Since the global financial crisis our sector has experienced a period of unprecedented change. While the various issues of good - and bad - culture in banking have been the focus of much attention, there has been less visibility of the work undertaken in investment management. There is much we can learn from the sell-side and banking culture, however investment management firms operate differently; having different driver, motivations and needs that should be addressed from a sector-centric standpoint.
The Investment Association’s inaugural Culture Forum will provide you with an overview of the major themes that will shape the discussion about culture in our industry over the years to come. Topics for discussion will include a range of critical current and future issues around culture; perspectives on how to assess both internal culture and external influencers; and key indicators to measure a healthy culture.
With the recent suspension of a fixed income investment director for reasons of due diligence failings and violation of inducement rules, questions are being raised (again) about the conduct and behaviour in the asset and investment management industry.
With the tithening of risk and compliance rules across the business you would think that these high profile cases would no longer surface. So is this an isolated case (individual or company) or is the risk and control framework as set through regulation for the industry still not effective ?