A group of 80 asset management firms, including Goldman Sachs Asset Management and LGIM, have committed to offering at least one paid internship to a Black candidate next summer in a bid to address the chronic underrepresentation of Black talent in the City.

The initiative, dubbed #100blackinterns, comes as the City grapples with its lacklustre record on ethnic diversity following the Black Lives Matter protests sparked by the killing of George Floyd at the hands of police officers in the US in May.