CFA Institute is expanding its recruitment for young women in France, Spain, and the UK, after the success of its programme in South America and Asia.
The Young Women in Investment Program selects women who are in their final year of graduation, or who have already graduated, and offers a training course to give an insight into the investment management industry.
Sarah Maynard, ASIP, global head, external diversity, equity and inclusion at CFA Institute said the success of the programme has been “transformative for the young women who take part”.
The CFA programme includes an online class over a four-week period, introducing the core functions of the finance industry, followed by an internship across three to six months with a financial institution.
Financial institutions such as Axa Investment Managers, BlackRock, BNY Mellon, Credit Suisse, Itaú Investment Services, Deutsche Bank and others are supporting the programme.
Frédéric Clément, global head of human resources at AXA Investment Managers, said it was important for companies to embrace greater diversity.
He added: “Attracting women into investment roles and retaining them in the asset management industry is key. We are proud to support CFA Institute in their critical efforts to bring greater diversity to the investment management industry.
“As the programme expands, we look forward to working together to encourage women to not only join the finance industry but support them as they start their professional journey.”
The programme started in India in 2018 with aims to enable women to have a long-term career in investment management. Following the growth of the first rollout, CFA then launched operations in Brazil, accessed virtually, due to the pandemic crisis.
The programme is part of a larger agenda by the CFA as it seeks to improve outcomes made by investors through encouraging diversity in ethnicity and gender in the investment management industry.
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