Leading indian asset manager joins global list of firms that pledge ethical behavior
CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials has added SBI Funds Management Private Limited to a growing roster of investment firms around the world that voluntarily comply to the CFA Institute Asset Manager Code of Professional Conduct (the Code).
The Code provides a universal framework for asset managers to assess the quality of their business policies, practice and conduct, covering all key aspects of an investment management business. It sets a credible global industry standard for investment best practice and ethical conduct.
Dinesh Kumar Khara, Managing Director and CEO of SBI Funds Management Private Limited, said, “As one of India's leading mutual fund investment companies, we strive to be a leader in responsible investment and stewardship. By complying with the Asset Manager Code, we are showing a clear commitment to maintaining the highest ethical standards as a steward of our clients' assets and in our day-to-day business conduct to ensure that client interests are at the heart of our firm's investment approach.”
“We are entering a new era in the asset management industry in Asia. As emerging markets like India successfully develop their financial sector, ethics-based culture and best practices become increasingly important for sustainable growth and for national wealth creation. As a set of universal standards, the Code enables international investors to reliably compare Indian asset managers with their peers in other markets and thus simplify investment decision making and raise their confidence in investing in India,” said Paul Smith, CFA, president and CEO of CFA Institute. “We are delighted that SBI Funds Management has adopted the Code. As a leading firm in India, it is sending a strong signal to the local asset management industry.”
The Code is based on six pillars: namely, that managers must act in a professional and ethical manner at all times; act for the benefit of clients; act with independence and objectivity; act with skill, competence, and diligence; communicate with clients in a timely and accurate manner; and uphold the applicable rules governing capital markets.
Globally, more than 1,000 firms voluntarily comply with the Code.
CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials has added SBI Funds Management Private Limited to a growing roster of investment firms around the world that voluntarily comply to the CFA Institute Asset Manager Code of Professional Conduct (the Code).
The Code provides a universal framework for asset managers to assess the quality of their business policies, practice and conduct, covering all key aspects of an investment management business. It sets a credible global industry standard for investment best practice and ethical conduct.
Dinesh Kumar Khara, Managing Director and CEO of SBI Funds Management Private Limited, said, “As one of India's leading mutual fund investment companies, we strive to be a leader in responsible investment and stewardship. By complying with the Asset Manager Code, we are showing a clear commitment to maintaining the highest ethical standards as a steward of our clients' assets and in our day-to-day business conduct to ensure that client interests are at the heart of our firm's investment approach.”
“We are entering a new era in the asset management industry in Asia. As emerging markets like India successfully develop their financial sector, ethics-based culture and best practices become increasingly important for sustainable growth and for national wealth creation. As a set of universal standards, the Code enables international investors to reliably compare Indian asset managers with their peers in other markets and thus simplify investment decision making and raise their confidence in investing in India,” said Paul Smith, CFA, president and CEO of CFA Institute. “We are delighted that SBI Funds Management has adopted the Code. As a leading firm in India, it is sending a strong signal to the local asset management industry.”
The Code is based on six pillars: namely, that managers must act in a professional and ethical manner at all times; act for the benefit of clients; act with independence and objectivity; act with skill, competence, and diligence; communicate with clients in a timely and accurate manner; and uphold the applicable rules governing capital markets.
Globally, more than 1,000 firms voluntarily comply with the Code.
