Asset managers join diversity program

A $419 billion global investment manager and an Australian boutique are the latest signatories to a campaign aimed at attracting more diverse talent into investing roles.

Fidelity International and Yarra Capital Management recently joined the Mercer-led Future IM/Pact initiative. The campaign's initial focus is on women.

Fidelity International portfolio manager Anita Costa said it joined the initiative because it wanted to help increase the number of young women applying for investment roles.

"We're determined to inspire the next generation of female investors to seek out these career opportunities by providing visible role models and sharing our career stories," Costa said.

Yarra Capital portfolio manager and head of Australian equities research Katie Hudson said she was excited about the opportunity to mentor young women seeking a career in investment management.

Mercer learning and inclusion practice leader Yolanda Beattie said since the program's launch in August "we've seen strong interest from women as well as people from diverse backgrounds."

"The initiative will ramp up next year, with our National Investments Competition to be run in universities across the country in partnership with the University Network of Investing and Trading society," she said.

"We're looking forward to placing the competition's winning team in one of our partners' summer internship programs."

The competition will see gender-balanced teams of four complete a range of investment challenges, with teams mentored by an investor during a series of state heats and a national final.

Pendal is the first partner to advertise opportunities on Future IM/Pact with its Women's Summer Internship Program attracting interest from a broad range of female talent, Beattie said.

The newest partners join AustralianSuper, Cbus Super, HESTA, Magellan, NAB Asset Management, QIC, Wavestone, Nikko Asset Management and Pendal.

Read more: Fidelity InternationalPendalMercerAnita CostaNAB Asset ManagementYarra Capital ManagementYolanda BeattieAustralianSuperCbus SuperHESTAKatie HudsonMagellanNikko Asset ManagementQIC
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