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Rating:Fundster Bigwigs Push Hiring 100K Underserved NYers Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 12, 2020

Fundster Bigwigs Push Hiring 100K Underserved NYers

Reported by Neil Anderson, Managing Editor

Several fundster bigwigs are joining a new effort that aims to boost employment of New Yorkers who are low-income, Black, Latinx, and/or of Asian descent.

Roger W. Ferguson, Jr.
President and CEO
Larry Fink (CEO and chairman of BlackRock), Jamie Dimon (co-chair of the council and CEO and chairman of JPMorgan Chase, parent of J.P. Morgan Asset Management), Brian Duperreault (CEO of AIG), Roger Ferguson (president and CEO of TIAA, parent of Nuveen), Todd Gibbons (CEO of BNY Mellon, parent of BNY Mellon Investment Management), Charlie Scharf (CEO of Wells Fargo, parent of Wells Fargo Asset Management), and David Solomon (chairman and CEO of Goldman Sachs, parent of Goldman Sachs Asset Management) are among the 27 CEOs behind the freshly launched New York Jobs CEO Council. The idea behind the council is to get 100,000 "traditionally underserved New Yorkers" hired, and 25,000 City University of New York (CUNY) students into jobs and apprenticeships, by 2030. All 27 CEOs lead big New York City area employers. And for other asset manager chiefs looking to get involved, the council is looking to add more CEOs (even of companies of different sizes).

"We're committed to helping build a better, fairer society in New York and all the communities where we operate," Fink stated.

"Access to quality education and training for in-demand jobs is key to creating economic opportunity for youth and workers in New York," stated Gail Mellow, who will lead the new council as executive director. "Our mission is to ensure people in New York's most vulnerable communities can access the skills that they need to pursue promising career pathways and benefit from the city's economic recovery."

Andrew Cuomo (D), governor of New York State, stated that the council "will play an important role connecting underserved communities with career resources and access to new York's world-class educational institutions." Bill de Blasio (D), mayor of New York City, stated that the council will help "promote economic justice and provide opportunities for our City's diverse workforce." 

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