Catalyst’s Report to Women in Capital Markets: Benchmarking 2008
This is the fourth installment of a series commissioned by Women in Capital Markets (WCM) that tracks the representation of women in the Canadian Capital Markets industry. It also profiles senior women in the industry who share their challenges to advancement along with the personal and professional rewards of working in Capital Markets. Catalyst collected data from six financial institutions: BMO Financial Group, CIBC, National Bank Financial Group, RBC, Scotiabank Group, and TD Bank Financial Group.
- The study found that in 2008 women held only 17 percent of all line positions—those important to advance to the highest levels—with no change since 2000.
- By level, there was also little change since 2000, with women’s share of positions consistently and substantially smaller at each higher level.
- Decreased levels of women in line positions at the Professional and Managing Director and Above levels since 2005 indicate a weakening pipeline and, potentially, less diversity of thought at senior decision-making tables.