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The Paul Sigsworth Award
News
This award was initiated to honor the late Paul Sigsworth for his contributions to the funds management industry. Paul was one of the founding members of the FMA. The Award also seeks to promote the FMA’s profile as an institution promoting ethical conduct, while recognizing current and future contributors to the fund management industry.
Background
The late Paul Sigsworth, the former CEO of ICEA Lion Asset Management who joined the company in September 2005 until his untimely demise in May 2015, was well known for being straightforward, upstanding and not willing to accept lower standards when it came to ethical behavior. Paul’s contribution to the financial services industry is well known amongst Fund Management Association (FMA) members and his colleagues at ICEA Lion Asset Management. He had a long history of building various financial companies and their teams and client base. Paul contributed to Kenya’s development in the following areas:
Asset Management
Treasury
Unit Trusts
Property Unit Trusts (REITS)
Real Estate Management and Property Development
Private Equity
Paul was also known for playing a critical role in establishing the FMA and actively participating in its growth.
Purpose of the Award
The Paul Sigsworth Significant Contribution Award’s purpose is threefold:
- To honour the late Paul Sigsworth’s contribution to the Fund Management Industry in Kenya and his strong stand on ethical principles;
- To recognize recipients for their significant contribution to the development and professionalism of the fund management sector; and
- To promote the FMA.
While the Award is intended to be an Annual Award, it will depend on the quality of nominations received.
Recipient Criteria
The recipient of the Award must:
Be an individual, not a firm;
Be a staff member of an FMA member firm; i.e. not restricted to the CEOs or investment related staff of member firms. Under exceptional circumstances the recipient can be from outside a FMA firm where it is felt the recipient made a significant contribution to the FMA/Fund Management industry;
Be known in the market as being reputable and highly ethical;
Have made a significant contribution to the Fund Management Industry going above and beyond their employer’s interests;
Not have previously won the Paul Sigsworth Award; and
Not be FMA members currently acting as judges (either the current Chair and Vice Chair of the FMA or the immediate past Chair of the FMA);
Must have worked at a CMA licensed firm within the last two years or at the judge’s discretion.
Please note, no joint awards are allowed; i.e. only one person can receive the Award at any given time
Other considerations for granting the Award could include: The recipient:
- Will have contributed to the enhanced reputation of the FMA;
- Is seen as a “Good Corporate Citizen” through their CSR involvement; and/or
- Has played a strong role in promoting ethical behavior.
Nominations
Nominees can either be nominated by any staff member of a FMA member or self-nominated. If nominated by a FMA staff member, the nominee must indicate they are supportive of the nomination and would attend the award-giving function. Anonymous nominations will also be allowed as long as the nominee has given their consent for their name to be presented and are willing to accept and attend the award-giving function.
Each nomination must include details of the nominee and reasons why it is felt they are deserving of the Award.
All nominations should be kept confidential and sent only to the judging panel made up of the Internal Committee.
