PUTTING INVESTORS FIRST MONTH MAY 2014
See how CFA Institute member societies around the world worked together to share the importance of putting investor interests first.
PUTTING INVESTORS FIRST MONTH
Putting Investors First Month was observed in May 2014 and united financial professionals throughout the world in a commitment to place investor interests above all others. In this pilot year, activities took place in 58 cities throughout the world, and CFA Institute member societies plan to build on this momentum in coming years. Putting Investors First Month is part of the CFA Institute Future of Finance initiative, a global effort to shape a trustworthy, forward-thinking financial industry that better serves society. The goal of Putting Investors First Month is to build awareness of the duty to protect investor interests and ensure that all investment professionals understand that their role is, first and foremost, to serve and protect investors. CFA societies and members around the world made a significant effort in May 2014 to inspire the industry to ensure that investors’ rights to information, fair and honest advice, and accurate assessment of risk and reward is at the core of client service, but there is still much work to be done to reshape the financial industry to return to its core purpose of serving investors and the greater good of society.
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PARTICIPATION: 58 societies, which represent nearly 60,000 CFA Institute members 90,719 unique visitors to the Future of Finance website during the month of May MORE THAN 55 PIECES OF MEDIA COVERAGE IN SUCH OUTLETS AS: Akhbar Al-Khaleej (Bahrain) Al Khaleej (United Arab Emirates) Al-Qabas (Kuwait) Al Watan (Oman) Australian Financial Review Bloomberg Businessweek (United States) Bloomberg Television (Turkey) Ceska Televize (Czech Republic) Classic Business (South Africa) CNBC Africa (South Africa) Dunya (Turkey) Financial Adviser (United Kingdom) Financial Standard (Australia) Funds Society (Mexico) Huffington Post (United States) InvestorDaily (Australia) KonutHaberleri (Turkey) MarketWatch (United States) Professional Planner (Australia) Reuters (United States) Yahoo! Finance (United States)
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Impact around the World While activities across societies were varied, most had a goal to increase awareness in their local financial community of what CFA Institute stands for and, through this increased visibility, to increase member value. Participation was high across regions, with the 58 participating societies collaborating on various activities. In this pilot year, 41% of all societies were involved in some way (43% of societies in the Americas; 36% of societies in Europe, the Middle East, and Africa; and 41% of the societies in the Asia Pacific region), with many doing more than one type of activity.
Table of Contents
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STOCK EXCHANGE ACTIVITIES
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AWARENESS ACTIVITIES
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GOVERNMENT PROCLAMATIONS
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OUTREACH EVENTS
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SPECIAL EVENTS FOR MEMBERS
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INCORPORATING INTO EXISTING EVENTS
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Stock Exchange Openings/Closings Many societies partnered with local stock exchanges to open or close the market while sharing the message of putting investors first. NETHERLANDS CFA Society Netherlands sounded the opening gong at the Euronext exchange on 26 May 2014 to celebrate Putting Investors First Month and the 15th anniversary of CFA Society Netherlands.
NEW YORK The New York Society of Security Analysts and CFA Institute rang the closing bell at the New York Stock Exchange to kick off Putting Investors First Month on 1 May 2014. The Buffalo and Rochester societies also collaborated on Putting Investors First efforts.
TORONTO CFA Society Toronto opened the market of the Toronto Stock Exchange on 12 May 2014 before its local celebration of Putting Investors First Month.
NIGERIA CFA Society Nigeria performed the symbolic ringing of the market closing bell for the Nigerian Stock Exchange. The aim was to remind investment professionals and firms of their fiduciary role and to subscribe to a higher level of standards in their dealings. The core target audience was the investing public, asset management firms, investment management firms, merchant banks, and pension fund administrators.
PHILIPPINES In addition to hosting the Retail Investment Conference (see page 13), CFA Society Philippines also rang the closing bell at the stock exchange on 27 May 2014 in support of Putting Investors First Month.
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ROMANIA Together with the Bucharest Stock Exchange, CFA Society Romania organized a Putting Investors First event on 22 May 2014. The society participated in the opening of the trading session that day, which was followed by a panel discussion on investors’ rights and ethics culture.
SOUTH AFRICA CFA Society South Africa held a symbolic opening of the market at the Johannesburg Stock Exchange in Sandton on 20 May 2014 to demonstrate its commitment to enabling the South African investment industry to place investor interests above all others.
