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IA puts diversity at the heart of its business by joining forces with careers provider Investment20/20

Monday 09 April 2018

Investment20/20 and the Investment Association (IA) have today announced that the two organisations are joining together to increase diversity by changing perceptions and raising awareness of careers within the investment management industry.

By combining their expertise and resources, the new partnership will consolidate and expand industry efforts to make the investment industry more accessible and attractive to those from different backgrounds and at all stages of the career path.

The move by Investment20/20 to join the IA comes as it celebrates its fifth anniversary in March. During this time, it has enabled over a 1,000 trainees to enter the industry through its links with over 3,000 schools, colleges and universities.

Investment20/20 will retain its own brand as part of the IA and focus on growing its successful trainee programme and grassroots engagement with school-leavers and graduates. This includes the development of a more targeted in-depth programme in schools and universities to encourage students with a wide range of skills and from all backgrounds to apply for jobs in the industry.

The combined organisations will also develop new projects that will improve returnship, enrich career entry into the sector at all stages, attract career change professionals, and prepare young professionals with essential leadership skills.

Commenting on the merger, Chris Cummings, CEO of the IA, said:
“We want to build on the excellent track record of Investment20/20 to date and ensure greater diversity is firmly at the heart of the investment industry. By joining forces, we can provide more firms access to Investment20/20’s services.’

‘A diverse workforce and a strong pipeline of talent are key to the success of any forward-looking industry, helping businesses to encourage innovation and new ideas. Our industry must also better reflect the customers it serves and that means raising awareness of careers within our sector and proactively growing an inclusive workforce.”

Karis Stander, Managing Director of Investment20/20 said:
“Joining forces with the IA gives us the reach and scale to get in front of tomorrow’s workforce. Our industry makes a significant contribution to society and provides tremendous opportunities so it is vital that we build a strong pool of talent for the future with young people from all backgrounds to reflect the rich and diverse makeup of the UK.”


Notes to the Editors:

  • Investement20/20 was created in 2013 and currently has 4 permanent staff and 3 consultants, which brings the current number of permanent employees at the IA from 70 to 74.
  • Karis Stander will remain MD of Investment20/20 and become a member of the IA ExCo.

For media enquiries:

Anisha Patel, Head of Communications: anisha.patel@theia.org
T +44 (0)20 7269 4635

Helen Ayres, Media Relations Manager: helen.ayres@theia.org
T +44 (0)20 7269 4696, M +44 7508 724066

About Investment20/20:
Investment20/20 promotes entry-level talent, diversity and inclusion within the investment industry. Investment20/20 has recruited and supported over 1,100 trainees and apprentices for its 35 partner firms from the investment and wealth management sector since it was founded five years ago by Andrew Formica, Joint-CEO Janus Henderson Investors and Nichola Pease, Former CEO of JO Hambro. One sixth of Investment20/20 partners have joined in the last 4 months alone.

Investment20/20’s aims are to ensure an increasingly wide range of students can access the knowledge they need to make an informed decision; to make opportunities easier to find and applications more straightforward; and to engender a positive perception of the industry amongst all the students in 3,400 schools, colleges and universities with which the programme communicates. Invetsement20/20 will also continue to provide valuable training and networking opportunities in London and Edinburgh to new recruits into the sector.

Key statistics about Invetsment20/20:

  • 74% of those recruited have been offered permanent roles after the programme
  • 88% of trainees have come from State Schools and 48% are school leavers
  • 41% are BAME and 38% are female.
  • Of the graduates, 52% are the first in their family to go to university, 57% studied non-finance-related subjects (e.g. maths, economics or finance).
For more details about Investment2020 visit: https://investment2020.org.uk/

About the Investment Association:

  • The IA champions UK asset management, supporting British savers, investors and businesses. Our 240 members manage £6.9 trillion of assets and employ 93,500 people across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for
  • the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.