Why is there the Robin Cosgrove Prize?
Robin loved life as a young investment banker in Tokyo and London.He was passionate about success and about his integrity. He believed that banks and the finance sector in general bring benefits to people and to commerce.
He travelled widely throughout the world. His experiences convinced him that the finance sector should serve the common good as well as making profits. He was concerned that complicated financial products would blur ethical and practical considerations.
For him, trust was the essence of good banking. But he feared that many young finance professionals were losing touch with the fundamentals. He set his life goal to promote better understanding of the critical importance of trust, ethics and personal and corporate integrity.
Sadly, at much too young an age, he lost his life in an accident on Mont Blanc.
The Prize, with its core focus on Ethics in Finance, is a small step to encourage young people to commit to Robin’s ideals. Go to the homepage to get more informaton about Robin Coscrove
Information about the articles in this collection:
The Ethics in Finance Robin Cosgrove Prize 2010-2011 has been awarded. The ceremony took place in Geneva on 10th November 2011 –Robin’s birthday.
The Prize makes awards for creative, unpublished papers setting out innovative ideas for promoting ethics in finance. By encouraging young professionals to examine their attitudes, ideas and behaviour, the Prize has achieved a truly global presence and is a remarkable instrument for promoting sustainable measures for ethics in all aspects of finance.
The winners of the Global Prize, now in its third edition, are:
FIRST PRIZE: Ethics: A Diet For Highly Leveraged Financial Markets [10'000 USD] by Jakub Kuriata, Polish, and working as a Credit Risk Analyst at BNP Paribas, London;
SECOND PRIZE: The Reconciliation of Finance and Ethics: Integrating the Interior and Exterior Dimensions of Reality [5'000 USD] by Faly Ranaivoson, Madagascan, a Research Consultant in Geneva, and
THIRD PRIZE EX-AEQUO to two papers: Financial Derivatives and Responsibility – How to Deal Ethically with Financial Risk [2'500 USD] by Simone Heinemann, a German PhD student, and
Ethics vs. Finance? An analysis of the origins, problems and future perspectives of this relationship [2’500 USD] by Bruno Federico Fernandez, Economist - Central Office of Public Funds in the Ministry of Economy of Tucumán, Argentina