The ethics of loyalty... what would you do?

Thursday 14 November, 2019
by Simon Watson
You are a fixed income portfolio manager who works as part of a close, high performing team that invests the assets of large institutional clients.

You are a fixed income portfolio manager who works as part of a close, high performing team that invests the assets of large institutional clients.

The members of your team tell you – in confidence – that they plan to resign from the organisation to start their own investment management business. They invite you to join them, but you decline. You know their actions will have an impact on clients but probably only temporarily. You suspect the MD has an inkling that something is going on and you may be asked what you know...

Best interest duties, loyalty, confidentiality and integrity are the values being tested.

What would you do? 

We challenge you to create a healthy discussion with your colleagues and post a comment below. You could even encourage them to consider taking The Banking and Finance Oath!

Please share your ethical dilemmas with us - we can post them anonymously. You can email your dilemmas to dilemma@thebfo.org


Photo by chuttersnap on Unsplash

 

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The Oath

  • Trust is the foundation of my profession.
  • I will serve all interests in good faith.
  • I will compete with honour.
  • I will pursue my ends with ethical restraint.
  • I will help create a sustainable future.
  • I will help create a more just society.
  • I will speak out against wrongdoing and support others who do the same.
  • I will accept responsibility for my actions.

In these and all other matters;
My word is my bond.

The Vision

A banking and finance industry that meets the community’s needs and has its full confidence thereby fulfilling its integral role in society.