New members include Redwood Bank, Capital B Property Finance, Enra Group, Funding Options, Macquarie Group, White Oak Underwriting, Homes England and Newcastle Building Society. 

The total number of signatories now stands at over 370, covering 900,000 employees in the sector.

This year’s companies were announced alongside the third annual review by HM Treasury, which analysed data from 187 firms that signed the Charter before September 2018.

The review found that four out of five have met or are on track to meet their targets for female representation in senior management.

Promising results showed 64% of signatories had increased the proportion of women in senior management over the past year and 12% maintained the same level.

However, 24% of organisations saw the proportion of women in senior management fall.

One third of the firms who signed up to the Charter have already met or exceeded their targets.

•   As an industry, we have to 'constantly take stock'
•   Are we doing enough to support women in the specialist finance sector?
•   TV star speaks at inaugural Women in Specialist Lending Event

John Glen, economic secretary to the treasury and city minister, said: “I am determined to see financial services firms improve their gender diversity.

“Today’s figures show that progress is being made, but that there is still a great deal more to do. 

“With the scale of challenges and opportunities facing financial services, we cannot afford to miss out on the best talent and leadership.

“Firms’ response to Covid-19 has demonstrated that flexible working is not only possible but also a positive change which benefits everyone.

“As we plan our recovery, I encourage firms to think about how we build on the lessons learned to accelerate progress.”

This comes at the same time as signatories double for the Investing in Women Code, a Treasury-sponsored programme to improve access to finance for women, and to provide support to female entrepreneurs. 

Some 66 firms are now committed to increasing the transparency around the funding provided to entrepreneurs and founders and supporting innovative women.