MetLife Investment Management is partnering with Girls Who Invest, the non-profit organization formed to get more female leaders into money management.
Through the partnership, the money manager, which had $659.6 billion in assets under management as of Dec. 31, will offer three Girls Who Invest scholars an opportunity to join the firm's internship program this summer.
Two scholars based in Whippany, N.J., and one based in Philadelphia, will focus on portfolio management, research analysis and trading via placement with private capital, real estate and public fixed-income teams, said Beth Moreau, director, fixed income, in an email.
Ms. Moreau said the manager's internal Women's Investment Network has sponsored various women's groups in the past.
"Our internal Women's Investment Network identified the organization as one that we felt aligned well with our values and approach to expanding diversity within the industry," said Ms. Moreau, a member of the network. "As such, we had multiple conversations with the organization ahead of committing to the sponsorship."
"Similar to the other GWI partner firms, we will join in GWI's mission of creating a diverse pipeline of talented young women in the asset management industry," Ms. Moreau said. "We look forward to working with GWI to also participate in their mentorship program and speaking engagements in the future."
GWI scholars cover 50 distinct undergraduate majors and the young women who participated in 2020's summer program represent 60 public and private colleges. Since its founding, more than 800 scholars have participated in GWI's summer and online intensive programs.
More information on Girls Who Invest is available on the organization's website.