Future IM/Pact expands to help women start their careers

Victorian Funds Management Corporation (VFMC) and CFA Societies Australia have become the latest organisations to support Future IM/Pact as it moves to support women at the early stages of their career.

The new additions aimed to build a new early career program called Accelerate which would create a talent pool of women with two to five years’ experience in feeder roles such as investment banking, management consulting and corporate finance.

It followed four years of Future IM/Pact focusing on engaging female students at university.

Since launching in 2018, Future IM/Pact had provided over 370 women with experience working in investments through its virtual intern program, mentoring circles, investment competition and intern and graduate placements with partners.

Kate Galvin, chief executive of state-owned asset manager VFMC, said: “After years of targeted recruitment, we now have a breadth of great female talent not only in our investment and executive teams, but across our whole organisation.

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“Partnering with Future IM/Pact will help VFMC continue to grow our female talent pipeline and move even closer to our goal of being one of the first Australian fund managers to achieve gender balance,” she said.

CFA Societies Australia chief executive Lisa Carroll said partnering with Future IM/Pact would support their efforts to increase the number of women who undertake their Chartered Financial Analyst qualifications and thrive in finance roles.

“Supporting more women to launch their investing career is one way we can inspire more women to complete the sought after CFA designation and address the longstanding gender imbalance across the industry.

“Partnering with Future IM/Pact gives us a channel to both women at university and women in their early career who may not have considered this career path otherwise,” she said.