PIMCO has entered into partnership with a non-profit organisation Girls Who Invest dedicated to increasing the number of women in portfolio management and executive leadership in the asset management industry.
The main objective of the partnership would be to help build a talent pipeline of bright young women in the asset management industry.
Girls Who Invest aims to help female college students from diverse backgrounds learn core investment concepts through an educational program and offers internships at leading asset management firms.
Under the terms of the deal, PIMCO’s investment professionals would also speak at Girls Who Invest’s summer intensive programs, as well as hire six of the female scholars as interns in Newport Beach, New York and London.
PIMCO’s chief executive, Emmanual Roman said: “Girls Who Invest is taking a leading role in promoting gender diversity in the asset management industry and we are immensely proud to partner with them on this critical initiative.
“Their innovative program is helping to build a robust pipeline of female investment talent, creating a more diverse industry and ultimately leading to better outcomes for clients,” he said.
The organisation said that its aim was to see 30 per cent off the world’s investable capital managed by women by 2030.
In the first two years of operation, Girls Who Invest empowered 382 young women, sending a total of 90 undergraduates through their 10-week summer intensive program and another 292 through two additional online learning programs which launched last summer, it said.
