Marshall Wace is a global alternative asset management company with a philosophy of entrepreneurship and a history of innovation.
COVID-19 has, and continues to, impact on all levels of society, economy and institutions. We at Marshall Wace have always considered the support of the wider community as integral to our culture and this emergency has only increased this desire to help.
The relief efforts related to COVID-19 have become a significant part of Marshall Wace’s dedication to support the wider community.
What started with support to local charities and initiatives in Hong Kong evolved to a broader effort in the UK. This began with the offer of opening of Marshall Wace’s kitchen to cook 1,000 meals a day for the staff at Chelsea and Westminster Hospital (CWH). Within a short space of time, it became apparent that the need was much greater, and we set about expanding our capacity to solve this problem.
This developed into ‘MealForce’, a collaborative effort to provide over 40,000 meals per day, 7 days a week for NHS workers in hospitals across the country during the lockdown period. This sat under the umbrella of HelpForce. During this time, we were in close contact with Feed our Frontline, Feed NHS and Salute the NHS to ensure MealForce supported efficiently, and did not duplicate any other relief efforts in the same hospitals.
The goal was simple; to provide relief and nourishment to those NHS workers during those long shifts with nutritious and balanced meals for as long as was necessary. Similarly, in New York, we collaborated with the local community to provide hot meals to emergency workers at both Elmhurst Hospital in Queens and the Mount Sinai Hospital in Manhattan.
On PPE, what began with the creation of a group to buy a full airfreight load of masks from China evolved into the charity known as Mail Force. Mail Force was set up by a consortium of Marshall Wace, the Daily Mail and Salesforce, the US enterprise software company. The charity was formed to tackle the urgent shortage of PPE in the Covid-19 emergency in the UK.
Over the two month period of full lockdown in the UK, the Marshall Wace partnership made charitable contributions towards entities tackling the Covid pandemic of more than £5 million. We will continue to play a considerable role in many projects globally to help those in need.
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