Hermes Investment Management published an above-average gender pay gap of 30.2 per cent Times Newspapers LtdHermes Investment Management has become the latest financial services firm to reveal a large gender pay gap, admitting that its female employees receive 30 per cent less than men. The fund manager, one of the largest in the City, acknowledged that the divergence was not consistent with its stated purpose of being a responsible investor. Hermes said that it had a “strong culture of responsibility, ingrained in its DNA, and firmly believes that it should lead by example”. Hermes manages assets worth about £33 billion, including stakes in many of Britain’s biggest companies. It published an above-average gender pay gap after Barclays’ international division, which houses the bank’s investment banking business, reported a 48 per cent disparity — a gap that Nicky Morgan, chairwoman of the…

Source: The Times March 05, 2018 23:48 UTC