Mercer, a global consulting leader in advancing health, wealth and career – including diversity and inclusion (D&I) – and the Global Banking Alliance for Women (GBA), a leading consortium of financial services providers with specific strategies to support the female economy, announce a strategic collaboration focused on advancing women’s leadership in the financial services sector.
The collaboration will help GBA build its gender D&I services to member organisations via peer learning and the development of intellectual capital on gender balance. Through access to Mercer’s When Women Thrive survey/diagnostic tool, GBA members will also be given the opportunity to have their D&I efforts benchmarked against those of their financial services peers and other sectors.
“We are excited to work with GBA and to bring our extensive D&I knowledge to a sector that is working hard to achieve a better gender balance,” said Rob Baker, Head of Mercer’s D&I Consulting practice. “Firms with mature internal D&I gender programmes are often more successful in the market for financial services for women and in attracting and retaining female talent. Being representative of your customer base is important to achieving success, but there is also evidence to show that companies with a higher proportion of female leaders perform better.”
“Research from our membership across multiple years shows a strong correlation between internal gender D&I and performance with the Women’s Market”, commented Inez Murray, CEO of GBA. “We are delighted to be collaborating with Mercer to continue driving our members’ gender D&I efforts forward – and are particularly excited about the launch of our joint Working Group focussed on getting more women into the C-suite.”
Mercer delivers advice and technology-driven solutions that help organisations meet the health, wealth and career needs of a changing workforce. Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With nearly 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com. Follow Mercer on Twitter @Mercer. In the UK, Mercer Limited is authorised and regulated by the Financial Conduct Authority.
The Global Banking Alliance for Women (GBA) is a consortium of financial institutions driving women’s wealth creation. Our member institutions work in more than 135 countries and across all segments of the female economy to build innovative, comprehensive programs that deliver women the tools they need to succeed – including access to high-quality financial services, financial and business information and education, networks, and recognition for their contributions and successes. Membership in the Alliance provides organizations with a global clearinghouse for best practices and a unique platform for peer learning, giving them the resources they