Morgan Stanley has announced that the Cancer Research UK team has won the sixth UK Strategy Challenge. The Morgan Stanley team working with Cancer Research UK developed an effective business model to help build and diversify its income streams.
The Morgan Stanley UK Strategy Challenge, facilitated by Pilotlight, pairs teams of top-performing Morgan Stanley professionals with non-profit organisations in London for eight weeks to provide pro bono strategic advice on issues affecting the charities such as geographic expansion, growth plans, and cost efficiency. The teams presented their final strategic programmes to judges at Morgan Stanley’s London headquarters. This year, the five charities were Action Aid, Cancer Research UK, Variety, Teenage Cancer Trust, Sue Ryder.
'“We are extremely proud of all the Morgan Stanley teams who demonstrated their commitment to this pro bono initiative,” said Clare Woodman, Head of EMEA at Morgan Stanley. “The Strategy Challenge leverages the diverse perspectives and business expertise of our employees to develop innovative solutions for charities so they can continue their vital work in creating tangible change in our local communities.”
Gillian Murray, CEO at Pilotlight, said: "Huge congratulations to everyone involved! The quality of work produced by the teams - the analysis, recommendations and implementation plans - can be transformational for the charities taking part. Pilotlight is proud to be part of this great initiative."
Dulcie Ireland, Senior Innovation Manager at Cancer Research UK said, “The Morgan Stanley team continuously impressed us with their dedication, commitment and passion for the challenge. They brought a fresh perspective and identified an exciting new area of work for Cancer Research UK. Throughout the challenge, the team never lost sight of the end goal: raising money to continue our life-saving research to beat cancer. Their work will help us achieve our vision of bringing forward the day when all cancers are cured.”
Since its inception, the UK Strategy Challenge has delivered over 20,000 hours of service to 29 charities.