Diversity  

Pension firm pushes diversity with senior promotion

Pension firm pushes diversity with senior promotion

Momentum Pensions has cited the importance of diversity in fund management as it promoted a woman as managing director. 

Susan Brooks, who has been the group's head of administration and investments over the past five years, has been appointed as managing director of Momentum Pension's international businesses.

According to Stewart Davies, group chief executive: "Good business thrives on diversity, which is why we ensure that there is a balance of backgrounds across the entirety of our team.

"The appointment of Susan in one of the most senior positions in the business is a clear reflection of Momentum's continued ethos of championing women in management." 

Ms Brooks, who recently completed her chartered tax adviser qualification with the Irish Tax Institute, said it had taken "five years of hard work" to get her CTA qualification. 

She commented: "I am looking forward to bringing the knowledge and skills I have learned to Momentum and I would like to take the opportunity to thank the team for their support and encouragement along the way". 

Ms Brooks added: "Momentum is growing rapidly and the creation of the role of managing director is a clear indication of the continued strength of the international pensions sector.

"I'm delighted to be leading the international team and taking Momentum into its next phase of growth."

This comes as the 30% Club reaches its tenth year. The campaign to get at least 30 per cent female representation on boards and at senior level among UK companies has now expanded to 14 other countries and regions. 

According to the 30% Club, women's economic participation and leadership in business is essential to drive business performance, as well as to advance corporate sustainability and increase global gross domestic product, which is why it is important to have diversity at the top, as well as at the bottom, of organisations.

simoney.kyriakou@ft.com

Financial Adviser is calling on the regulator to do more to encourage, promote and support diversity and inclusion across financial services. Let us know what you think by emailing fa.letters@ft.com