Citi Singapore adjusts gender wage gap; lifts female representation closer to 40% target for 2021

CITI Singapore has adjusted the pay of women at its bank who, when compared with their male peers of equal work performance, did not receive equal compensation. 

In numbers revealed to The Business Times on Wednesday, Citi further said that in Singapore, the bank's female representation at assistant vice-president to managing director level roles has increased from 32 per cent in December 2017 to 36 per cent in December 2019. 

Across Asia-Pacific, Citi promoted 14 women, or 31 per cent of the total 45 managing directors named in Asia in December 2019. That's up from only eight in 2018, or 21 per cent.