TORONTO, JUNE 9, 2016 – Canada Pension Plan Investment Board (CPPIB) and Women in Capital Markets (WCM) are pleased to announce the inaugural cohort of female students has been awarded four-month summer internships at CPPIB through the WCM Internship Program established in November 2015.
The internship program is designed specifically for women in undergraduate programs who are curious about business, passionate about analytics and numbers, and interested in exploring and being mentored in the world of finance and investments. Successful candidates get the opportunity to learn business and technical skills, gain financial sector experience and collaborate with colleagues and industry experts as well as their own mentor.
Six women were selected from more than 260 applicants from across North America to participate in the program. During their internships students will gain experience in several groups at CPPIB, including Total Portfolio Management, Global Corporate Securities and Global Capital Markets. The WCM interns come from a number of different post-secondary institutions and are engaged in a variety of fields of study, including science, engineering, economics and commerce.
“Put simply, we are committed to advancing the role of women at CPPIB because it strengthens our competitiveness, globally,” said Mark Wiseman, President & CEO, CPPIB. “I welcome the first group of WCM interns to CPPIB and hope that this is the first stage of a long and rewarding career in finance and investments.”
“WCM is committed to building the pipeline of talent for the industry and we strongly believe reaching university-aged students and educating them about the rewarding career options in our industry is critical to achieving this goal,” said Jennifer Reynolds, President & CEO, WCM. “While we have seen an increase in the proportion of young women entering the capital markets, there is still a fundamental need to educate young women – and change perceptions – about our industry. Programs such as the WCM Internship Program will help advance these goals and we are grateful to CPPIB for their commitment to drive change.”
To learn more about CPPIB’s internship programs, students should visit www.cppib.com and click on Careers and then Campus. Information is also available at wcm.ca. Applications for the summer 2017 WCM Internship Program will be available in fall 2016.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 19 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At March 31, 2016, the CPP Fund totalled $278.9 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.
WCM is the largest network of professional women in the Canadian financial sector and the voice of advocacy for women in Canadian capital markets. WCM is committed to advancing women in business and increasing the number of women in senior leadership roles. We work with our partners, members and the broader public to promote initiatives that successfully increase the economic empowerment of women and move the dial on women’s representation and impact on boardrooms and executive suites of corporate Canada. For additional information, please visit us at WCM.ca and follow us on LinkedIn, Twitter and Facebook.