Nigel Emson, Zurich’s head of strategy, has been appointed to an independent taskforce to improve socio-economic diversity at senior levels in financial and professional services across the UK.
The taskforce, commissioned by HM Treasury and BEIS and run by the City of London Corporation, aims to “increase the number of people from non-professional backgrounds reaching senior level positions”.
Emson is one of five representatives from the insurance industry selected for the 37-strong advisory board that will shape the taskforce’s work.
The taskforce itself is formed of a “diverse group” of members both in financial and professional services and more broadly.
It will attempt to “boost representation” in the sector by leading an industry consultation on how government, regulators and sector bodies can incentivise firms to take action to improve socio-economic diversity.
In addition, it will create a membership body for financial services, “focused on progression”. Employers can use this to “benchmark against their peers and share best practice on delivering socio-economic diversity at senior levels”.
The taskforce will also produce a productivity analysis, to build the business case for increasing socio-economic diversity at senior levels in financial and professional services.
The City of London Corporation will report back on the findings of the taskforce by November 2022, with the first formal meeting due to take place in May 2021.
Emson said: “It’s a real pleasure to join the advisory board as it’s a subject area close to my heart. Embracing socio-economic diversity in our sector and unlocking its latent productivity benefit is something we, at Zurich, are passionate about and are dedicated to making progress with alongside our industry peers.
“It is vital that we ensure talented people can excel in the financial services industry, irrespective of their background.”