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Since singing up to the Women in Finance Charter, both Virgin Money and CYBG have worked hard to make progress against our targets, which reflects the commitment we have to build strong female representation at all levels within our organisation. This year, as we come together to form a new and exciting Virgin Money, we have taken this opportunity to learn from each other while also reviewing our WIFC targets and definition of senior management to better reflect our newly combined senior management team.
Going forward, our newly combined company target for 2020 will be 40% females in senior management positions with our longer-term aspiration for gender balance of 40-45% by 2022. Along with a review of our combined target, we have amended our definition of senior leadership to better reflect the newly combined structure.