Leading bankers study Pope's encyclical on social teaching

The City

A private seminar was held this morning at Schroders Bank to explore the relevance of the Pope's encyclical on social teaching, Caritas in Veritate, for the financial sector.

The seminar was organised by Archbishop Vincent Nichols and brought together a number of leading figures in the City to look at issues of ethics and values in the light of the moral principles of Catholic social teaching, and the various challenges facing leaders of the financial sector in the UK.

A message from Cardinal Bertone, Secretary of State to Pope Benedict, said: 'The Holy Father was pleased to be informed of the meeting .. he sends his cordial greetings to all participants. He is gratified to learn that leading figures in the world of finance are responding to the challenge to explore ways of building ‘authentically human social relationships of friendship, solidarity and reciprocity.’ And he encourages them always to promote the integral human development that is rooted in a transcendent vision of the person. He assures all those taking part in the seminar of his blessing and prayers.'


All participants attended in a personal capacity. They were (listed alphabetically): Marcus Agius, Chairman, Barclays Bank; Helen Alexander, President, CBI; Bishop John Arnold, Auxiliary Bishop in Westminster; Ben Andradi, Managing Partner, Syntel and Trustee of Catholic Trust for England and Wales; Sir Win Bischoff, Chairman, Lloyds TSB; Geoff Boisi, Chairman and CEO, Roundtable Investment Partners; Gavin Boyle, CEO, Tudor Capital UK; Robin Buchanan, Senior Adviser, Bain & Co; Mel Carvill, President, PPF Partners Ltd; Dominic Casserley, Managing Partner UK and Ireland, McKinsey & Co; Sr Catherine Cowley, Lecturer in Christian Ethics, Heythrop College, University of London; Michael Dobson, Chief Executive, Schroders; Stephen Green, Group Chairman, HSBC Holdings; Lord Brian Griffiths, Vice Chairman, Goldman Sachs International; Field Marshal Lord Peter Inge, former Chief of the Defence Staff; Louis Jordan, Vice Chairman, Deloitte; Rt Hon John McFall, MP Chairman, Treasury Select Committee; George Mallinckcrodt, W KBE, President, Schroders; Philip Mallinckrodt, Group Head of Private Banking, Schroders; Paul Marshall, Founder and Chairman, Marshall Wace; Archbishop Vincent Nichols, President, Catholic Bishops' Conference of England and Wales; Andrea Ponti, Global Head, Healthcare JP Morgan; Anthony Salz, Director, Rothschild's; Archbishop Peter Smith, Vice-President, Catholic Bishops' Conference of England and Wales; Keith Wade, Chief Economist, Schroders; Charles Wookey, Assistant General Secretary, Catholic Bishops' Conference of England and Wales; and Professor Stefano Zamagni, Professor of Economics, University of Bologna, adviser to the Pontifical Council for Justice and Peace on Caritas in Veritate.