At United Trust Bank (UTB) we value diversity and welcome the multiple perspectives that contribute to building an inclusive culture in which everyone’s opinion is heard. Our people are professional and engaging and have the freedom to operate to deliver excellence.
Over the last few years we have seen continued improvements in our Gender Pay Gap and believe this is partly due to the initiatives we have introduced at the Bank. Looking at the wider financial services industry, our results are comparable to our peers. We do, however, recognise that there is always room for improvement and devote time to discuss and debate these issues on an ongoing basis.
Our Gender Pay Gap continues to be influenced by the proportionately higher number of males in senior management roles. We have introduced several initiatives to improve this, including actively recruiting for women in all roles and specifically senior roles. Over the last 12 months we have made several key appointments, which have contributed towards creating a more diverse talent pool. We hope these appointments, combined with other initiatives in place, will help to further close our Gender Pay Gap. But, this will take time.
Another initiative I would like to highlight is our Diversity & Inclusion Committee, which was formed in 2020. It consists of employees from all levels within the organisation who are committed to helping lead, guide and support the UTB Diversity and Inclusion agenda. The Committee plays a key role in identifying opportunities to create an environment and embed practices that support equal access to opportunities for professional growth and advancement for all. We will share further details of the actions and outcomes of this committee in future Gender Pay Gap narratives.
At UTB we want to ensure that we continue to retain and attract the very best people in the industry. Gender diversity is critical to this. It is a key focus for us as we channel our efforts to make sustainable change over the long-term, and it remains an important measure of our overall success as a business. Thank you to everyone at UTB who is working hard to deliver our vision of an inclusive, dynamic and inspiring place to work.
We look forward to making more progress over the coming years.