatives to support women in their career development and ensure everyone shares in the company’s success.
“Diversity, of all kinds, is well known to benefit businesses. Diverse viewpoints spark innovation, and a wide range of perspectives means we can better support our customers from all walks of life. Diversity and inclusion need to be at the top of the agenda for every organisation and we’re proud to be signing the Women in Finance Charter as we commit to encouraging female talent across the business.”
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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 2020’s Most Innovative Digital Retail Bank UK by CFI, the third 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. It 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. In 2020 it featured in Forbes as one of the top 10 fastest growing companies in the UK.
The bank is regulated by the Financial Conduct Authority and Prudential Regulation Authority.