January 31, 2020
Finance industry auction raises £885,000 for Save The Children
25th anniversary of the IFR awards celebrates the best in the global investment banking and capital markets industry and has raised £28.5 million since 1995
London - The global investment banking industry came together on Tuesday to raise a total of £885,000 for Save The Children at the annual International Financing Review (IFR) awards.
The traditional ‘tombstone’ auction, which sees banks battle to be the lead ‘bookrunner’ over an eight-minute period saw Citigroup, which took home Bank Of The Year, bid the largest individual amount of £500,000. Her Royal Highness, The Princess Royal, was in attendance as Patron of Save the Children along with more than 800 attendees.
The event marked the 25th anniversary of the IFR awards which celebrate the best in the investment banking and capital markets industry. The International Financing Review, a news service that covers the capital markets and banking sector, is the most long-standing corporate partner of Save the Children. The IFR awards have raised a total of £28.5 million since the beginning of their partnership in 1995.
David Craig, CEO of Refinitiv, comments: “The Refinitiv IFR awards are a tremendous opportunity to recognise the quality and excellence in investment banking and capital markets, which are of global importance to the UK and global economy. With the huge amounts of money raised at the ceremony for Save The Children over the last 25 years we are proud to be associated with an organisation which makes such a difference in the lives of children around the world.”
Charles Steel, Interim Chair, Save the Children UK, comments: “Thanks to the generosity of the investment banking community at the IFR awards dinner, we were able to raise £885,000 for Save the Children. These vital funds will change children’s futures around the world, allowing them to learn, grow and become who they want to be.”
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