Vision - Mission
- Who was Robin
Vision of the Robin Cosgrove Prize
The Robin Cosgrove Prize promotes greater awareness among young people throughout the world of the benefits of ethics in finance. The vision of the Prize contributes to strengthening the foundations and good quality management of banking and finance based on trust and integrity, especially in emerging markets.
The competition for the Robin Cosgrove Prize invites young people, aged 35 years or younger, to submit written papers setting out innovative and creative ideas to promote ethics in finance and banking.
The
second edition of the Robin Cosgrove Prize was launched in June
2008. Final deadline for submission of entries
is March 31th, 2009 (00:00 – CET). The prizewinners
will be announced at a special ceremony to be held in December
2009. |
Mission
The mission of the Robin Cosgrove Prize is to stimulate innovative ideas for promoting ethics and intergrity in the finance sector. The Prize reaches out to young people familiar with the banking, finance and investment sectors, with special attention to emerging markets, to attract innovative ideas, proposals and projects which could be promoted to major players in the business community. The aim is to strengthen the sustainability of ethics in banking and finance and to reinforce its implementation, especially in emerging markets throughout the world.
Who was Robin
Robin Cosgrove was a bright young investment banker when he sadly died at age 31. Robin worked internationally, spending much of his professional life in Asia. He came to believe passionately that a major barrier to economic development was the lack of integrity and ethical practice in the banking and financial systems. He was also convinced that the banking community would be under increasing pressure to serve the common good as well as its own specific interests, and that the best way for sustainable profitability would be through stronger ethical practices. Had Robin lived, he intended to set up a foundation to promote ethical financing, targeted especially to young people in or coming from less-advantaged countries.
Following Robin’s untimely death in a hiking accident in the Alps, Robin’s family determined to make this dream a reality and set up the The Robin Cosgrove Prize with the cooperation of the Observatoire de la Finance, a Swiss not-for-profit foundation based in Geneva.