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The Winners - Ethics in Finance Robin Cosgrove Prize 2011



The Ethics in Finance Robin Cosgrove Prize 2010-2011 has now 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The Prize makes awards for creative, unpublished papers setting out innovative ideas for promoting ethics in finance.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

The winners of  the Ibero-American Prize, sponsored by MAPFRE of Madrid, and now in its second edition is won by:

FIRST PRIZE: Solidarity finance and the democratisation of money. [7'000 USD] by Nicolás Meyer, a Social Psychologist and Director of “Nuestras Huellas” a not-for-profit organization in Argentina.

SECOND PRIZE EX-AEQUO between three papers: Ethics vs Finance? An analysis of the origins, problems and future perspectives of this relationship [3'000 USD] by Bruno Federico Fernandez, Economist - Central Office of Public Funds in the Ministry of Economy of Tucumán, Argentina, and

A critical view of the financial sector and the behaviour of people: What to do? [3'000 USD] by Carlos Eduardo Estapé Viana, a Public Accountant in Uruguay, and

Decision: The space between the code of ethics and ethical behaviour [3’000 USD] by Carmen Lucia Carmona Paredes, Mexican, working as a finance consultant in London.

The best 8 papers are published today in a special issue of FINANCE & THE COMMON GOOD/BIEN COMMUN [Geneva, 2011].

 

What difference winning the Prize made to me

Some comments from previous Prize winners

 

Clare Payne,  winner, 2007

Clare Payne works for Macquarie Bank in Sydney, Australia. Since winning the Prize, she has been promoted in Macquarie Bank asd is now Head of the Integrity Office,focusing on compliance issues. She sees the Prize as a major step in her career. Clare  has  published articles  via the St James Ethics Centre , which is one of the most well-known groups supporting "ethics good practice" in the world.
The first two articles are on the following topics:
-          Do banks do good things?
-          The ethics of down-sizing in the Banking and Finance Industry.

Clare was not able to be at the 2010 London launch due to the ash cloud, but she sent us this video.

 

Elise Pellerin, winner, 2009

Elise decided to participate in the competition for the Second Edition of the Robin Cosgrove Prize because she thought that it would be a fascinating intellectual challenge, and because she admired the jury’s members profiles.  Winning the Prize has meant a lot for her status as an Ethics Analyst at Ethea Gestion, a French investment management enterprise, specialising in "values based" investing.



Marie Crepin, winner 2009

Marie also works at  Ethiea Gestion in its commercial development, particularly concerning investment of funds from the religious congregations. Marie decided to participate in the Second Edition of the Robin Cosgrove Prize because she thought that the victory could have positive consequences for her company and would give her greater recognition in the new career area of "ethical investing".

 

Geoffrey K See, winner 2009

Concerning his victory at the Robin Cosgrove Prize, Geoffrey said “I chose to study how internationalization, institutions and individuals all contribute to a system of ethics as I believe that institutions and individuals are both important units of analysis in understanding why ethical finance fails. At the same time,  the international dimension of financial firms also redefines what is ethical, and I wanted to link it up with the intra-country analysis.”  For Geoffrey, winning the Prize has opened doors for new opportunities and enabled him to publish an article on ethical investing in the Journal of Business Ethics and to help set up  the Network for Sustainable Financial Management (http://www.sustainablefinancialmarkets.net/)



Meredith Benton,  second prize winner, 2009

Meredith commented “I was personally and professionally interested in how or why people
prioritize or lower their personal values or morals in the workplace. While I had never studies psychology, the Prize incentivized me to look into this topic in a more structured way.” She has completed her MBA at INSEAD and now seeks employment in fund management in London or New York.

Read more...

 
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