PIMFA
13 October 2023
PIMFA celebrates winners of its third Diversity & Inclusion Awards
PIMFA, the trade association for wealth management, investment services and the investment and financial advice industry, toasted the inspiring stories and initiatives from across the advice and wealth management industry last night as it held its Diversity & Inclusion (D&I) Awards.
Attended by 300 people from across industry, the 2023 PIMFA D&I awards, held at the Intercontinental Park Lane Hotel in central London last night (12 October 2023), received a huge number of superb entries highlighting D&I initiatives that demonstrated excellence and good practice.
The awards were created in 2021 by PIMFA to shine a light on the excellent, often untold, stories that exist across organisations and among individuals in the wealth management and advice industry, and to use these examples to inspire others to continue to strive and innovate to ensure the profession better reflects the clients it serves and can create a diverse and inclusive organisation and industry.
The winners in each category were chosen by an independent group of industry peers alongside experts in diversity and inclusion from charities that PIMFA partner with which included Roopalee Dave, Partner at EY; Peter Moores, Chief Executive of Raymond James; Matt Cameron, Global Managing Director at LGBT Great; Bev Shah, Chief Executive & Founder, City Hive; Jennifer Mathias, Group Chief Finance Officer at Rathbones; Sean Taylor, Director at Canaccord Genuity Wealth Management and Richard Wilson, Chief Executive Officer at abrdn Personal Wealth & interactive investor among others.
This year’s winners in each awards category were:
- Inclusive Talent Management Award
Winner: LGT Wealth Management
- Best D&I Initiative Award (1-50 Employees)
Winner: The Verve Foundation
- Best D&I Initiative Award (51-350 Employees) – sponsored by Royal London
Winner: 7IM
- Best D&I Initiative Award (351+ Employees) – sponsored by SEI
Highly Commended: Legal and General Investment Management
Winner: Lloyds Banking Group
- Best Industry Partner Award
Highly commended: Women Returners
Winner: EY Foundation
- Rising Talent Award – Sponsored by Raymond James
Winner: Nalini Solanki, Legal and General Investment Management
- Best Approach to Wellbeing Award – sponsored by Charles Schwab
Winner: FIS
- The Overall DE&I Champion Award – sponsored by Morningstar
Highly commended: David Coombs, Rathbones
Winner: Fiona Wallace, HSBC
- The DE&I Executive Sponsor Award – sponsored by Clearstream
Winner: Phoebe Stone, LGT Wealth Management
- Best Organisational Outreach Initiative Award – sponsored by FIS
Highly commended: Future Frontiers
Winner: LGT Wealth Management
This year’s event was held in partnership with Morningstar, SEI Investment Europe, Raymond James, FIS, Royal London, Charles Schwab, Clearstream and media partners MA Financial Media, publishers of Portfolio Adviser, ESG Clarity and International Adviser.
Liz Field, chief executive of PIMFA, commented: “I am delighted, as ever, to congratulate both the winners and highly commended from this year’s Diversity & Inclusion Awards but also all those who entered the awards this year.
“The business, moral and social case for diversity and inclusion has not dimmed, nor shall it for some time to come, and the firms and individuals that entered this year’s awards are all excellent examples of how our members recognise the talents of individuals from all backgrounds and ensure that all people feel involved, valued, respected, treated fairly, and embedded within the cultures of the organisations they work for.
“As an industry we know we still have much work to do but as in the last two years it is heartening to see just how much effort is going into making our industry as diverse and inclusive as it can be.
“At last year’s awards PIMFA announced the launched of our Talent, Inclusion, Diversity & Equity (TIDE) project and we are continuing to work in this area to support out members and the wider industry encourage diverse new talent into our crucial profession.
“As the voice of our industry, PIMFA will continue to make D&I a priority and look to collaborate across the sector to provide resources, support and co-ordination of efforts in the years to come.”
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NOTES TO EDITORS
About PIMFA – the Personal Investment Management & Financial Advice Association
- PIMFA is the trade association for firms that provide wealth management, investment services and the investment and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
- The sector currently looks after £1.65 trillion in private savings and investments and employs over 63,000 people.
- PIMFA represents both full and associate member firms. Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families to charities and pension funds, all the way to trusts and companies. Associate members provide professional services to the PIMFA community.
- PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena. Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
- PIMFA has made numerous recommendations to the FCA regarding the Future of Advice, the Future of Supervision and the FSCS levy – read more.
- PIMFA was created in 2017 as the outcome of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA) with a history as a trade association since 1991 – read more.
- Find out more about PIMFA’s Diversity and Inclusion work – read more
- Further information can be found at pimfa.co.uk
Contact
For further information on this release or other press matters please contact:
Matthew West, PIMFA PR Manager – MatthewW@pimfa.co.uk, +44 (0)20 7382 0376 / +44 (0) 7843 903258
Sheena Gillett, PIMFA Communications & PR Director – sheenag@pimfa.co.uk, +44 (0)20 7011 9869