UNITED KINGDOM CFA UK opened trading at the London Stock Exchange on 28 May 2014 to recognize Putting Investors First Month.
Awareness Activities Some societies focused their efforts on building awareness through press releases, advertising, and online messaging. AUSTRALIA In Australia, societies held a media campaign that included a press release calling on firms to adopt the Asset Manager Code of Professional Conduct. It also related the Putting Investors First activities to the Best Interest Duty and the Future of Financial Advice (FOFA) reforms in Australia. The campaign also highlighted the Statement of Investor Rights, the “Restricting Sales Inducements” paper, and other CFA Institute educational products.
CLEVELAND As a means of outreach and advocacy to promote investors’ rights, CFA Society Cleveland selected WTAM 1100 to air commercials during the morning commute. Ads also streamed over iHeartRadio. A large portion of WTAM’s
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audience owns stocks, bonds, and mutual funds and has retirement accounts. The society also updated its website with two additional pages including the Statement of Investor Rights and investor learning tools.
DETROIT AND WEST MICHIGAN Michigan’s Putting Investors First campaign press release was issued via PR Newswire, and reports show that the release appeared on 285 online media sites, including Yahoo! Finance, MarketWatch, and Reuters, as well as on Michigan television station websites, including WNEM in Saginaw, CBS-9 in Cadillac, WJRT in Flint, and WLNS in Lansing. The societies launched a website, investorsfirstmichigan.org, where visitors can endorse the Statement of Investor Rights.
WISCONSIN (MADISON AND MILWAUKEE) These Wisconsin societies had an online presence with an investorfocused website designed to provide resources to individual investors and highlight the Statement of Investor Rights.
PHILIPPINES The “Financial Fitness Run” was the kick-off event for CFA Society Philippines’ Putting Investors First efforts. The society decided to include the fun run in the program because over the past decade, running as part of a healthier lifestyle has become a well-entrenched activity in the Philippines. It’s a sport, a lifestyle, and a hobby that cuts across all socio-economic and cultural borders. The society aimed to capitalize on the popularity of this sport in order to generate a broad-based heightened level of awareness for investor rights.
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Government Proclamations Many societies in the United States were successful in getting local government officials to grant official Putting Investors First day, week, or month proclamations. ATLANTA The Atlanta Society of Finance and Investment Professionals worked with Governor Nathan Deal’s Office to declare 19 May 2014 Putting Investors First Day in Georgia. This was an initiative to draw attention to the CFA Institute Statement of Investor Rights and to commemorate the importance of investment professionals putting their clients, the investors, first.
BUFFALO CFA Society Buffalo worked with New York State Senator Mike Ranzenhofer, who declared 30 May 2014 Investors First Day in the 61st Senatorial District in New York state. Through the proclamation, Senator Ranzenhofer reminded residents that the investment industry is critical to the state of New York, which contains the financial capital of the world, and that investors are the foundation of a sound, strong, growing economy. He also noted that such qualities as trust, ethical practices, fair treatment, safety, and security are paramount to the investment process.
COLORADO CFA Society Colorado worked with Governor John Hickenlooper to proclaim 16 May 2014 as Putting Investors First Day in Colorado. Governor Hickenlooper noted that the investment industry is an important employer across the state of Colorado and sought to remind residents that ethical practices, trust, and fair treatment are paramount to the investment profession and that financial professionals should be placing the interests of investors above their own.
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MICHIGAN (DETROIT AND WEST MICHIGAN) CFA Societies Detroit and West Michigan worked with Governor Rick Snyder to declare 12–18 May 2014 Putting Investors First Week in Michigan. Through the proclamation, Governor Snyder urged financial professionals across Michigan to unite in a commitment to putting investors first. He highlighted the goal of the campaign to empower investors to demand ethical conduct from their financial services providers and encourage financial professionals to uphold their fiduciary duty.
HAWAII CFA Society Hawaii worked with Governor Neil Abercrombie and Lt. Governor Shan Tsutsui, who declared 14 May 2014 Putting Investors First Day in Hawaii. The Governor and Lt. Governor asked all citizens of Hawaii to join them in recognizing the importance of investment professionals for soundly managing public and private assets and celebrating the efforts of CFA Society Hawaii to promote the highest ethical standards for investment professionals.
