Meghan Markle and Prince Harry have been keeping themselves busy since their move to the US, with lucrative Netflix and Spotify deals, the birth of their daughter Lilibet, jaw-dropping tell-all interviews, and the launching of the Archewell Foundation. And now, the pair have even made their foray into the banking world - ethically, of course.
This week the Duke and Duchess of Sussex announced that they have become ‘impact partners’ at Ethic, an ethical investment firm based in New York, after being introduced to the company through friends.
What is Ethic?
Ethic is a New York fintech asset manager that invests money into companies with social and environmentally ethically progressive goals. The company was co-founded by Australians Doug Scott and Johnny Mair, who decided to launch Ethic in 2015 after previously working for firms such as Deutsche Bank, JP Morgan and Goldman Sachs.
Brit Jay Lipman, who established the company, described this ‘social responsibility criteria’ as including goals from racial justice to workplace standards and efforts against climate change.
The Sussexes will help Ethic ‘reach many millions around the globe’
In an exclusive interview with the New York Times, Meghan spoke about the couple’s latest move as ‘impact partners’, stating: ‘From the world I come from, you don’t talk about investing, right? You don’t have the luxury to invest. That sounds so fancy.’
My husband has been saying for years, ‘Gosh, don’t you wish there was a place where, if your values were aligned like this, you could put your money to that same sort of thing?
Harry added that he hopes the couple’s new role within Ethic will help democratise investing and encourage people to make conscious decisions about where they place their money.
You already have the younger generation voting with their dollars and their pounds, you know, all over the world when it comes to brands they select and choose from.
The move into investment banking is just the latest for Harry and Meghan. After parting ways with their roles as royals, the couple have recorded a documentary series about mental health with Oprah Winfrey, advocated for COVID vaccine equity and are now working on a memoir.