Leaders from Thomson Reuters, Lloyds of London and AXA Insurance are joining professors from top business schools Warwick, Henley and Imperial College and the Financial Times, to discuss how to recruit new talent in order to change the culture in financial services in the City of London.
The Behavioural Finance Forum is hosting the debate on 3rd June 2015 at The Gherkin.
Post financial crash, it has been argued that a talented workforce must embrace ethical behaviour if the reputation of one of the world’s most important financial centres is to improve. Leaders insist this involves recruiting a workforce with the appropriate people skills and creating new models of training that put the customer first.
The FCA has commented that large fines are now having an impact but improving culture will take time.
Dean of Warwick Business School, Professor Mark Taylor, comments:
“In the light of the financial crash there is much more emphasis on what motivates a person – beyond naked ambition and the next bonus. It has to be a more of a holistic view on what they can contribute to society, and on what finance can contribute to society. It’s important to get people to have a sense of duty, a sense of honour when they are managing other people’s money. We really do have to think about ethics and social responsibility.”