Security Bank takes global standard for asset management business
They are world-class when it comes to investments.
Security Bank Corp. announced that they have fully adopted global standards covering wealth management.
In a statement, the bank said its Trust and Asset Management Group has embraced the international code of conduct set by the Chartered Financial Analyst Institute.
“It is the responsibility of asset managers to invest responsibly and with honesty and integrity in the financial markets. A higher ethical standard will boost consumer trust and protect the hard-earned investments of our clients,” said Security Bank President and CEO Alfonso Salcedo, Jr.
Following the Asset Manager Code is voluntary, but ensures that stricter rules are observed in terms of loyalty to clients, investment process and actions, trading, risk management, compliance, and support, performance reporting and valuation, and disclosures.