A recent BMO survey indicates that 55 per cent of Canadians, including 63 per cent of women, polled believe there is still a ‘glass ceiling’ for women in the financial services industry.
Meanwhile, two-thirds of Canadians polled say men have more career opportunities than women and 87 per cent - including 89 per cent of women - say women need to support female employees more to find a balance between work and home life. The online survey was conducted on 1,009 Canadians at the end of February.
CIBC has pledged $1.5 million to advance female leadership in finance by in investing in two of Canada’s top business schools.
The big bank will fund 48 CIBC Women in Financial Services Scholarships and diversity education at the Rotman School of Management in Toronto and the Richard Ivey School of Business in London, Ont.
The investment will also provide recipients with mentorship from CIBC business leaders, as well as practical training and networking opportunities through workshops, events and at bank branches.
The European Central Bank has appointed Julie Dickson - Canada’s top financial-industry regulator - to a new panel overseeing European lenders.
Dickson, 56, will finish her seven-year term as head of the Office of Superintendent for Financial Institutions in Ottawa in July.
Sirkka Haemaelaeinen, a former ECB board member from Finland, was also appointed to the panel. Haemaelaeinen, 74, was also a member of the ECB’s Executive Board from 1998 to 2003, one of just three women to ever hold a post there.
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