Toronto-based Women in Capital Markets (WCM) will honour 15 executives from various segments within the financial services sector for their role in encouraging the advancement of women in Canada’s economy.

The “champions of change” will be recognized at a gala in Toronto on March 3 as a part of WCM’s International Women’s Day celebrations, according to a WCM announcement released on Thursday.

“In the Canadian capital markets there are substantial gaps in the level of female representation in senior management roles,” says Jennifer Reynolds, president and CEO of WCM, in a statement. “The WCM champions of change understand that this comes at a cost to the industry and the Canadian economy and have pushed boundaries to drive change in the financial industry.”

Reynolds adds that the 15 “honorees understand the important economic impact gender-balanced leadership has to Canada and they also demonstrate an ongoing commitment and have delivered pragmatic action to drive diversity and inclusiveness within their organizations.”

The corporate leaders who are being acknowledged include:

> Margaret Gunawan, managing director, general counsel and chief compliance officer with Toronto-based Blackrock Asset Management Canada Ltd.

> Divya Steinwall, vice president, business manager, iShares Canada with BlackRock Asset Management Canada.

> Dan Barclay, head of Canadian and international investment and corporate banking with Toronto-based Bank of Montreal.

> Charyl Galpin, head of Toronto-based BMO Nestbitt Burns Inc.

> Marc St-Onge, managing director and head of corporate banking in Canada with Toronto-based Canadian Imperial Bank of Commerce.

> Susan Rimmer, managing director and global head of debt capital markets with Toronto-based CIBC World Markets Inc.

> Halina van dem Hagen, executive vice president of treasury and capital management with Toronto-based Manulife Financial Corp.

> Warren Thomson, senior executive vice president and chief investment officer, Manulife Financial and chairman of Toronto-based Manulife Asset Management Ltd.

> Susan Monteith, executive vice president and managing director of client strategy and people development for the financial markets division of Montreal-based National Bank of Canada.

> Mark Hughes, chief risk officer with Toronto-based Royal Bank of Canada (RBC).

> Patti Perras Shugart, managing director and head of corporate banking and global credit with RBC’s capital markets arm.

> Pruyn Haskins, managing director and co-head of equity and advisory, global banking and markets with Toronto-based Bank of Nova Scotia.

> Marian Lawson, global head of financial institutions and transaction banking, global banking and markets, Scotiabank.

> Cecile Baker, managing director and head of communications, media and technology, leveraged finance with Toronto-based TD Securities Inc.

> Todd Hargarten, executive managing director and head of global equity derivatives with TD Securities.