LOS ANGELES CFA Society Los Angeles worked with Councilmember, Second District, Paul Krekorian, to declare 16 May 2014 Putting Investors First Day in Los Angeles. Mr. Krekorian noted how CFA Society Los Angeles continues to work to improve the quality of financial decision making throughout the city by developing its members’ ability to provide valuable leadership for their clients and their firms.
FLORIDA (MIAMI, NAPLES, JACKSONVILLE, SOUTH FLORIDA, ORLANDO, AND TAMPA BAY) The CFA societies across Florida worked with Governor Rick Scott, who proclaimed May 2014 as Putting Investors First Month. Governor Scott noted that investors are vital to a strong, sound, growing Florida economy and that the investment industry is an important employer across the state. He also noted how important it is that all citizens of Florida know their rights when engaging the services of financial professionals and organizations.
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MINNESOTA CFA Society Minnesota worked with Governor Mark Dayton, who declared 6 June 2014 Investors First Day in Minnesota, citing how appropriate it is to set apart a day each year for the direction of our thoughts to investors and their important role in our economy. Governor Dayton also reminded residents that trust, ethical practices, fair treatment, safety and security are paramount to the investment process.
ST. LOUIS CFA Society St. Louis worked with Governor Jay Nixon, who declared 21 May 2014 Putting Investors First Day in St. Louis. Governor Nixon recognized the worldwide effort to protect investor interests and urged residents to commit to investor rights in St. Louis.
WASHINGTON (SEATTLE AND SPOKANE) The CFA societies in Washington worked with Governor Jay Inslee, who proclaimed 16 May 2014 as Investors First Day in the state of Washington. Governor Inslee noted that the investment profession is an important employer across the state of Washington and that trust, ethical practices, and fair treatment are paramount to the investment profession.
Outreach Events Many societies took the opportunity to reach out to the broader financial community, with events focused on reaching individual investors or partnership events with influential organizations.
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AUSTRALIA The Australian societies collaborated in the Thomson Reuters Regulatory Summit, a full-day program focused on major challenges facing the financial services industry in relation to the ever-changing regulatory landscape, with specific reference to enterprise-wide governance, risk, and compliance. Panels addressed the future of regulation in Australia, why risk culture matters, assessing whether an operating model creates or manages risk, staying ahead of cybercrime, and identifying and reducing market manipulation risks.
BOSTON The Boston Security Analysts Society financial literacy volunteers participated in the Money Conference, organized by the Office of Massachusetts State Treasury and the Massachusetts Financial Literacy Trust Fund. The conference covered the basics of investing and included a question and answer session. Attendees were engaged and asked many good questions, and even after the program, a long line of people waited to ask questions of the speakers.
CZECH REPUBLIC CFA Society Czech Republic held a discussion panel on retail investor protection, with an emphasis on putting investors first. The panel consisted of professionals from AKAT, CNB, PSE, CSOB Asset Management, and ING Investment Management and focused on some of the unfair and fraudulent practices used by some financial services providers and intermediaries in dealing with retail investors.
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GREECE CFA Society Greece hosted an investor protection event featuring the Chairman of the Capital Markets Board. The Chairman of the Turkish Capital Markets Association (TCMA) and the Chairman of the Turkish Association of Institutional Investment Managers (TKYD) moderated panels on investor protection practices.
INDIA The Indian Association of Investment Professionals hosted a seminar with the Indian Merchants’ Chamber’s Capital Market Committee in an effort to help educate both investors and intermediaries. The seminar featured Paul Smith, CFA, Managing Director, Asia Pacific, CFA Institute, and Navneet Munot, CFA, Chief Investment Officer, SBI Mutual Fund, and focused on how investors can get better investment advice.
INDIANAPOLIS AND CHICAGO CFA Societies Indianapolis and Chicago incorporated the putting investors first theme into their Chicago Federal Reserve’s Smart Money Week events, featuring the Indiana Securities Commissioner, the Indiana Secretary of State, and an Investor Education Coordinator for the Indiana Secretary of State.
ISTANBUL In Turkey, society leaders contributed to the strategy and action plan for the Istanbul International Financial Center to improve local financial markets. Additionally, with the second of its Future of Finance conferences, CFA Society Istanbul hosted the event Putting Investors First, which was sponsored by the Turkish Capital Markets Association and Turkish Institutional Investors Association. Opening speeches were made by the Chairman of the Capital Markets Board, Vahdettin Ertas, and by Borsa Istanbul Chairman Ibrahim Turhan. A panel focused on investor protection practices.
