Spotlight on diversity in the financial services and technology sectors In our data set, financial services firms The telecom, media, and technology (TMT) are overrepresented in the top quartile for companies in our sample, the majority of gender diversity.As a whole, they have been which are tech firms, are disproportionately able to improve gender diversity more than represented in the fourth quartile for other industries we examined – with women gender. The companies in this industry comprising on average 18% of executive group are also among those that have teams versus 13% among consumer and seen the greatest decline in diversity retail companies, for example. Since the representation since our 2015 report. publication of our first report, levels of This could reflect widely covered challenges gender-diverse representation in financial that parts of the sector have faced with services firms have increased more than issues like gender bias, pay, and promotion. have levels of ethnic and cultural diversity. 17 Delivering through diversity Section Heading