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In August 2020, Dawid Konoty-Ahulu, the founder of the Investment Consulting firm, Redington Limited, co-founded the 100 Black Interns initiative to address the chronic under-representation of Black talent in the UK Asset Management sector.   The initial plan was to encourage 100 investment management firms to offer internships to Black students across the UK to help kick start their career in investment management.  It was wildly successful, hence over 200 of the industry’s leading players are now participating as a way to source a more diverse group of talent for the long-term.  Internships will be paid and last a minimum of six weeks over the Summer of 2021.

When I read about the initiative, I immediately wanted Godliman to be involved, and so I contacted them through their web site to see if I could sign us up.   Unfortunately, since we are not an investment manager, we were unable to take part. But all was not lost..

The initiative kindled so much interest and momentum that Dawid and his co-founders (Jonathan Sorrell, President of Capstone Investment Advisors; Michael Barrington-Hibbert, founder of Barrington-Hibbert Associates, and Wol Kolade, Managing Partner of Livingbridge), decided to expand the initiative across a range of different sectors, in the 10,000 Black Interns initiative.    They have an impressive list of supporters and, so far, have signed up companies from about 20 sectors, including Finance and Accounting, Banking, Investment Management, Housing & Construction, Automotive, Educations, etc.

10,000 Black Interns has been designed to help transform the horizons and prospects of young Black people in the United Kingdom. The 10,000 Black Interns programme will offer paid work experience across a wide range of sectors, providing training and development opportunities and creating a sustainable cycle of mentorship and sponsorship for the Black community.

The internships will begin in Winter of 2021/2020 or Summer of 2022 in order to reach the ultimate goal of providing 10,000 internships to young Black people. I am very pleased that there is now a category for Executive Search and Recruitment, so Godliman can take part after all.

 

Author: Rupert Reed Last edited 5th January 2021

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