Following the Financial Times's expose of the seedy goings-on at the all-male Presidents Club charity dinner, members of our industry have been rightly concerned about another reputational blow for their sector.
The Club's members work in a number of areas, but the society is clearly associated with the public's worst perceptions of the City as an old boys' club. Bev Shah, City Hive CEO, warned the fallout from the Presidents Club Dinner "has deeply damaged [the asset management] industry". "People do not distinguish between hedge funds, bankers, lawyers, billionaire businessmen. Trust, once broken, is hard to earn back," she said. "I know there are a lot of decent men and women in the asset and investment management industry who want their clients, their peers, their friends and family ...
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