American Investment Council (AIC) and National Association of Investment Companies (NAIC) have partnered up to encourage more diversity in financial services and private equity.
They will collaborate on a wide range programmes and initiatives to help address the issues faced by women and diverse-owned firms and professionals in the financial services industry. As part of the agreement, AIC members will become an integral part of the advisory committee for NAIC’s Women in Alternative Investments Initiative (WIAI). This initiative aims to support and increase the number of women entering the private equity and hedge fund sectors, with a strong focus on women of colour.
Both associations will also collaborate on:
- Internship and mentorship programmes for women in alternative investments.
- Thought leadership content.
- Legislative and policy issues.
DIVERSITY IN PRIVATE EQUITY
“We’re excited about this new partnership and believe it will help increase diversity in the private equity industry. We know that having more people of colour and women at the leadership tables will strengthen our industry and help build better businesses across America. Along with our recent partnership with Diligent’s Modern Leadership Initiative, this is another step our associations are taking to improve the industry’s record,” AIC’s President and CEO stated Drew Maloney.
Adding to his statement, NAIC President and CEO Robert L Greene, commented: “We believe this framework will set the foundation for positive, transformational change in the private equity industry across this nation. There is a lot of work that needs to be done with regard to diversity and inclusion in financial services and our two organisations are well-equipped to move the needle in measurable ways.”
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