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Plato Investment Management has awarded its first scholarship to a female undergraduate student in its partnership with the University of Technology Sydney, with an aim to bring diversity to the industry.

NAB’s profit is set to rise as newly-elected chair Philip Chronican’s has announced the roll out of its remediation process to shareholders, while former premier Mike Baird is likely to take the lead as new CEO according to Morningstar.

Plato Investment Management and Pinnacle Investment Management have teamed up with the University of Queensland to provide nine $5,000 scholarships and nine internships to female undergraduate students this year.

Financial stress is losing Australian businesses around $31.1 billion in revenue, with the finance and insurance industry being one of the most affected sectors, according to an AMP study.

Fidelity International and Yarra Capital Management have joined with Mercer-led Future IM/PACT, an employee value proposition and campaign aimed at attracting more diverse talent into investing.