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PAKISTAN CFA Society Pakistan collaborated with the Lahore School of Economics (LSE) on its annual Business Research Conference, which provided a specialized forum for dissemination of qualitative and quantitative research, with the aim of bridging the gap between academics and business practices. Additionally, members hosted webcasts and workshops in Lahore, Islamabad, and Karachi, including an event in partnership with Karachi Stock Exchange (KSE) to present the Statement of Investor Rights. The Managing Director of the KSE sent a letter of appreciation and support for the initiative and has assured the society of continuous support of it going forward.
PHILIPPINES Over 600 people attended the Retail Investment Conference hosted by CFA Society Philippines, where the central bank governor, Amando Tetangco, Jr., opened the conference and delivered a comprehensive speech on the outlook of the economy. Other speakers included the president of the stock exchange, the deputy insurance commissioner, and the deputy central bank governor. Charles Yang, CFA, of the CFA Institute Board of Governors, delivered the closing address.
ROMANIA Together with the Bucharest Stock Exchange, CFA Society Romania hosted an event entitled Putting Investors First, which included an opening of the stock exchange and a panel discussion focused on reinforcing the message of protecting investor rights.
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SLOVENIA (EMERGING SOCIETY) In Slovenia, a “Protection of Investors in Slovenia” event was hosted, featuring a lecture by the Executive Director of the Securities Market Agency. Future of Finance documents were translated into Slovenian and distributed to attendees.
WEST MICHIGAN CFA Society West Michigan hosted a putting investors first lunch featuring Paul Traub, Business Economist, Federal Reserve Bank of Chicago. Mr. Traub provided an economic update of both the United States and Michigan. The Statement of Investor Rights was also introduced at the event. Additionally, the society met with Congressman Bill Huizenga, a Michigan crowdfunding expert who serves on the House Financial Services Committee and is Vice Chairman of the Monetary Policy and Trade Subcommittee, and Tom Coke, a former state securities regulator and an expert on Michigan’s new crowdfunding legislation. Congressman Huizenga complimented the society on its efforts to include not only investment professionals but also the investing public and those working in insurance, mortgages, and real estate.
Special Events for Members Many societies planned special events for their members. ATLANTA The Atlanta Society of Finance and Investment Professionals celebrated Putting Investors First Day in Georgia with its “Putting Investors First—The Future of Finance” event. The event featured John Sours, Administrator of the Governor’s Office of Consumer Protection, who spoke on consumer protection in Georgia, and Tom Robinson, PhD, CFA, Managing Director, Americas, CFA Institute, who spoke about the Future of Finance initiative and the role investment professionals can play.
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BELGIUM CFA Society Belgium hosted the event “Are Asset Managers Always Putting Their Investors First?” where Robert Jenkins, FSIP, Adjunct Professor of Finance at London Business School and a member of the CFA Institute Board of Governors, discussed how he sees the asset management world evolving in terms of investor education. This keynote speech was followed by a panel discussion, where Wim Aurousseau, Chief Investment Officer of AXA Belgium, and Wim Vermeir, Chief Investment Officer of AG Insurance and Head of Investments at Ageas, gave a Belgian perspective on the topic.
EMIRATES CFA Society Emirates used Putting Investors First Month as a platform to engage its members through an online competition. The society invited all members to submit a story on how they have made a difference with an investor. Entries were judged on the basis of both qualitative and quantitative impacts.
FINLAND CFA Society Finland hosted a Future of Finance seminar featuring the following speakers: Ashvin Vibhakar, PhD, CFA, Senior Advisor and Executive Sponsor, Future of Finance, CFA Institute, who spoke on the Future of Finance initiative; Jarmo Parkkonen, Head of the Market Supervision Department, Financial Supervisory Authority, who spoke on the “Regulation Tsunami in the Sphere of Securities Markets”; and Timo Löyttyniemi, Managing Director, the State Pension Fund, who spoke on the future of pensions.
HOUSTON CFA Society Houston hosted a wealth management workshop entitled “Estate Planning Needs of High Net Worth Individuals: The Inside Story Every Investment Advisor Should Know,” which was followed by an attorney panel discussion. The putting investors first theme was integrated throughout the workshop.
