Morgan Stanley and UBS Group AG’s Australian operations are paying male staff over 40% more than women on average, according to company level data released by the Australian government for the first time on Tuesday.
Units of Barrenjoey Capital Partners Pty Ltd. and Bank of America Corp. also have median gender pay gaps of a similar magnitude, in a sign of how deeply compensation differentials are entrenched in the finance industry despite years of high-profile diversity initiatives intended to narrow the chasm.
Source: bloomberg.com
