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Fidelity International Launches Returner Programme

Editorial Staff, 9 March 2021

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Encouraging experienced people to re-start careers after a break is important to ensure that their knowledge and accomplishments are put to good use. Firms are in a battle to ensure more diversity and range of expertise.

Fidelity International  has launched a programme in Asia-Pacific to encourage experienced professionals to return to its ranks after taking an extended career break, such as in the case of women who have left for family reasons.

The Returner Programme concentrates on individuals with a background in equity research, multi-asset, fixed income investing, product development or sustainable investing. This initiative comes on the back of a successful run in the UK, where Fidelity has hired more than 20 returners into mid-senior level roles in investment management over the course of four years, with an average seven-year career gap among the returners.

Applications for the programme are open in Australia, mainland China, Hong Kong, Japan and Singapore for candidates with a career break of 18 months or more. Returners will be offered a professionally paid placement of six months, with the “strong possibility” of a permanent position at the end. 

Encouraging experienced people to re-start careers after a break is important to ensure that their knowledge and accomplishments are put to good use. Firms are in a battle to ensure more diversity and range of expertise.

“The Returner Programme is a great opportunity for us to reach a talented and skilled group of professionals who might be facing hurdles to re-join the workforce. This programme ensures we are being deliberate about hiring returners and that we have structures in place to support them and set them up for success at Fidelity,” Paras Anand, chief investment officer, Asia Pacific, at Fidelity International, said.

“At Fidelity, we have set a clear target in strengthening our workplace – by 2024, we aim to have 45 per cent of our board members to be women and 35 per cent of global senior management roles to be held by women (currently at 31.5 per cent). Initiatives like this one, will support our overall targets,” Anand said.

Each returner will receive virtual coaching support from women returners; Fidelity will partner returners with a professional mentor and others to support their professional development and build an internal network.

The announcement coincided with International Women's Day yesterday, an annual event often used to highlight issues such as workplace rights and general conditions for women. This news service has written about women's issues within the wealth management sector, as seen here and here

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