Natixis Investment Managers Announces First Recipients of the Global Minority Advancement Scholarship
- Two Boston-based high school graduates – Jawahir Mohamed and Marvin Baez – have been selected for the US-based program
- Selection process for European recipients is under way with partner organizations in London and Paris
BOSTON–(BUSINESS WIRE)–Natixis Investment Managers (Natixis) is pleased to announce the first recipients of a global scholarship and development program focused on expanding the pipeline of diverse candidates within the financial services industry. Two high school graduates will receive up to $10,000 annually toward college tuition and expenses, along with internship opportunities and mentoring at Natixis. The Boston-based scholarships are the first awarded under Natixis’ global scholarship program, which is part of a broader strategic initiative to promote diversity at the firm and within the financial services industry.
“The asset management industry has acknowledged that more needs to be done to expand the racial and ethnic composition of our collective workforce,” said Tracey Flaherty, Global Head of Corporate Social Responsibility and Public Affairs. “The Natixis scholarship program provides an opportunity for Natixis to attract – and develop – a talent pool that can help support the future growth of a diverse candidate pipeline.”
Jawahir Mohamed and Marvin Baez, 2021 graduates of the Boston Latin Academy, have been named winners of the inaugural Natixis Investment Managers Global Minority Advancement Scholarships. Mohamed plans to attend Harvard in the fall, majoring in psychology, and Baez plans to major in business administration and management at UMass Lowell. Internships will be available at Natixis in order for both to experience the business environment and gain knowledge of the investment industry.
“We want to inspire talented youth from underrepresented groups to pursue careers in financial services, and to help ensure they receive the academic training and internship experience needed to succeed,” said David Giunta, CEO of Natixis Investment Managers in the US. “We applaud Jawahir and Marvin for all of the hard work and dedication that has brought them this far, and we are excited to be a part of their bright futures – as well as the futures of many scholars to come.”
Launched in 2020, the Natixis Investment Managers Global Minority Advancement scholarship program is part of the firm’s long-standing commitment to support its local communities and supports its broader efforts to increase diversity in the financial services industry. The US program was designed in partnership with Bottom Line, a Boston-based nonprofit organization that assists first-generation students from underprivileged backgrounds in their pursuit of higher education studies and career development in business and related fields. Similar programs will be implemented in the UK and France.
The scholarship and mentoring program complements the addition this year of two charter high schools to Natixis’ philanthropic partner program, Academy of the Pacific Rim in Boston and Life Learning Academy in San Francisco. Combined with Natixis’ long-standing program at the John Winthrop Elementary School in Boston, Natixis’ support now spans nearly the entire path of education.
Natixis has a strong culture of giving back to the communities where its associates live and work. The firm’s unique philanthropic model provides direct support to its nonprofit partners and offers meaningful engagement opportunities for associates. Natixis’ collaborative philanthropic model has been embraced by employees and has been recognized in the community and the industry. For nine consecutive years, the annual Boston Business Journal ranking has recognized Natixis associates as the Most Generous Employees in Massachusetts. Natixis is also a fixture on Boston Business Journal‘s list of the Largest Corporate Charitable Contributors in Massachusetts.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with more than $1.3 trillion assets under management2 (€1,152.8 billion).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners;Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various U.S. registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
1 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
2 Assets under management (“AUM”) as of March 31, 2021 is $1,354.8 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers. Excluding H2O Asset Management.
3 A brand of DNCA Finance.
4 A wholly-owned subsidiary of Natixis Wealth Management.
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Contacts
Press:
Natixis Investment Managers
Crystal Sullivan
Tel: 617-372-4683
Crystal.Sullivan@natixis.com