BMO GAM and Columbia Threadneedle reveal gender pay gaps

Lack of females in investment and sales divisions

BMO Global Asset Management (BMO GAM) and Columbia Threadneedle have announced their gender pay gaps of 34% and 29% respectively.

For BMO GAM, this is in line with the average gender pay gap, according to PwC, which is 34%, but the bonus figure is one of the highest seen so far at 82%. Bonueses were awarded to 90% of male employees at BMO GAM and 86% of female staff.  The firm said the bonus figure in 2017 was higher than usual due to the vesting of awards from the F&C acquisition by BMO in 2014. In a normal year, excluding exceptional payments, the bonus gap would reduce by over 5%.  Jupiter admits firm 'must do better' as it reveals 38% gender pay gap Overall 62% of the firms' employees were male and 38%...