Quilter Cheviot has launched a year-long investment management internship program for young people wanting a career in asset management.
The asset manager received more than 700 applications for the program and has enrolled four interns in the firm’s London office, as well as two interns in the Birmingham office.
A university degree was not a requirement for the programme, in line with Quilter Cheviot’s ambitions to increase diversity within the industry.
Instead, the trainees will study for their level three Chartered Institute for Securities and Investment exam over the course of the year, as they move between different parts of the business.
The interns work throughout the year in specific areas of the business, including in teams such as research, investment risk, responsible investing, marketing, operations, front office and sales and distribution.
Quilter Cheviot said the aim is to create employment for the next generation of asset management talent, “by providing industry expertise, support, guidance and a deep experience of working within the investment management sector”.
Andrew McGlone, CEO of Quilter Cheviot, who joined the financial services industry as an intern almost three decades ago, said the internship program will “provide committed and talented individuals from all backgrounds with the opportunity to break into the asset management industry.”
“Our goal is to help develop the skills, knowledge and connections the next generation needs to succeed in this field; and to bring new perspectives and diversity of thoughts and ideas to our company,” he added.