Formica and Pease team up to spearhead City jobs initiative

Henderson's chief executive Andrew Formica has teamed up with Nichola Pease and a range of asset managers to launch an initiative to get young people in the UK work experience - and potentially jobs - in the City.

The work experience programme - called Investment 2020 - is a move by the asset management industry to help tackle youth unemployment in the UK by providing year-long paid trainee positions at asset managers. The scheme has already in operation at Henderson for the last three years, but Formica has now teamed up with some of the largest firms in the UK's asset management space - including Cazenove, Schroders, Standard Life Investments, Aberdeen and M&G - in a move to roll out the scheme on a wider level. The aim of the scheme is to provide practical work experience to the candidates, ...