Racial equity in the philanthropy and impact investing ecosystem
As we confront calls for racial justice in the aftermath of the killing of George Floyd and the disproportional impact of COVID-19 on Black and ethnic minority communities in the UK and US, the philanthropy and impact investment sectors are being asked to support catalytic change. Now more than ever, philanthropists and impact investors are being challenged to put vulnerable communities at the heart of their work. With many concerned about building an inclusive economy, the issues of race, access and inclusion should be addressed.
Philanthropists, social and impact investors, and their advisors will hear about innovations as well as about social change-makers. Research in the US has shown that Black and ethnic minority charities and social enterprises receive significantly less funding than mainstream organisations. Similar research does not yet exist in the UK, but recent surveys have shown that 9 out of 10 Black and ethnic minority led community organisations, under-funded and under-valued, are likely to close due to the Covid-19 crisis.
Panel members will examine how professional advisors to (U)HNWI and their clients can collaborate to build new systems and drive capital to help address the racial equity gap that is so adversely impacting vulnerable communities across the world — creating a resilient and inclusive ecosystem. The panel will explore racial bias in philanthropic giving and how to over come it, the pipeline issue, and building trust between funders and recipients.
Chair: George King IV, Partner, MASECO Private Wealth
Panel:Gavin Lewis, Managing Director, Blackrock Patricia Hamzahee, Director, Integriti Capital; Stephanie Brobbey, Senior Associate Private Client Lawyer, Goodman Derrick; Dama Sathianathan, Partner, Bethnal Green Ventures.
This event is supported by
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George King IV
George is a Partner at MASECO Private Wealth and a senior investment professional with 25 years of financial markets experience who advises high net worth families on their cross border financial needs.
For the first decade of his career, George was doing primary investment research as a Financial Analyst (CFA), spending most of that time as an Institutional Investor-ranked analyst at Credit Suisse First Boston in New York. Though responsible for a range of consumer industries, his notable coverage was the dynamic TMT (telecom, media and technology) sector. The second half of his career has been focused on working with high net worth investor clients, principally with AllianceBernstein (AB) and Royal Bank of Canada (RBC). Working in New York, Miami and London, George has experience advising a very broad range of investors around the world on investment strategy and portfolio construction, across all major asset classes and multiple currency regimes.
George has played a key role in helping to build wealth management businesses for both AB and RBC, across Florida and in London. He is a frequent speaker at industry conferences, writes for and is quoted in a range of publications, and makes regular appearances on TV and radio programs. Passionate about the critical importance of the intersection of wealth planning and investment management, he has earned a Certificate in Financial Services – Trusts and Estate Planning from the Society of Trust & Estate Practitioners (STEP). As an American expat in the UK, George has lived through the issues on which he now advises US clients residing in the UK and elsewhere outside the US.
Gavin Lewis is Managing Director at BlackRock. He is responsible for the strategic direction and growth of the UK Local Government Pension Scheme segment. Previous to this Gavin held several leadership roles at Vanguard Asset Management including Head of UK Institutional, Head of UK Retirement and Head of European Consultant Relations. Gavin has also held positions UBS Asset Management and Russell Investments.
Stephanie read law at Cardiff University and completed her professional studies at the College of Law in Bloomsbury, London. She undertook her training contract at Goodman Derrick LLP and qualified as a private client solicitor at the firm in September 2011. Stephanie advises a variety of domestic and international clients on a broad range of matters concerning their private wealth. She was named one of eprivateclient’s Top 35 Under 35 in 2018 and listed as a Rising Star in the tax and trust category of the Spear’s indices 2019. Stephanie is a passionate social impact activist and was named as a Young Achiever in the FN Extra Mile 2016. She has also served as a trustee of emerge, a national youth charity; and The Funding Network, a London based charity which hosts live crowdfunding events for not-for-profit organisations pursuing social change.
Dama Sathianathan is a partner at Bethnal Green Ventures (BGV), Europe’s leading early-stage tech for good VC, supporting ambitious founders using technology to tackle social and environmental challenges. Since 2012, BGV has invested in 127 ventures, of which more than 75 are still active and tackling 15 out of the 17 UN Sustainable Development Goals, raising over £80m in further funding. She is also Director at Chayn, a CIC building online resources for and with survivors of domestic abuse. She previously worked for international NGOs using digital and data for good and has a background in international relations and global development.
After some 20 years in investment banking and financial communications, Patricia now helps social enterprises attract private capital and advises companies on their responsible investment strategies. Through Extend Ventures, she is working to democratize and diversify access to funding for Black and ethnic minority businesses. She is a Trustee of Ballet Black, Chair of Friends of International House New York UK, the outgoing Chair of the Development Board of Black Cultural Archives, an Associate Director of The Finance Foundation, Senior Advisor to The Good Economy social value consultancy, a member of Women in Social Finance and a member of the BVCA’s Responsible Investment Advisory Committee from 2012-2019