Credicorp Capital Becomes First Firm in Colombia to Adopt the CFA Institute Asset Manager Code

Credicorp Capital Asset Management in Colombia has announced its compliance with the CFA Institute Asset Manager Code™. Credicorp Capital is now one of more than 1,100 firms worldwide that claim compliance with the code.

The Asset Manager Code clearly outlines the ethical and professional responsibilities of firms that manage assets on behalf of clients. For investors, the code provides a benchmark of ethical conduct they should expect from asset managers and offers a higher level of confidence in firms that adopt the code.

“This compliance fills us with great pride, as it reaffirms the commitment that Credicorp Capital Asset Management has with its affiliates and the local financial market. This translates into always adhering to the highest ethical and transparency standards”, commented James Loveday, Regional Head Credicorp Capital Asset Management. “Being part of this extensive list of companies around the world is a testament to how we apply ethical thinking, prioritizing transparency, to protect our clients’ best interests in all the markets where we operate. The same is true of our subsidiaries in Perú and Chile, which are also in compliance with this code since 2019 and 2021 respectively,” added Loveday.

The Asset Manager Code is grounded in the ethical principles of CFA Institute and the CFA Program, and requires that managers commit to the following professional standards:

• To act in a professional and ethical manner at all times
• To act for the benefit of clients
• To act with independence and objectivity 
• To act with skill, competence, and diligence
• To communicate with clients in a timely and accurate manner
• To uphold the rules governing capital markets

Many firms have their own conduct standards in place to guide their work, but it can be difficult for clients to compare different codes and identify key differences in the firm's level of commitment toward protecting their interests. Rather than evaluating each firm's code of conduct separately, clients can use the CFA Institute Asset Manager Code to quickly identify firms that commit to a common foundation of ethical principles.

"It is at the core of our mission to advance ethics, professional standards of practice, and market integrity in the investment management industry,” said Karyn Vincent, Senior Head, Global Industry Standards, CFA Institute. “We applaud Credicorp Capital, and all firms that have adopted the code, for displaying a steadfast and tangible commitment to professional ethics and putting investors first. When we put investors at the heart of all we do, we can rebuild trust in the profession and benefit society at large.”

More than 1,100 firms worldwide claim compliance with the Code including Ariel Investments, BlackRock, Janus Henderson Investors, J.P. Morgan Asset Management, Afore XXI Banorte, BBVA Asset Management Mexico, Credicorp Capital Asset Management, Itaú Unibanco Asset Management and Principal Afore. (View the full list.)