Fund managers launch initiative to tackle 'chronic' black underrepresentation

#100blackinterns drive to boost opportunities

Leading fund managers have come together to back a new initiative designed to address the "chronic underrepresentation" of black talent across UK financial institutions.

The scheme, #100blackinterns, seeks to give "meaningful opportunities" to young, university-educated black people who are trying to break into the City, with roles in "critically important" teams that make decisions "worth billions of pounds". 'My name didn't match my face': JPMAM's Lambert on being colour brave, unmasking microaggressions and talking about black According to a 2018 study by New Financial, there are only 12 black portfolio managers in the entire UK investment management industry, and #100blackinterns is premised on the idea that providing 100 paid internships to young...