Despite 30 years of investment in Diversity and Inclusion, the diversity of the investment management industry’s intake had not changed. The murder of George Floyd and the ensuing Black Lives Matter (BLM) protests prompted 10 UK-based leaders of global investment firms to come together to respond to this lack of diversity.
The Diversity Project, led by Redington, sought to find better ways to connect the investment management industry with the young black talent and their communities they wanted to recruit from. The firms that participated on this programme were Aon, Fidelity International, Invesco, LCP, Lincoln Pensions, Mercer, Morgan Stanley, Redington, St James’s Place and Wellington.
A programme was designed and delivered over a three-and-a-half-week period during the first national lockdown due to the pandemic. The industry challenge, designed with the lead CEO of one of the firms, involved an assessment and comparison of the recruitment strategies of all 10 firms, against each other and the industry as a whole.