More companies join diversity initiative for investment management industry

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Victorian Funds Management Corporation (VFMC) and CFA Societies Australia have become the latest companies to join the Future IM/Pact initiative aimed at increasing the diversity of talent entering the investment management industry.

The initiative was originally launched in 2018 and has provided more than 370 women with experience through its virtual internship program, mentorship circles, investment competition and intern placements. and graduates.

Future IM/Pact founder Yolanda Beattie said the two firms would provide critical support for the initiative’s ambition to increase the depth of the pool of female investment talent.

“The women we hire are driven to build careers where they can make an impact on big issues and apply their intelligence to real results. Investing to benefit people in their condition is an attractive career proposition and we are delighted to profile the incredible talents of VFMC to showcase this opportunity,” she said.

“We are delighted to work with CFA Societies Australia to convey this message to their candidates and then champion their potential with our partners. I am confident that this collaboration will strengthen our two efforts to make a difference on this issue.

Future IM/Pact has also recently focused on the early career segment by developing a pipeline of talented women with experience in key nurturing roles such as investment banking, management consulting and corporate finance. ‘business.

Commenting on the new partnership, VFMC CEO Kate Galvin said it provided her team with a valuable opportunity to be able to mentor the next generation.

“After years of targeted recruiting, we now have a wide range of female talent not only in our investment and leadership teams, but across our organization,” she said.

“Partnering with Future IM/Pact will help VFMC continue to grow our pool of female talent and move even closer to our goal of being one of the first Australian fund managers to achieve gender balance.”

CFA Societies Australia CEO Lisa Carroll said the partnership would support the organization’s efforts to see more women undertake Chartered Financial Analyst qualifications and thrive in financial roles.

“Helping more women launch their investing careers is one way to inspire more women to earn the sought-after CFA designation and address the long-standing gender imbalance in the industry,” she said. .

“Partnering with Future IM/Pact gives us a channel for women in college and early career women who might not have considered this career path otherwise.”

Other Future IM/Pact partners include Australian Retirement Trust, Cbus, Fidelity, HESTA, Jarden, Macquarie, Mercer, MLC, Munro Partners, Perpetual, QIC, Schroders, TCorp and Vinva.

More companies join diversity initiative for investment management industry

VFMC and CFA Societies Australia have partnered with Future IM/Pact.

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Last update: April 11, 2022

Posted: April 11, 2022

Jon Bragg

Jon Bragg

Jon Bragg is a reporter for Investor Daily from Momentum Media, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

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