Tuesday, 6 March 2012, 6:00PM
Barnard's Inn Hall

Values and Value in the Marketplace

Lord Green, Professor Kenneth Costa

Lord Green will speak about issues related to his recent book Good Value: Reflections on Money, Morality and an Uncertain World. The description for this book is as follows:

How should we create wealth in societies, and why is it necessary to do so? What improves the lives of the largest number of people? And how do we, living in a globalised world caught in an age of financial and ecological turbulence, respond to the differing needs of individuals and institutions?
Lord Green reflects on how the human desires for exploration and exchange have led us into a globalised, urban world, and considers why it is that capitalism is the best system by which to improve material human wealth. As the world's financial order is in a state of flux, how do we align these drives, and capitalism, with our spiritual and psychological needs? And how should the financial sector respond not only to the current crisis but to the wider needs of the people it serves. Do businesses - and banks in particular - have a duty to society that goes beyond the creation of profit? Does open market capitalism remain our best hope for creating wealth that benefits all of society? Encompassing history, politics, religion and economics, Good Value offers new perspectives on how we can live in a richer, more dynamic world.

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Lord Green of Hurstpierpoint is Minister of State for Trade and Investment.
Previously he built up a 28-year career with HSBC which culminated in his appointment as Group Chairman of HSBC Holdings. He joined The Hongkong and Shanghai Banking Corporation Limited in 1982 with responsibility for corporate planning activities, and, in 1985, was put in charge of the development of the bank’s global treasury operations. In 1992, he became Group Treasurer of HSBC Holdings plc, with responsibility for the HSBC Group’s treasury and capital markets businesses globally. In March 1998, he was appointed to the Board of HSBC Holdings plc as Executive Director, Investment Banking and Markets responsible for the investment banking, private banking and asset management activities of the Group. He assumed additional responsibility for the Group’s corporate banking business in May 2002. He became Group Chief Executive on 1 June 2003 and Group Chairman on 26 May 2006.
Lord Green became Chairman of the British Bankers’ Association in November 2006.
On 24 May 2010, he was elected Deputy President of the Confederation of British Industry, and on 1 July 2010 he was elected Vice-Chairman of the International Chamber of Commerce. A trustee of The British Museum, he is also an honorary trustee of Peking University.

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Professor Ken Costa is the former Chairman of Lazard International and is the Emeritus Gresham Professor of Commerce.

Ken Costa studied philosophy and law at the University of the Witwatersrand, Johannesburg, where he became President of the Students' Union and was active in the student protest movements against apartheid.  He went on to study law and theology at Queens' College, Cambridge, where he obtained the LLM and Certificate in Theology.

Following university, he went to work for an investment bank in the City of London, where he has worked for over 30 years. After serving as Vice-Chairman of UBS Investment Bank, a global financial institution, where he advised international corporations, Mr Costa was named as the Chairman of Lazard International, joining the bank in October 2007.

Ken Costa is the Chairman of Alpha International, which promotes the Alpha course - an introduction to the Christian faith attended by over two million people in the UK and ten million worldwide - and Church Warden of Holy Trinity Brompton.  He was Chairman of the £10m successful Tick Tock Club appeal on behalf of Great Ormond Street Hospital; a member of the Advisory Council of the London Symphony Orchestra; and a Trustee of the UK arm of the Nelson Mandela Children's Fund.

All of Professor Costa's past lectures can be accessed here.

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