Given that Delaware is a coastal state and at risk of flooding as climate change progresses, state Treasurer Colleen C. Davis said she and her team are “very concerned about environmental issues.”
On the DEI front, Ms. Davis said that it’s important that money managers create hiring pipelines for young people and candidates with diverse backgrounds that they can recruit from later.
The treasurer’s office also offers internships to familiarize younger workers with jobs in investment management and finance. Ms. Davis noted that finance is Delaware’s second-largest industry after agriculture.
Ms. Davis’ office in Dover manages a total of $4.8 billion, of which $1.6 billion is managed in a deferred compensation plan.
The investment team at International Paper Co., which is headquartered in Memphis, Tenn., managed the company’s $12 billion defined benefit plan and its $7 billion defined contribution plan remotely throughout the COVID-19 pandemic, said Diana Winalski, New Canaan, Conn.-based director of 401(k) product management.
“We did move a lot of money to managers we only met through Zoom calls. We were able to meet with higher-level executives via Zoom than we normally do,” Ms. Winalski said.
She said working conditions at International Paper will evolve going forward and “newer people in our group will need support and guidance” going forward.
The Smithsonian’s Ms. Chen said, “Zoom is a very efficient way to make decisions. Everyone has the same square. Everyone is equal.”
Zoom has been “very helpful” during the pandemic, she said, but added that “it’s good to be together” in person.