Sydney, 26 November 2018: Fidelity International and Yarra Capital Management are the latest fund managers to join the Mercer-led Future IM/Pact - an employee value proposition and campaign aimed at attracting more diverse talent into investing roles, with an initial focus on women.
The new partners join AustralianSuper, Cbus Super, HESTA, Magellan, NAB Asset Management, Pendal, QIC, Wavestone and Nikko Asset Management, with a shared interest in creating opportunities for women to experience how they can solve complex problems and positively impact the world as an investor.
Anita Costa, Portfolio Manager at Fidelity International, said Fidelity International joined Future IM/Pact because it wanted to help to increase the number of young women applying for investment roles which still remains low compared to men.
“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. Future IM/Pact allows us to spread this message at scale,” she said.
Katie Hudson, Portfolio Manager and Head of Australian Equities Research at Yarra Capital Management, said she was excited about the opportunity to mentor young women seeking a career in investment management.
“Investing offers so much to the intellectually curious and professionally ambitious. Every day is different and you are constantly learning. I’m thrilled to be able to share what I’ve learned and look forward to helping mentor young women through the Future IM/Pact program,” Ms Hudson said.
Mercer’s Learning & Inclusion Practice Leader, Yolanda Beattie, said in its first few months since launching in August, Future IM/Pact was succeeding in its mission to engage young women.
“We’ve seen strong interest from women as well as people from diverse backgrounds in the content and opportunities we’re sharing including for the intern programs run by our partners and advertised on our platforms,” she said.
“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. 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 will 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 great female talent.
For further comments please contact Yolanda Beattie, Learning and Inclusion Practice Leader via email or telephone: firstname.lastname@example.org | +61 424 186 534
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Mercer’s more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With more than 65,000 colleagues and annual revenue over $14 billion, through its market-leading companies including Marsh, Guy Carpenter and Oliver Wyman, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit www.mercer.com.au.