At Scotiabank, we recognize that building a more diverse workforce enables us to become a better Bank and a stronger partner in our communities. While our work to build a truly inclusive organization is never complete, we're pleased with the progress we have made, particularly with regard to gender representation at all levels of the Bank.
Over the past seven years, women representation in Canada at the VP level and above has grown by 33%, bringing us to 40%. We have implemented many programs directed towards women at all levels, and across all business lines and functions. We remain deeply committed to investing in our women leaders to ensure they have equal access to the training, development, and mentorship they need to build a successful career at the Bank.
Tangerine benefits enormously from the leadership of Gillian Riley, who was appointed CEO in 2018. Gillian also leads The Scotiabank Women Initiative, which gives women entrepreneurs greater access to capital, education, and mentorship. The program is practical-by-design and in its first two years has been expanded to our Global Banking and Markets Business and our Wealth Business. We're now focused on expanding the program across our Americas footprint. Women representation on our Board of Directors stands at 46%, which we’re very proud of.
As a Leading Bank in the Americas, we view diversity as a competitive advantage, and we will continue to work to build a Bank where everyone has an equal opportunity to contribute and build a successful future.