Media release: The BFO and RBA Governor Lowe announce 2021 cohort of future leaders

Thursday 3 June, 2021
by The Banking and Finance Oath

The Banking and Finance Oath (The BFO) is proud to introduce the 2021 cohort of Young Ambassadors – a Program encouraging and supporting students, graduates and young people to adopt a strong ethical foundation as they begin their careers in the banking and finance industry.

As a strong supporter of the BFO, RBA Governor Philip Lowe has announced the 2021 cohort, acknowledging the importance of trust, integrity and ethics in fostering a positive culture within the industry.

The BFO 2021 Young Ambassadors
Pictured L-R: Tseku Erdenebileg, Ben Robinson, Aoife Donnelly, Felix Ryan, Governor Phlilip Lowe, Cameron Howlett, Emma Roberts, Allen Chen, Iqra Bhatia. Young Ambassadors based in Melbourne and unable to attend due to Covid-19 restrictions: Nancy Loomba, Rongxin Huang and Jack Thompson. 

"The ethical foundation of the industry is strengthened by the incoming generation’s commitment to serving the public and it is inspiring to see the growing engagement from young people with The BFO.  The banking and finance industry has provided support for our community over unprecedented times and continues to build that trust. 

“The BFO is an opportunity for individuals to make a commitment to integrity and to be willing to be held accountable. An industry that wants to continue to be a trustworthy service to society needs individuals who will self-reflect and be accountable for their actions and The BFO is encouraging our future leaders to aspire to this” said Governor Lowe.

Recognising young people as the future leaders of the industry, Governor Lowe congratulated the 11 successful participants who demonstrated a strong commitment to ethics in banking and finance:

  • Iqra Bhatia, CBA
  • Allen Chen, Westpac
  • Aoife Donnelly, MetLife Australia
  • Tseku Erdenebileg, Bank of Queensland/ Student at Western Sydeny Uni
  • Cameron Howlett, Westpac
  • Rongxin Huang, NAB
  • Nancy Loomba, NAB
  • Emma Roberts, Australian Prudential Regulator Authority
  • Ben Robinson, Deloitte
  • Felix Ryan, ANZ
  • Jack Thompson, Bank Australia

Head of The BFO, Cris Parker said, “In these unprecedented times, the banking and finance industry is playing a vital role in supporting the Australian community through hardship. Our industry may change after the COVID-19 pandemic is tamed but that is difficult to know. What we do know, though, is that our Young Ambassadors have the leadership qualities to help influence positive change and set an example of honesty and integrity for their peers.”    

Recognising the Young Ambassador Program can reach only a limited amount of young people within tertiary institutions, The BFO is working with universities across Australia to introduce the Oath and ethics more broadly to young people in their banking and finance degrees. The aim of this collaboration is to support young people going in to financial services to lead with their values, and work with their organisations to strengthen the ethical foundation of the industry.

Find out more about the Program and the 2021 Young Ambassadors.

Introducing The BFO to graduates at financial institutions across Australia

The project delivered by the 2020 Young Ambassadors saw the group produce a short video to be introduced to graduates across Australia as they embark on their careers in financial services, raising awareness of The BFO and ethical decision making. The group interviewed a number of senior industry leaders to get their take on what The BFO means to them and how they keep ethics at the forefront.

Watch the video

BACKGROUND

The Banking and Finance Oath is an initiative founded by industry leaders and part of The Ethics Centre. The Oath contains a set of commitments that individuals can adopt and apply as personal principles in their work.

More info: thebfo.org


THE BANKING AND FINANCE 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.

-ENDS-

MEDIA ENQUIRIES

Please direct all enquiries to:
Jodi O'Callaghan
Mobile: 0415459899


 [JO1]Needs to be updated

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.