Investment Management Industry Joins Young Person's Guarantee in Scotland
Investment20/20, the talent service for UK-based investment managers, has been announced as the latest partner to join the Young Person’s Guarantee, connecting young people in Scotland to career opportunities in investment management.
Investment20/20 is an industry initiative to help drive young diverse talent into investment management, providing access and opportunity. It currently has 12 investment management firms as part of its membership in Scotland including abrdn, Artemis, BNP Paribas Securities Services and M&G. Investment20/20 employer partners provide young people with paid trainee opportunities, with M&G having recently released its roles.
Outside of London, Edinburgh is the second largest hub of investment management in the UK with total assets managed in Scotland reaching £690 billion in 2021 (an increase of £100 billion from the previous year).
Karis Stander, Managing Director of Investment20/20, said: “We are thrilled to be a Young Person’s Guarantee signatory, helping to provide an entry point to the investment management industry for young people in Scotland. Investment20/20 brings diverse new talent from schools, colleges and universities to new opportunities within our member firms, providing relevant training, networking opportunities and jobs to ensure they have the best support as they start their journey into work.
“We also look forward to working collaboratively with Scottish Government and Scottish Financial Enterprise in their broader efforts to ensure young people are appropriately skilled to meet future job requirements across different sectors, including financial services.”
Jamie Hepburn MSP, Minister for Higher Education and Further Education, Youth Employment and Training said: “Investment20/20’s focus on providing training, networking and access to high quality jobs is helping to unearth untapped talent and their involvement in the Young Person's Guarantee demonstrates their commitment to support our young people.
“The investment management industry plays a crucial role in Scotland’s strategically important financial services ecosystem.”
Investment managers provide patient capital and take a long-term view when investing in businesses and infrastructure projects and with nearly three quarters of UK households using the service of an investment manager – largely through their pension savings – the industry plays a pivotal role in the UK economy and society as a whole. In 2021, investment managers invested £1.7 trillion in the UK economy, owned nearly 40% of the UK plc and invested £40 billion in UK infrastructure.
For further information, please contact:
Katie Martin, Head of Communications: [email protected]
Navdeep Sidhu, Corporate Affairs Manager: [email protected]
IA press office: [email protected]
T: 020 7269 4696
About the Investment Association (IA):
- The IA champions UK investment management, supporting British savers, investors and businesses. Our 270 members manage £9.4 trillion of assets and the investment management industry supports 114,000 jobs across the UK.
- Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
- Our purpose is to ensure investment managers are in the best possible position to:
- Build people’s resilience to financial adversity
- Help people achieve their financial aspirations
- Enable people to maintain a decent standard of living as they grow older
- Contribute to economic growth through the efficient allocation of capital.
- The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
- The UK is the second largest investment management centre in the world, after the US and manages over a third (37%) of all assets managed in Europe.
