Tsunami Education Bond a success

Our annual gala Awards Dinner raised a record amount for charity this year. Last Friday’s event saw $340,000 raised for a school project to be built in either Aceh or Sri Lanka.
FinanceAsia organized a Tsunami Education Bond, and gained the participation from eight of the region’s most successful financial institutions. These “lead managers” each contributed $20,000 to the bond and included ABN AMRO, Barclays Capital, Citigroup, CSFB, Goldman Sachs, JPMorgan, Merrill Lynch and Morgan Stanley.
With the addition of private donations received, a total of $340,000 has been raised for the school project. The intention is to work with Oxfam to source a suitable elementary school...