Dialogue is essential if funds and pools are to make a positive change in terms of inclusion and diversity within investment management, senior members of the LGPS Central executive team told a recent conference audience.
Data from the pool shows that LGPS Central’s 70-strong workforce has a 60/40 split of the sexes, that 43% is BAME (Black, Asian and minority ethnic) and that 15 different cultures are represented.
Chief executive Mike Weston said: “We are proud of the broad range of individuals that deliver day in, day out for the company and our partner funds, and I believe a diverse workforce, supported by an inclusive culture is a direct contributor to long term performance.
“I feel many shy away from talking about diversity and inclusion due to the fear of offending. But, we will only improve the position within the investment industry by having open, honest dialogue and celebrating best practice.”
The LGPS Central presentation looked at the many challenges that face the investment industry in seeking to develop high achieving, diverse workforces.
It looked at the progress LGPS Central has made since its inception and how it intends to build on this in the coming years.
LGPS Central is an active supporter of a number of industry initiatives designed to improve awareness and diversity within investment. They include: Diversity Project Charity; Asset Owner Diversity Charter; 30% Club – Growth Through Diversity; and ENEI (Employers Network for Equality and Inclusion).
Currently recruiting for its third graduate cohort, the Wolverhampton-based pool has seen a range of diversity represented in the initial applications, indicating its strategy is attracting talent from across the region.