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JACKSONVILLE/ORLANDO/TAMPA BAY CFA Societies Jacksonville, Orlando, and Tampa Bay each held “The Future of Finance: Fiduciary Capitalism” events where John Rogers, CFA, of CFA Institute, spoke about putting investors first in your community. He addressed how the changing balance of power, direct access to capital markets, and technology are causing a shift from financial to fiduciary capitalism.
LOS ANGELES CFA Society Los Angeles hosted the event “The Madoff inside Each of Us,” where Scott Wiltermuth, Professor at USC Marshall School of Business, discussed the situational factors that tempt us to behave in ways that others might consider unethical. He covered the latest research in behavioral ethics with a focus on factors that may influence finance and investment professionals’ likelihood to behave unethically.
MELBOURNE/PERTH/SYDNEY/NEW ZEALAND CFA Societies Melbourne, Perth, Sydney, and New Zealand collaborated on Investors First Week, which included a media campaign (see page 6) and also featured a series of seminars with Michael Woodford, former President and CEO of the Olympus Corporation, who talked about the importance of governance and ethical principles.
MEXICO CFA Society Mexico and Instituto Tecnológico Autonomo de México (ITAM) hosted a Future of Finance Conference, featuring Ashvin Vibhakar, PhD, CFA, Senior Advisor and Executive Sponsor, Future of Finance, CFA Institute, who spoke on the future of finance and putting investors first, with particular emphasis on pension funds, safeguarding the financial system, and regulation and enforcement.
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NETHERLANDS In conjunction with the Amsterdam Institute of Finance, CFA Society Netherlands hosted a dinner and symposium entitled “The Future of Finance—Shaping a Trustworthy and Forward-Thinking Financial Industry” to celebrate the society’s 15th anniversary and to introduce the Dutch translated version of the Statement of Investor Rights. The symposium speakers included George Möller of the Netherlands Authority for the Financial Markets (AFM) and Raghu Rau of Cambridge Judge Business School, who focused on solutions to issues of industry effectiveness and adaptability.
NEW YORK The Market Integrity Committee of the New York Society of Security Analysts hosted a conference that posed the question “What is the Future of Finance?” Speakers included Charley Ellis, CFA, author of What It Takes; Bob Dannhauser, CFA, Head of Global Capital Markets Policy, CFA Institute; Greg Dienna, CFA, Wealth Manager, Manchester Capital Management; and Robert Jenkins, FSIP, Adjunct Professor of Finance at London Business School and a member of the CFA Institute Board of Governors. The event was followed by the closing of the New York Stock Exchange later that day (see page 5).
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NORTH CAROLINA CFA Society North Carolina hosted an event where Tom Robinson, PhD, CFA, Managing Director, Americas, CFA Institute, addressed how the changing balance of power, direct access to capital markets, and technology are causing a shift from financial to fiduciary capitalism. He touched on the broad implications for the global economy and our local communities and emphasized that this is the time for industry groups to work in partnership to reinvent a sustainable and forward-looking future for the financial services industry and the finance profession.
NORWAY CFA Society Norway hosted an event entitled “What Will the Future of Finance Be in Norway?” Speakers included Kate Lander, CFA, Head, Education, Europe, Middle East, and Africa, CFA Institute; Professor Richard Priestley, Head, Department of Finance, Norwegian Business School; Tom Fearnley, Investment Director, Norwegian Ministry of Finance; and Lars Jacob Braarud, Vice President, Listing, Oslo Stock Exchange.
PHILADELPHIA CFA Society Philadelphia hosted the event “CFA Institute Ethics Discussion,” where Michael McMillan, CFA, Director, Institutional Partnerships, CFA Institute, spoke about the ethical importance of putting investors first.
SALT LAKE CITY CFA Society Salt Lake City hosted a putting investors first luncheon that highlighted some of the resources available to help investment professionals put a renewed focus on protecting the interests of their clients. Several examples were shared of local groups that are making changes to their organizations out of the desire to put investor interests first, including an effort currently underway by the School Children’s Trust. Several CFA Society Salt Lake City members who have been influential in the process of restructuring the fund’s governance shared the reasons for restructuring the oversight of the fund and highlighted the new processes being adopted.
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Incorporating into Existing Member Events During this pilot year, many societies had already planned events during May that had themes consistent with the Putting Investors First initiative, and they used the message to enhance these events. BARBADOS At its annual Members’ Dinner, CFA Society Barbados showed a Future of Finance video and distributed Future of Finance literature.
