BlackRock, Federated Hermes and State Street are among asset managers representing more than $17trn global assets under management to have joined Black Women in Asset Management (BWAM).
Formed in 2019, the non-profit organisation aims to improve representation in the investment industry, which has less than 1% Black asset managers in the UK.
BWAM chair and co-founder Jacqueline Taiwo said the new support from the industry will help the organisation bring in new resources, and offer more career development, networking and visibility opportunities for Black women in asset management.
“We also look forward to expanding our existing outreach initiatives to encourage more young Black women to pursue careers in investment,” she said.
Justine Anderson, EMEA chief operating officer at BlackRock, added: “Empowering young Black women in the early stages of their careers is essential for advancing and retaining Black women leaders, whose positive impact within our workforce drives improved outcomes for our clients, our shareholders and all our stakeholders.”
Other new members include Helios Investment Partners, J.P. Morgan Asset Management, M&G, Maniyar Capital and Morningstar.
