We recognise the diversity of our people as a source of strength. We seek to create an environment that allows all our employees to thrive, because the diversity of experiences, knowledge and approaches that they bring is necessary to drive performance and innovation. We have an inclusive work environment encompassing gender diversity as well as a multi-cultural and multi-generational workforce.
As at 31 December 2017, 55% of our workforce and more than one-third of senior management positions (SVP to MD) are held by women. The overall gender pay gap across our six key markets, adjusted for ranks and locations, is insignificant at only 1%. This reflects our philosophy of hiring and remunerating based on merit without prejudice to gender.
In January 2018, we were one of six Asian (ex-Japan) and among over 100 companies from ten sectors headquartered in 24 countries and regions to be recognised in the inaugural sector-neutral 2018 Bloomberg Gender-Equality Index (GEI). The reference index measures gender equality across internal company statistics, employee policies, external community support and engagement, and gender-conscious product offerings. Read more in the full release here.
The women on DBS' group management committee, who make up 30 per cent of its members, are (from left) Ms Eng-Kwok Seat Moey, head of DBS' capital markets group; Ms Pearlyn Phau, deputy group head of DBS' consumer banking and wealth management; Ms Tan Su Shan, group head of DBS' wealth management; Ms Jeanette Wong, group executive, head of DBS' institutional banking group; Ms Chng Sok Hui, DBS' chief financial officer; Ms Lee Yan Hong, head of DBS' group human resources; and Ms Karen Ngui, head of DBS' group strategic marketing and communications.