10,000 Black Interns: It is about culture rather than diversity

‘Crawling before they could walk’

The asset management industry is lagging its peers in relation to diversity, equity and inclusion, with a recent survey showing it was the only financial services sector to see a decline in these areas year-on-year.

Michael Barrington-Hibbert, co-founder of 10,000 Black Interns and CEO of Barrington Hibbert Associates, spoke to Investment Week about how this can be changed for the better and how it is about tackling culture rather than simply hitting diversity targets. 10,000 Black Interns is a non-profit organisation founded in 2020, placing black students and graduates into paid internships across a range of industries. Participating firms include abrdn, Goldman Sachs, Redington, PGIM and Janus Henderson, to name a few. It is targeting 10,000 placements for candidates within the next five years...