Allstate Investments, LGIM America, William Blair removes barriers and establishes diverse jobs pipeline with new Asset Management Diversity Accelerator (AMDA) program
To purposefully increase diversity, remove barriers, and establish a new pipeline of talent in the asset management industry, Allstate Investments, LGIM America, and William Blair Investment Management created the Asset Management Diversity Accelerator (AMDA), a two-year rotational development program for diverse and under-represented job seekers.
AMDA gives recruits deep industry experience, helps build their professional networks, and pays a competitive salary with benefits. The cohort will spend two years as junior research associates, rotating through each of the three Chicago-based firms every eight months. In their roles, participants will offer fresh perspective as they learn and work directly within the firms’ buy-side equity, fixed income research teams and portfolio managers.
Recruiting is underway, focusing on students expected to graduate from Historically Black Colleges and Universities in December 2022 or May 2023. AMDA is also expanding the applicant pool by emphasizing opportunities with majors typically outside of the asset management industry. Participants will be informed of their selection in December of this year and will begin employment in June 2023.
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Leaders from the partner firms shared the following perspective on the value the AMDA program will bring to candidates and the industry alike: –
John Dugenske, CFA, President, Investments and Financial Products, Allstate Investments:
“Inclusive diversity and equity have long been core values of Allstate that represent who we are and how we conduct ourselves as employees, leaders, decision-makers, and members of society. Building upon our long-standing relationship with Historically Black Colleges and Universities, the AMDA program will further attract diverse talent to our employment and entrepreneur career opportunities. We are committed to elevating diverse voices in investment roles at Allstate and industry-wide.”
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Aaron Meder, CFA, Chief Executive Officer, LGIM America:
“Addressing our industry’s biggest challenges, while delivering our business for future generations, will take new ideas, innovation, phenomenal teamwork, and relentless focus. Success can only be achieved if we’re respectfully and inclusively collaborating, while continually embracing diversity of thought and experience. By partnering in the AMDA program, LGIM America is proud to deliver world-class asset management experience to people of historically underrepresented backgrounds, while continuing our commitment to deliver exceptional client service.”
Stephanie Braming, CFA, Partner and Global Head of Investment Management, William Blair:
“The power of diverse teams can’t be overstated. Human capital is our industry’s biggest asset, with our research analysts specifically playing a critical role in the development of comprehensive investment strategies for our clients. That’s why we need the best and the brightest talent to join us. And the best and the brightest span many different backgrounds with many different lived experiences that influence their professional acumen.”
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