© Nobuyiki Taguchi

London’s financial district has a problem with senior women. Despite the countless programmes designed to retain them, why do they still drop out in large numbers — and is there a solution?

When she was molested after a night out with colleagues, Penny Duncombe* felt a mix of numb shock and vindication. After a few years in investment banking, she had long realised that the environment was infused with sexist attitudes — though she never guessed it would extend to a colleague spiking her drink in readiness for a calculated assault.

Newly arrived at one of the City of London’s top banks, the equities specialist (who asked that her real name not be published) had quickly earned a reputation as an “ice queen”. “They thought I was antisocial,” she recalls. “But I just didn’t feel comfortable going out with them. My boss was a bully in the office so the last thing I wanted was to spend time with him after work.”......Continue Reading

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