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Catalyst’s Report to Women in Capital Markets: Benchmarking 2005

Catalyst’s Report to Women in Capital Markets: Benchmarking 2005 is the third in a series of research reports examining the representation levels of women in the Investment Dealer and Retail Private Client lines of business of the Canadian Capital Markets industry. In 2005, a new addition to the series highlights company practices from the industry—programs, initiatives, or activities that support organizational diversity and inclusion efforts and are considered promising models for others to follow.

Catalyst collected representation data from six financial institutions: BMO Financial Group, CIBC, National Bank Financial Inc (subsidiary of the National Bank of Canada), RBC Financial Group, Scotiabank Group, and TD Securities (subsidiary of TD Bank Financial Group). 

  • Overall, in 2005, there were 5,729 women out of a total of 14,647 positions in the Canadian Capital Markets industry, down from 6,002 in 2002. There were more women on the investment dealers side than in 2002, but fewer women on the retail private client side.
  • Men continued to outnumber women four to one across the industry (excluding support staff).
  • Women continued to predominate in staff positions, and the proportion of women in line roles remained virtually unchanged at 18 percent.
  • Despite absolute gains in the number of women at the Vice President and Managing Director and above levels, the proportion of women at these levels remained virtually the same since 2002.
  • Women’s representation at the professional level increased from 20 percent in 2000 and 2002 to 23 percent in 2005, despite an overall population drop.
  • In the investment dealer business, women’s representation increased from 23 percent in 2002 to 26 percent in 2005.
  • In 2005, in the retail private client side of the business, women held 12 percent of Managing Director and above positions, up from 8 percent in 2002.

Sponsors: BMO Financial Group, CIBC, National Bank Financial, RBC, Scotiabank Group, TD Bank Financial Group