Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • Sections
  • News

Partnership launched to boost investment industry's black talent

Open-access content Wednesday 15th July 2020
iStock-697940466.jpg

A group of leading financial services companies have joined an initiative to tackle the under-representation of black talent in the UK's investment industry.

Run by Entrepreneurs in Action, the project will see 10 firms work with more than 25 students, primarily from schools across South London, to find ways to increase the applications, opportunities and development of young black people in entry-level roles.

Redington, Aon, Fidelity, Invesco, LCP, Lincoln Pensions, Mercer, Morgan Stanley, St James’ Place and Wellington will share details on their current diversity initiatives and entry-level strategies, and on what they perceive as any barriers to bringing in young black talent. 

Students will then be encouraged to challenge the firms on their existing approaches, based on their own experience and market research, and present their findings and solutions as part of a digital session later this month. 

“As someone who joined the industry 30 years ago, I am aware it has made slow progress to identify and recruit black talent, despite a range of entry programmes under the banner of diversity,” said Entrepreneurs in Action CEO Derek Browne.

“This initiative provides a unique platform to engage some of the highest profile investment management and consulting firms with a range of talented young individuals who are excited about the industry. 

“Working with GenZ to solve industry challenges is the way forward and I hope this is the first of many programmes for Entrepreneurs in Action to work with the industry.” 

Despite decades of running diversity and inclusion initiatives, the firms signed up to the new initiative agree that the investment industry's representation of black employees is not good enough at all levels.

It is hoped that engagement with young black students can help solve the following questions: What problems/obstacles do we need to understand? What blind spots can you illuminate? What solutions can you suggest, specifically for bringing more entry level black talent into our organisations?

The solutions will be presented to CEOs and other senior leaders from the participating firms, as well as representatives from the industry. 

“This is a great opportunity to engage directly with young black students to hear their ideas for our industry, and hopefully in return inspire them to consider a career in investment,” said LCP's head of investment Clay Lambiotte.

“We know we need to be doing more to attract black talent, and this programme will give us a fresh perspective on current diversity policies to drive the change needed to make our firm and industry more representative.” 

 

Author: Chris Seekings

Image credit: iStock

Also filed in
News
Topics
Investment

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Life Reinsurance – Client Manager/Senior Manager

London (Central)
£ excellent + bonus + benefits
Reference
143661

Life Actuarial Analyst

South East / hybrid with 3 days per week office-based
£ dependent upon experience
Reference
143660

Investment Associate Consultant

Flexible / hybrid
£ dependent upon experience
Reference
143659
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