CHICAGO CFA Society Chicago incorporated putting investors first as an underlying principle behind its 2014 Annual Conference, “Adapting Investment Strategies to a Changing World.” The conference covered how recent changes in the global investment landscape should shape strategic and tactical investment decisions.
DALLAS/FORT WORTH AND HOUSTON CFA Societies Dallas/Fort Worth and Houston collaborated to host events called “Finding Simplicity in a World of Dangerous Markets and Overwhelming Choice,” featuring speaker Brian Portnoy, PhD, CFA, who discussed one unified method for making sense of all funds, ranging from basic mutual funds to esoteric hedge funds.
MONTREAL CFA Society Montreal held a private wealth seminar with a focus on the putting investors first theme. Sessions included a focus on the private client side of the wealth management business in Canada, current tax issues of interest to private bankers, and the reasons why goals-based strategic asset allocation is perceived as a superior approach to traditional alternatives.
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NASHVILLE CFA Society Nashville hosted Phillip Fulmer, former University of Tennessee head football coach and current partner with BPV Capital Management in Knoxville, Tennessee, who spoke about leadership in sports and business. CFA Institute Director of Americas Engagement Lynn Mentzer highlighted the leadership CFA Institute and its member societies are providing in the investment community.
RUSSIA At the CFA Association Russia Forecast Dinner, leading economists and investment experts—both practitioners and academicians—shared their forecasts and opinions on the current Russian economic situation. Nitin Mehta, CFA, Managing Director, Europe, Middle East, and Africa, CFA Institute, spoke about the Future of Finance initiative and Putting Investors First Month.
SAN FRANCISCO CFA Society San Francisco branded all its May events with the putting investors first message. One event included a fixed-income panel featuring four industry experts and an event focused on ethics featuring Tom Robinson, PhD, CFA, Managing Director, Americas, CFA Institute.
TORONTO CFA Toronto hosted its Annual Wealth Conference, entitled “Future of Finance—A Private Client Perspective,” which addressed the current environment, best practices, and tools to provide better advice and service to clients. Speakers included Harold Evensky of Texas Tech University and CFA Institute Board Member Roger Urwin of Towers Watson.
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VANCOUVER CFA Society Vancouver hosted a Wealth Management Conference featuring keynote speaker Terrance Odean from UC Berkeley. With a focus on putting investors first, the conference addressed the issues and challenges facing investors and was designed to appeal to both financial industry professionals and individual investors.
VICTORIA In partnership with the Capital Investment Network, CFA Society Victoria hosted the event “Investors First Evening Launch Party: Following the Crowd—Keeping Up with the Buzz around Crowdfunding, Where Is It Going and What Are the Benefits and Risks to Investors?” The event explained crowdfunding and noted some of the limitations and opportunities in North America. Speakers included Alixe Cormick, an advisory member for the National Crowdfunding Association of Canada; Sarah Corrigall-Brown, Senior Legal Counsel in Capital Markets Regulation for the BC Securities Commission; and Daryl Hatton, Founder and CEO of Vancouver-based FundRazr, one of the top 10 crowdfunding brands.
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List of Participating Societies AMERICAS Atlanta Barbados Boston Buffalo Chicago Cleveland Colorado Dallas/Fort Worth Detroit Hawaii Houston Indianapolis Jacksonville Los Angeles Madison Mexico Miami Milwaukee Minnesota Montreal Naples Nashville New York
North Carolina Orlando Philadelphia Salt Lake City San Francisco Seattle South Florida Spokane St. Louis Tampa Bay Toronto Vancouver Victoria West Michigan
ASIA PACIFIC India Melbourne New Zealand Pakistan Perth Philippines Sydney
EUROPE, MIDDLE EAST, AND AFRICA Belgium Czech Republic Emirates Finland Greece Istanbul Netherlands Nigeria Norway Romania Russia Slovenia (emerging society) South Africa United Kingdom
The Future of Finance initiative is a long-term global effort to shape a trustworthy, forward-thinking financial industry that better serves society. It provides the tools to motivate and empower the world of finance to promote fairness, improved understanding, and personal integrity. Its success is driven by ongoing input from an advisory council of prominent global leaders and others in the financial community. We invite you to learn more about current and upcoming Future of Finance initiatives, impact stories, and ways you can get involved.
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