HSBC Singapore aims for 40% of women in senior roles by 2022

Singapore

HSBC Singapore plans to have 40 per cent of women in its most senior positions by 2022, up from 30 per cent currently. It has also set a target to have half of its managerial positions to be taken up by women by 2022, the bank said on Thursday.

The bank told The Business Times that it does not disclose or publish gender pay statistics. "We do perform reviews to ensure appropriate pay outcomes and make adjustments where required," a HSBC spokeswoman said. She added that the bank continues to encourage and promote transparency over performance and pay decisions. It has also implemented several initiatives such as streamlining variable pay, which the bank said would help remove bias from decision-making when it comes to salary.